First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), topped the JD Power 2024 US Mortgage Servicer Satisfaction Study. This marked the tenth consecutive year that the Detroit-headquartered company ranked first on JD Power’s mortgage servicing study. The US...
Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...
The inventory of Iowa homes for sale climbed 4.4% in June, with 7,417 homes on the market versus 7,104 listings in May. According to new data from the Iowa Association of Realtors (IAR), the state’s inventory level soared by 31.8% from the 5,626 homes listed in June...
The Denver City Council hit the brakes on Mayor Mike Johnston’s proposal to increase the sales tax to fund affordable housing development. The proposal, which was floated earlier this month, would add an extra 0.5% to the city’s current effective 8.81% sales tax...
