Builder confidence in the market for newly built single-family homes reached its lowest reading since December 2023, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). For June, the HMI dropped two points from...
The Consumer Financial Protection Bureau (CFPB) ordered three reverse mortgage servicing companies to cease operating in their industry, citing what the regulator described as “illegal activities that harmed older homeowners and caused them to fear losing their...
Dallas-headquartered PrimeLending has added a new home equity loan product to its offerings. The new loan product offers a fixed-rate repayment over a 30-year term. In announcing the product, the company pointed to Federal Reserve Bank of St. Louis data that noted how...
Nearly two-thirds of European renters (64%) said they lack the funds for a down payment on a home, while more than half (58%) don’t believe they can save enough for a down payment over the next three years, according to a new survey released by Adevinta, an online...
Peak Roofing Partners, a portfolio company of the private equity firm Exuma Capital Partners, has acquired Action Roofing, a South Florida-based roofing company. The financial aspects of the deal were not disclosed. Action Roofing was founded in 1986 and provides...
The median home price in California reached a new record high of $908,040 in May, up by 0.4% from April and up by 8.7% one year ago, according to new data from the California Association of Realtors (CAR). This marked the second consecutive month where the median home...
Hits and Misses for the Real Estate Week of May 11-15
