A new data study from Zillow (NASDAQ: Z, ZG) found 62% of Black homebuyers purchased their first home in 2024, just slightly below the record 63% level in 2023. In comparison, overall, first-time buyers made up just 44% of the market, down from 50% in 2023. Zillow...
January saw a month-over-month spike in new listings, up 53.7% over December, although on a year-over-year measurement the level was down by a scant 0.1%, according to the latest national housing report from RE/MAX Holdings (NYSE: RMAX). Inventory last month was up 5%...
Hunt Communities announced the groundbreaking of its new master-planned community, Verdancia, in Horizon City, Texas, east of El Paso. According to the company, the 770-acre community will include approximately 2,400 single-family home lots, with homes expected to be...
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
Listing a home as a fixer-upper may not be a profitable idea anymore, as a new analysis by Zillow (NASDAQ: Z, ZG) found buyers were willing to pay 3.7% more than expected for a home that is already remodeled – which is an additional $13,194 on a typical home and is...
Single-family housing starts in January were at a rate of 993,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.4% below the revised December figure of 1.08 million. Privately-owned housing starts in...
I Sat In a Room and Watched Someone Describe America’s Mortgage Appli…
