A total of 79,540 single-family homes and condominiums were flipped in the second quarter, according to new data from ATTOM. This represented 7.5%, or one of every 13 home sales. The second quarter’s total is down by 8.7% in the first quarter and down by 7.9% in...
Rep. Alexandria Ocasio-Cortez (D-NY) is calling for the creation of a new federal entity to build “social housing” and then sell those properties agencies and organizations that would manage them in “permanent affordability.” Ocasio-Cortez, in a New York...
Greystar announced its latest community, Summerwell Bells Ferry in Acworth, Georgia, will have a ribbon cutting ceremony on Sept. 24. Summerwell is Greystar’s dedicated build-for-rent brand, and Summerwell Bells Ferry consists of 137 townhomes and 16 detached...
Basketball great Michael Jordan’s saint-worthy patience with the housing market has finally been rewarded – the NBA Hall of Famer finally sold his Chicago-area mansion after having it on the market for 12 years. The Chicago Tribune reported Jordan sold the 8.4-acre...
A growing number of people were taking out mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 14.2% on a seasonally adjusted basis on a...
The homebuilder Lennar (NYSE:LEN) announced plans for four new communities in New Jersey. The master-planned communities debuting over the next few months include: The Grove, located in Whippany, will feature 60 two and three-story townhomes; The Signature Collection...
