Former President Donald Trump made a rare acknowledgment of the challenges to homeownership affordability but offered no specific strategies to addressing the matter except to seek voter support. In an interview on Fox News’ “The Ingraham Angle,” host Laura Ingraham...
Pending home sales in June were up by 4.8% from May but were down 2.6% from June 2023, according to the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s a forward-looking indicator of home sales based on contract signings, grew to 74.3 in...
Luxury home value growth has outpaced appreciation on typical homes for the fifth consecutive month, according to a new data analysis from Zillow (NASDAQ:Z, ZG). The typical luxury home – which Zillow defines as the most valuable 5% of homes in a specific market – is...
Mortgage application activity dropped during the week ending July 26, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.9% on a seasonally adjusted basis from...
The National Association of Realtors (NAR) has published new resources designed to help consumers understand the changes brought by the Sitzer/Burnett settlement agreement. The new resources are available on facts.realtor and include the following offerings: Fact...
New York City Mayor Eric Adams accused opponents of new affordable housing developments of advocating a new era of “Jim Crowism.” According to a Gothamist report, the city produced more than 14,700 new apartments with rents capped for low- and middle-income tenants...
