Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
Renters need to earn $63,680 to afford the median asking rent ($1,592) for an apartment, according to a data report from Redfin (NASDAQ: RDFN). This marks the lowest amount needed for rental housing occupancy since March 2022, as well as a 0.4% year-over-year decline...
Mortgage application activity remained flat for the week ending Jan. 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
A new forecast is predicting the population of Utah will grow by a half-million over the next nine years, which could exacerbate the state’s ongoing housing challenges. According to a report from Brigham Young University’s Daily Universe, the forecast would put Utah’s...
A Nashville man was sentenced to four years in prison plus three years of supervised release for his role in a scheme to fraudulently obtain emergency rental assistance designated for households impacted by the Covid-19 pandemic. According to the charges brought...
The National Association of Realtors issued a statement of support for President Trump’s Executive Order titled “Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis,” which addresses issues of housing...
Hits and Misses for the Real Estate Week of June 29-July 3
