Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Actor Chris Pratt’s efforts to sell his Pacific Palisades estate have been less than stellar, resulting in a roughly $6.5 million reduction on its listing. Realtor.com reported the “Guardians of the Galaxy” star cut his original asking price of $32 million to $25.49...
Lennar Corp. (NYSE:LEN) announced the grand opening of Del Mar, a master-planned community offering two collections of townhomes for sale in Miami. According to the company, Del Mar features the Seaview Collection offering five two-story townhome designs ranging from...
Mortgage rates declined again, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of June 13, down from last week when it averaged 6.99%. A year ago at this time, it averaged 6.69%....
California, Illinois and New Jersey continued to have the highest concentrations of at-risk housing markets during the first quarter, according to a data report from ATTOM. The newly published Special Housing Risk Report analyzed first quarter statistics related to...
Two new data reports have found housing supply is starting to outpace demand, with a surge of new listings being seesawed by a growing deficit of buyers. Zillow (NASDAQ:Z, ZG) is reporting new listings of houses rose by nearly 13% from one year ago, while the level...
