Mortgage applications activity recorded a significant upswing for the week ending June 7, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, shot up by 15.6% on a seasonally adjusted...
A total of 32,621 residential properties with foreclosure filings were recorded in May, according to data from ATTOM. This is up by 3% from April but down 7% from May 2023. One in every 4,320 housing units across the country had a foreclosure filing last month. The...
The U.S. Department of Veterans Affairs (VA) issued a circular announcing a temporary policy change that will enable borrowers using the VA home loan program to pay certain real estate buyer-broker fees when purchasing a home. The circular comes in the wake of the...
Rents dropped in May for the tenth consecutive month, albeit at a slower pace, according to the latest Realtor.com Rental Report. The median asking rent nationally for 0-2 bedroom units fell by -0.7% ($13) from May 2023 to $1,732. This is only $24 (-1.4%) below its...
The Long Island estate of Sean Hannity sold for $12.7 million, down from the $13.75 million sought by the Fox News star when it was listed last month. The Wall Street Journal reported the property was acquired by a fan of the political commentator, who has relocated...
State legislatures fighting against property taxes, a California restaurant chain closing eateries and a stock market for Texas. From the wild and wooly world of real estate, here are the Hits and Misses for the week of June 3-7. Hit: Saying No to New Taxes. The...
