First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), topped the JD Power 2024 US Mortgage Servicer Satisfaction Study. This marked the tenth consecutive year that the Detroit-headquartered company ranked first on JD Power’s mortgage servicing study. The US...
The inventory of Iowa homes for sale climbed 4.4% in June, with 7,417 homes on the market versus 7,104 listings in May. According to new data from the Iowa Association of Realtors (IAR), the state’s inventory level soared by 31.8% from the 5,626 homes listed in June...
A total of 10,018 homes were sold in Virginia during June, which was 974 fewer than June of last year. According to Virginia Realtors, this marked both an 8.9% slowdown and the second month in 2024 where sales activity trailed 2023 levels. However, during the first...
Rhode Island’s housing market recorded a new record high median price of $494,000, according to data from the Rhode Island Association of Realtors (RIAR). Last month’s record high marked an 11.6% increase from one year earlier. While prices were up, sales were down....
Hits and Misses for the Real Estate Week of April 27-May 1
