The Miami-based fintech start-up Waltz Inc. is now offering foreign investors a platform to invest in and purchase US residential real estate within a 30-day period. Waltz is currently available in nine states – Alabama, Florida, Georgia, Maryland, Mississippi, North...
Foreign buyers purchased $42 billion worth of US existing homes between April 2023 and March 2024, according to new data from the National Association of Realtors (NAR). This represented a 21.2% from the prior 12-month period. Foreign buyers purchased 54,300...
Single-family housing starts in June were at a rate of 980,000, a 2.2% decline from the revised May figure of just over 1 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. Privately-owned housing starts in...
Mortgage applications were on the rise again, according to data from Mortgage Bankers Association (MBA) covering the week ending July 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis...
A Phil Hall Op-Ed: Buried in the middle of today’s belated effort to show that President Biden is aware of challenges in the housing market was this strange paragraph in a White House press statement: “The United States Postal Service (USPS) will pilot the...
Builder confidence in the market for newly built single-family homes dropped by one point to 42 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marked the HMI’s lowest reading since...
Hits and Misses for the Real Estate Week of April 27-May 1
