New data from Redfin (NASDAQ:RDFN) found 6.4% of home sellers cut their asking price during the four weeks ending May 26, the highest share since November 2022. The median asking price was slashed by roughly $3,000 to $416,623 in the last week, the first decline in...
Roughly 1.3 million U.S. residential properties were vacant in the second quarter of this year, according to new data from ATTOM. This represents about 1.3%, or one in 79 homes, the same level as the first quarter. ATTOM also found 237,208 residential properties are...
Zillow (NASDAQ:Z, ZG) has dubbed Phoenix as the best housing market for this year’s college graduates. Zillow analyzed the nation’s major metro markets to determine the best combination of rental affordability and concessions, job prospects and a population of...
The Los Angeles home of Paul Reubens, the comic actor known for playing the zany character Pee-wee Herman in films and television, has been listed for $4.995 million. The Wall Street Journal reported that Reubens purchased the 1.4-acre property in 1985 for $415,000...
The homeownership rate for Black households has grown faster than average since 2019, though it is still lower than its peak from 20 years ago. According to a new data report from Zillow (NASDAQ:Z, ZG), nearly 46% of Black households own their home, down from its...
Mortgage application activity slumped during the week ending May 24, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.7% on a seasonally adjusted basis from one week...
Hits and Misses for the Real Estate Week of April 27-May 1
