The median U.S. monthly housing payment set a record high at $2,894 during the four weeks ending May 5, up 14% from one year earlier, according to new data from Redfin (NASDAQ:RDFN). During this period, Redfin reported the median sale price reached $384,721, up 4.5%...
There is good news and not-so-good news regarding the state of affordable housing in California’s Bay Area. First, the good news: data from the newly published Bay Area Affordable Housing Pipeline 2024 Report detailed that 433 projects are now in various stages of...
Massachusetts Gov. Maura Healey is proposing a new “mansion tax” strategy to fund the state’s affordable housing endeavors. According to combined media reports, Healey’s recently proposed $4 billion housing bond bill would enable cities to enact a transfer fee ranging...
Nevada’s gambling mecca recorded the sales of 2,960 existing local homes, condominiums and townhomes in April, according to new data from Las Vegas Realtors. Compared to one year ago, this represents an increase of 19.2% for homes and 16.1% for condos and...
New England Patriots owner Robert Kraft sold his apartment in New York City’s landmark Plaza hotel for $22.5 million in an off-market deal. The Wall Street Journal reported Kraft bought the residence in 2007 for $14.47 million, during the time when the hotel began to...
More people were seeking mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.6% on a seasonally adjusted basis from one week earlier while...
Hits and Misses for the Real Estate Week of April 27-May 1
