More nonwhite homebuyers and fewer White buyers have been taking out mortgages over the past five years, according to a data analysis by Redfin (NASDAQ:RDFN). Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers, down from 64%...
The National Association of Home Builders (NAHB) has published a 10-point plan designed to address housing affordability challenges. In announcing the plan, the NAHB observed there was a nationwide shortage of approximately 1.5 million housing units, which exacerbates...
Fox News headliner Sean Hannity is making good on his claim that he’s “done” with New York by listing his Long Island mansion for $13.75 million. The Wall Street Journal reported Hannity acquired the property through a limited liability company in 2008 for $8.5...
The homebuilder Lennar Corp. (NYSE:LEN) announced the opening of Stoneriver, its new master-planned community in the Raleigh suburb of Knightdale, North Carolina. According to the company, Stoneriver offers nine single-family home designs from the Cottage, Classic and...
Mortgage rates continues to soar in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of May 2, up from last week when it averaged 7.17%. A year ago at this time, it averaged 6.39%. The...
A new data analysis by ATTOM of home sales over the past 13 years has concluded that sellers can snag the highest premiums if they put their properties on the market in May, February and April. ATTOM number-crunched 59 million single-family home and condo sales from...
Hits and Misses for the Real Estate Week of April 27-May 1
