What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to new data from Redfin (NASDAQ:RDFN). The average U.S. was valued at $495,183 as of December, up from $474,740 a year earlier. In percentage terms,...
Fewer people were seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Feb. 23. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.6% on a seasonally adjusted...
A new data analysis published by Realtor.com has determined the U.S. housing market is short of up to 7.2 million homes, a deficit fueled by more than a decade of underbuilding relative to population growth. Realtor.com noted that an additional 1.7 million households...
Development is underway on a new mixed-use property in central Connecticut that will encompass retail, lodging and a master-planned community. The Hartford Courant reported the new Cheshire Crossing retail development will feature a 152,000-square-foot shopping center...
The latest data from the S&P CoreLogic Case-Shiller Indices affirmed that home prices ended 2023 at a higher level. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.5% annual gain in December, up from a 5% rise in the previous...
Illinois Home Sales and Inventory Decline While Median Price Rises
