The gap between the share of Black and White households in rental properties that could comfortably afford a mortgage payment narrowed during the pandemic, according to new data from Zillow (NASDAQ:Z, ZG). Zillow cited American Community Survey statistics from 2022...
John Ketcham is a fellow and director of cities at the Manhattan Institute for Policy Research. This article is adapted from written testimony submitted today before the U.S. House of Representatives’ Subcommittee on Housing and Insurance hearing “Restoring Prosperity...
Marcus & Millichap (NYSE:MMI) announced the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim, California for $79 million, or $311,326 per unit. Built in 1970 on nine acres, Chateau de Ville is a 21-building, controlled-access community with a...
Closed sales of single-family homes in Florida totaled 14,851 in January, up 0.6% year-over-year, while existing condo-townhouse sales totaled 6,008, down 1.2% from last year, according to data from the Florida Realtors Research Department. During January, Florida’s...
The inventory of homes for sale across New York State shrank by 10.2% in January from 39,544 homes available in 2023 to 35,492 units on the market in 2024, according to new data from the New York State Association of Realtors. This marked the 11th consecutive month...
Mortgage rates shot up to the border of the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. A year ago at this...
Illinois Home Sales and Inventory Decline While Median Price Rises
