Single-family home sales likely bottomed out during the fourth quarter this year and are expected to begin a slow but meaningful recovery in 2024, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR...
California’s existing home sales in November recorded their greatest monthly decline in the past year and plummeted to the lowest level since the Great Recession, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing,...
Mortgage applications for new home purchases during November recorded a 21.8% year-over-year increase, according to new data from the Mortgage Bankers Association (MBA). Compared to October 2023, applications were down by 12%. MBA estimated new single-family home...
Single‐family housing starts in November were at a rate of 1.14 million, the highest level in six months, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This represents an 18% increase from the revised October...
A Phil Hall Op-Ed: Over the past couple of weeks, there have been a number of forecasts about where the U.S. economy in general – and the housing market, in particular – will be heading in 2024. There are a few easy predictions that I can make. For starters, I can...
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), has announced the $171.25 million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks, California. The portfolio features Los Robles Apartments, a 253-unit...
