Newly built homes accounted for roughly one-third (31.4%) of single-family homes on the market in the second quarter, according to a study from Redfin (NASDAQ:RDFN). This is highest share for any second quarter since Redfin began tracking data. The portion of new...
California’s median home price exceeded $800,000 in July for the fourth straight month and recorded its first year-over-year gain in nine months, according to new data from the California Association of Realtors (CAR). The statewide median price was $832,340...
A bill before the New York City Council that would reassign the responsibility for paying real estate broker fees has resulted in complex maneuvering after a real estate trade group reportedly attempted to block it from being heard. The New York Daily News reported...
Movement Mortgage has announced the appointment of Andrew Chevalier as a market leader. In his new job, he will be focused on expanding the company’s presence in the Illinois and Wisconsin markets. Chevalier comes to Movement Mortgage from Granite State Credit Union,...
A condominium apartment in New York City’s Billionaires’ Row has reportedly sold for about $80 million. The Wall Street Journal, sourcing its coverage from “two people familiar with the situation,” reported the 8,000-square-foot apartment at 220 Central Park South was...
Mortgage application activity declined for the week ending Aug. 11, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 0.8% on a seasonally adjusted...
Hits and Misses for the Real Estate Week of May 11-15
