California recorded 268,810 home sales in May, a 5.1% year-over-year surge for the strongest annual gain in eight months, according to data collected by the California Association of Realtors (CAR). On a month-over-month basis, home sales dipped 3.1% from...
Home sales during May were up for the fourth consecutive month in May with a 7.9% increase from April. However, the latest REMAX National Housing Report also noted that sales dipped 0.5% from one year earlier. Across the 51 metro areas surveyed for the report, overall...
The share of homebuyers backing out of contracts during May totaled 13.6% of the month’s home sale, according to new data from Redfin. That share was unchanged from April on a seasonally adjusted basis and is also marked the fourth consecutive month that contract...
Property managers should be wary of rental applicants with an unusually high number of recent credit inquiries, according to a new research report from TransUnion (NYSE: TRU). The report found applicants with 15 or more credit inquiries in the seven days prior to...
Pending home sales in May experienced a 3.8% month-over-month increase and a 4.8% year-over-year upswing, according to data from the National Association of Realtors (NAR). Month-over-month and year-over-year pending home sales were up in all four regions (Northeast,...
Mortgage application activity slowed during the week ending June 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a seasonally adjusted basis from...
