A new forecast from Zillow (NASDAQ: Z, ZG) is predicting that mortgage payments on a typical home will be affordable in 20 major metropolitan areas by the end of the year. If the forecast is correct, that would be highest level since 2022. In presenting its forecast,...
Mortgage applications for new home purchases in December increased by 2.5% from one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications decreased by 3%. MBA estimated new single-family home sales...
Former Vice President Kamala Harris has a new home in the swanky Point Dume section of Malibu. The New York Post reports Harris and her husband, attorney Doug Emhoff, paid $8.15 million in an off-market transaction for a 4,000-square-foot, four-bedroom, six-bathroom...
The US House of Representatives voted 263-147 to pass HR 5184, the Affordable Housing Over Mandating Efficiency Standards (Affordable HOMES) Act. The bill repeals a 2022 Department of Energy rule that placed site-built housing standards on manufactured homes. The bill...
Florida dominated the luxury real estate market in December, with six of the 10 priciest home sales of the month originating in the Sunshine State. According to data from Redfin, the month’s most expensive sale – a five-acre compound in coastal Miami – was also the...
The ranking member of the House of Representatives’ Financial Services Subcommittee on Housing and Insurance is finding fault with President Trump’s proposal to ban institutional investors from buying single-family homes. In an interview with the Washington Examiner,...
Hits and Misses for the Real Estate Week of April 27-May 1
