A Los Angeles estate known as the “Spelling Manor” after its former owner, producer Aaron Spelling, topped the list of July’s most expensive home sales, according to new data from Redfin. The Spelling Manor’s $110 million sale price was far greater than the runner-up...
Mortgage application activity took a substantial increase for the week ending Aug. 8 thanks to an uptick in refinance inquiries, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application...
Only 15% of California households could afford to purchase the $905,680 median-priced home in the second quarter, down from 17% in the first quarter and up slightly from 14% in the second quarter of 2024. According to data from the California Association of Realtors...
New data from the National Association of Realtors (NAR) has determined three-quarters of the US metro markets (170 out of 228) registered home price gains during the second quarter, which is down from 83% in the first quarter. Only 5% of metro areas recorded...
The summer doldrums weighted on the Mid-Atlantic markets in the Bright MLS service area, which recorded a 2.8% year-over-year decline in closed sales during July. Last month, there were 20,847 new pending contracts in the Bright MLS service area, down by 1.7% from the...
President Trump has provided a broad hint at his plans for privatizing Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). In a posting on Truth Social, the president posted an AI-generated photo showing him at the opening bell of the New York Stock Exchange, with...
