Real estate investors purchased 17% of homes sold during the third quarter, up by a scant 1% from a 16% share recorded one year earlier. According to data from Redfin, the total investor home purchases came to roughly 52,000 transactions. Investors bought 1% more...
Starter home sales during October were up by 4.9% from one year according to a new data report from Redfin. In comparison, home sales for mid-priced (+0.7%) and high-priced (+0.8%) residences were also up from one year earlier. Among pending home sales, the starter...
Deephaven Mortgage, a Charlotte, North Carolina-headquartered non-QM lender, has launched its Equity Advantage HELOC product that includes an option for self-employed borrowers to qualify based on 12 months of personal or business bank statements in lieu of tax...
Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.19% as of Dec. 4, down from last week when it averaged 6.23%. A year ago at this time, it...
California was home to four of the five of the riskiest housing markets during the third quarter, according to the latest Housing Risk Report published by ATTOM. The five riskiest housing markets in ATTOM’s analysis were Butte County, California; Humboldt County,...
The homebuilder Century Communities Inc. (NYSE: CCS) announced that its Century Complete brand is now selling new homes at The Timbers, a new community located within 30 minutes of Detroit and Ann Arbor, Michigan. Located near the major commuter routes I-94 and I-275,...
Hits and Misses for the Real Estate Week of April 27-May 1
