Dr. E.J. Antoni is a public finance economist at The Heritage Foundation. This article is edited and adapted from prepared remarks delivered today before the U.S. Senate Committee on Banking, Housing and Urban Affairs. Over the last three years, prices have risen...
Texas home sales were down by 11% during 2023, with 327,921 in total sales. According to Texas Realtors, this is the lowest sales level since 2016. The statewide median price for $335,100 was 2023, a 1.4% drop from the previous year, although more Texas metros saw...
Last month saw a total of 32,938 residential properties with foreclosure filings, according to new data from ATTOM. This is down 1% from January but up 8% from February 2023. Lenders repossessed 3,397 properties through completed foreclosures (REOs) in February, down...
The Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 owner-households – the largest single-year increase since 2005 and the largest homeownership rate upswing for any racial or ethnic demographic group compared to the year prior, according...
Freddie Mac (OTCQB: FMCC) announced that its Multifamily Apartment Investment Market Index (AIMI) decreased in the fourth quarter of 2023 but increased over the full year. AIMI fell nationally and in all 25 regional markets measured for the fourth quarter of 2023, as...
Greystone, a New York City-based commercial real estate finance company, has provided $19 million in bridge-to-agency financing for Tower Apartments, a 118-unit multifamily property in the Los Angeles suburb of Bellflower, California. Tower Apartments contains a...
