Fewer people were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, was down by 8.8% on a seasonally adjusted basis from one...
California’s statewide median home price recorded its first month-to-month increase in seven months, according to new data from the California Association of Realtors (CAR). The median home price grew from February’s $735,480 to $791,490, a 7.6% upswing....
More than half of millennials and Gen Zers are under the belief they will only way be able afford to buy a home if they win a lottery. According to a new survey by Zillow Group (NASDAQ:ZG), 52% of Gen Zers and 57% of millennials who are not homeowners stated they...
Last month’s median U.S. home price fell 3.3% year-over-year to $400,528, the largest year-over-year drop since 2012, according to new data from Redfin (NASDAQ:RDFN). Redfin noted that much of the decline was fueled by the “pandemic boomtowns and pricey Bay Area...
New York City’s Rockefeller Center will soon have its first hotel – a situation created by a surplus amount of empty offices. The Wall Street Journal reported Aspen Hospitality is planning to renovate 10 floors of vacant office space above the NBC “Today” show studios...
City neighborhoods usually don’t congeal by happenstance – urban planning at various municipal, state and sometimes federal levels bring about changes to the landscape. To understand the right way and wrong way to conduct urban planning, we called on Steven Cornwell,...
