The triple threat of potential tariffs, still-elevated mortgage rates and high housing costs pushed builder confidence in the single-family home market down in February. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)...
Slightly under one-third (32.6%) of home purchases in 2024 were all-cash transactions, according to new data from Redfin (NASDAQ: RDFN). This is down from 35.1% in 2023 and the lowest share since 2021. Prior to the pandemic, the share of all-cash sales ranged from 25%...
Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), has unveiled RocketRentRewards, a new program designed to provide closing cost credits for renters. According to the company, homebuyers with a Rocket mortgage earn 10% back on the last 12...
The Department of Government Efficiency (DOGE) task force within the Department of Housing and Urban Development (HUD) is seeking public assistance to audit the agency. In the new @DOGE_HUD account on X, the task force wrote: “DOGE is looking for help from the general...
Renting is more affordable than buying a home in all but two of the top 50 metro markets in January, according to a new data report from Realtor.com. One year ago, there were six markets where buying was less expensive than renting. The average median asking rent in...
The 133-acre site of a defunct New Jersey hospital has received approval to become a $350 million mixed-use development with 1,005 apartments. NJBiz.com reports the City of Orange approved a plan to renovate the former Orange Memorial Hospital into a new development...
