California’s housing affordability during the second quarter sank to its lowest levels in nearly 17 years due to elevated home prices and mortgage rates, according to data from the California Association of Realtors (CAR). The second quarter’s level was less...
The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
The U.S. Department of Housing and Urban Development (HUD) has announced three initiatives focused on affordable housing creation. HUD has teamed with the U.S. Department of the Treasury on new actions designed to ensure greater interest rate certainty for state and...
Starwood Capital Group, a Miami Beach-headquartered private investment firm with a primary focus on real estate, announced that Andrew J. Sossen will rejoin the firm in September as a senior managing director and chief operating officer. Upon his return, Sossen will...
Glasshouse Realty Group, a Dayton, Ohio-headquartered real estate brokerage, has recruited Tom Kretz to launch a commercial division to expand and diversify the brokerage’s footprint across the Dayton, Cincinnati and Columbus markets. The company is predicting...
New data from the National Association of Realtors (NAR) determined that 199 out of 223 metro markets, or 89%, recorded home price gains in the second quarter as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%. NAR added that 13% of the 223 tracked metro...
Builders Grow Slightly More Confident in Housing Market
