Pending home sales in June were up by 4.8% from May but were down 2.6% from June 2023, according to the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s a forward-looking indicator of home sales based on contract signings, grew to 74.3 in...
Luxury home value growth has outpaced appreciation on typical homes for the fifth consecutive month, according to a new data analysis from Zillow (NASDAQ:Z, ZG). The typical luxury home – which Zillow defines as the most valuable 5% of homes in a specific market – is...
Mortgage application activity dropped during the week ending July 26, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.9% on a seasonally adjusted basis from...
The National Association of Realtors (NAR) has published new resources designed to help consumers understand the changes brought by the Sitzer/Burnett settlement agreement. The new resources are available on facts.realtor and include the following offerings: Fact...
Provident Bank, the Jersey City, New Jersey-based subsidiary of Provident Financial Services Inc. (NYSE:PFS), announced the appointment of Leonardo Ramos as vice president and Community Reinvestment Act (CRA) officer. In his new job, Ramos will be in charge of the...
Paul Compton is managing partner at the law firm Compton Jones and Dresher LLP. This article is adapted and edited from the hearing entitled “Housing Solutions: Cutting Through Government Red Tape” held last week before the U.S. House of Representatives Financial...
Hits and Misses for the Real Estate Week of June 15-19
