Featured Real Estate News
Purchase Activity Fuels Mortgage Application Uptick
Mortgage application activity was on the rise for the week ending March 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.2% on a seasonally adjusted basis...
Purchase Activity Fuels Mortgage Application Uptick
The FHA share of total applications increased to 17.1% from 15.8% the week prior. Continue Reading Purchase Activity Fuels Mortgage Application Uptick
reAlpha Tech Corp. Acquires InstaMortgage
reAlpha Tech Corp. (NASDAQ: AIRE), a Dublin, Ohio-based AI-powered real estate technology company, announced its acquisition of InstaMortgage Inc., an independent mortgage lender. Founded in 2008 and headquartered in San Jose, InstaMortgage is an originations-focused...
Maine’s Housing Market was a November to Forget
A total of 1,160 homes were sold in Maine during November, a slight decline from the 1,312 homes sold during November 2024. According to the Maine Association of Realtors, the state reported a median sales price of $399,000 for single-family existing homes sold in...
Report: NFL’s Chiefs to Relocate from Missouri to New Domed Stadium in Kansas
The Kansas City Chiefs will announce their plans to relocate across state lines from Kansas City, Missouri, to the same-named city in Kansas. The Kansas City Star, sourcing its coverage from unnamed “sources who asked not to be named because they were not authorized...
News & Current Events
Trump Suspends Leases on 5 Offshore Wind Projects
Interior Secretary Doug Burgum called the projects “expensive, unreliable, heavily subsidized offshore wind farms.” Continue Reading Trump Suspends Leases on 5 Offshore Wind Projects
Pennsylvania Home Sales Down While Prices Keep Rising
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. Continue Reading Pennsylvania Home Sales Down While Prices Keep Rising
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
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Q1 Texas Home Sales Down Despite Boost in Active Listings
The median Texas home sales price for the quarter was $331,000, a mild 0.3% rise from one year earlier. Continue Reading Q1 Texas Home Sales Down Despite Boost in Active Listings
Pennsylvania Home Sales Up 21%
The median sales price for residential properties last month was $285,000, up 2% from $279,000 in the previous month. Continue Reading Pennsylvania Home Sales Up 21%
Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Most recently, Skender served as president and co-founder of RaaP. Continue Reading Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Lenders Offering Creative Financing Options
To address affordability issues due to higher rates, some lenders are advancing creative financing offers to their borrowers and the real estate agents who serve them. Continue Reading Lenders Offering Creative Financing Options
More Down Payment Assistance Programs Introduced During Q1
A total of 990 programs (39%) were offered through local housing finance agencies. Continue Reading More Down Payment Assistance Programs Introduced During Q1
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
“With the last few years, everything going on, I really got super hyper-focused,” El Moussa said. Continue Reading HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
Mortgage Forbearance Levels Down Slightly in March
The five states with the highest share of loans that were current as a percent of servicing portfolio are Washington, Idaho, Alaska, Oregon, and Colorado. Continue Reading Mortgage Forbearance Levels Down Slightly in March
Democrats Reintroduce Housing for All Act to Address Homelessness
“Housing is a basic human right, not a privilege,” said Sen. Alex Padilla. Continue Reading Democrats Reintroduce Housing for All Act to Address Homelessness
Mary Lee Blaylock Named Brokerage President at Sotheby’s International Realty
Blaylock previously served as senior vice president of HomeServices of America Inc., a Berkshire Hathaway affiliate. Continue Reading Mary Lee Blaylock Named Brokerage President at Sotheby’s International Realty