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Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
$110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
A Los Angeles estate known as the “Spelling Manor” after its former owner, producer Aaron Spelling, topped the list of July’s most expensive home sales, according to new data from Redfin. The Spelling Manor’s $110 million sale price was far greater than the runner-up...
Sandra Howard Named Chief Marketing Officer at Keller Williams
Keller Williams Realty LLC (KW) has announced the appointment of Sandra Howard as chief marketing officer, effective Aug. 18. In her new role, Howard will focus on growing KW’s revenue via strategic marketing, branding, and communications-driven initiatives. Before...
Treasury Secretary Bessent Calls on Fed to Make a 50 Basis Point Rate Cut in September
Treasury Secretary Scott Bessent ratcheted up the Trump administration’s pressure for Federal Reserve rate cuts by bluntly stating the central bank’s benchmark is at least 1.5 percentage points too high. “I think we could go into a series of rate cuts here, starting...
NEWS & CURRENT EVENTS
Florida Records Declines in Home Sales and Prices
The statewide median sales price for single-family existing homes last month was $415,000, down 2.7% from the previous year. Continue Reading Florida Records Declines in Home Sales and Prices
New York State Home Sales Down 11% Despite Increase in Listings
The median sales price in New York State for May was $436,000, up 3.8% from the $420,000 price set one year earlier. Continue Reading New York State Home Sales Down 11% Despite Increase in Listings
Fed’s Bowman Open to Supporting July Rate Cut
Bowman follows Fed Governor Christopher Waller, who stated last Friday that the central bank was “in the position” to enact a rate cut “as early as July.” Continue Reading Fed’s Bowman Open to Supporting July Rate Cut
Connecticut Governor Vetoes Affordable Housing Bill
“I’m not happy with the local red tape, but I want the towns to take the lead,” said Gov. Ned Lamont. Continue Reading Connecticut Governor Vetoes Affordable Housing Bill
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Zombie Foreclosure Rate Sinks in Q3
“Zombie foreclosures continue to be a mere blip on the radar screen,” said Rob Barber, CEO for ATTOM. Continue Reading Zombie Foreclosure Rate Sinks in Q3
GSEs Update Private Mortgage Insurer Eligibility Requirements
The updated standards will be implemented through a 24-month phased-in approach, with a fully effective date of Sept. 30, 2026. Continue Reading GSEs Update Private Mortgage Insurer Eligibility Requirements
Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy
Mayor Joe Ganim told his Facebook audience the mural was a “lovely piece of artwork.” Continue Reading Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy
Kroger Sues FTC Over Attempt to Block Merger with Albertsons
The merger was designed to create a combined company with more than 4,000 stores. Continue Reading Kroger Sues FTC Over Attempt to Block Merger with Albertsons
Wider Inventory Helps Boost Virginia Home Sales
Last month saw the sale of 9,947 homes across the state, a 10.7% year-over-year increase. Continue Reading Wider Inventory Helps Boost Virginia Home Sales
Alabama Records Sixth Straight Month of Rising Home Sales
Sales volume in July reached $1.51 billion. Continue Reading Alabama Records Sixth Straight Month of Rising Home Sales
Utah Files Lawsuit Challenging Federal Control Over Most BLM Land
“It is not a secret that we live in the most beautiful state in the nation,” said Gov. Spencer Cox. Continue Reading Utah Files Lawsuit Challenging Federal Control Over Most BLM Land
Jeremy Cramer Named Head of California CRE Lending at IDB Bank
Cramer was previously senior managing director at First Republic Bank. Continue Reading Jeremy Cramer Named Head of California CRE Lending at IDB Bank
Study: Homeowners Are Less Likely to Move Than Renters
Colorado had the largest share of residents who moved. Continue Reading Study: Homeowners Are Less Likely to Move Than Renters
Fannie Mae: Home Sales to Stay Weak Deep Into 2025
Mortgage rates are not forecast to go below 6% until the end of 2025. Continue Reading Fannie Mae: Home Sales to Stay Weak Deep Into 2025
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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