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Housing Market Update: Homes Are Taking Longer to Sell
Source: Redfin --- Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling. The typical home sold during the four weeks...
How the Fed’s escalating fight against inflation is hitting the hot housing market
Source: CNBC --- The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
Lennar Debuts Two Communities in Alabama
“Foley is a little piece of paradise,” said Lennar’s Joel Coleman. Continue Reading Lennar Debuts Two Communities in Alabama
Elle to Create Residential Tower in Miami
The 25-story property will include 180 residences that will be delivered turnkey. Continue Reading Elle to Create Residential Tower in Miami
Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention
Chicago recorded 18,836 unhoused people in 2024, a jump from 6,139 in 2023. Continue Reading Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Foreclosure Activity Down During First Half of the Year
Nationwide, 0.13% of all housing units (one in every 794) had a foreclosure filing in the first half of 2024. Continue Reading Foreclosure Activity Down During First Half of the Year
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
The typical home is selling for 0.4% less than its asking price. Continue Reading Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors
Richard Xia will repay $228 million that he took from the EB-5 investors. Continue Reading NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors
Report: Home Improvement Retailer LL Flooring Weighs Bankruptcy Filing
The company has more than 400 stores across 47 states. Continue Reading Report: Home Improvement Retailer LL Flooring Weighs Bankruptcy Filing
Home Sales Decline Across Mid-Atlantic Region
Although fewer homes were being sold, more properties were available for sale in June. Continue Reading Home Sales Decline Across Mid-Atlantic Region
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
