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How Long Do Californians Stay in Their Homes Before Selling?
Source: Point2Homes --- Key Highlights: California’s 30 largest cities posted significant differences in homeowner tenure in 2022: Salinas residents spent 9.3 years in their home before selling it, while owners in Elk Grove who changed homes did so after just 2.3...
St. George’s growth and progress depends on water, mayor says at State of the City address
Source: The Salt Lake Tribune --- St. George • As far as southern Utah’s largest city has come, its future growth and progress is largely dependent on water, St. George Mayor Michele Randall said Tuesday during her State of the City address. Speaking to an overflow...
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports
Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to 17 percent, just above the 15-year...
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data
Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data. Using public and private data sources, Homebuyer.com performed...
Buyers are getting more for their money as home shopping season approaches
Feb. 9, 2023 (Staff Writer)- Home buyers' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment1 plummeted from $865,000 in...
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...
Ousted WeWork founder Adam Neumann reveals more about his new real estate venture, Flow
Feb. 9, 2023 (Staff Writer)- Adam Neumann, 43, has described how his new company, Flow, will transform how people interact with their homes and give them with a sense of ownership even though they're renting. To illustrate the idea, he said tenants would plunge their...
Three things government could do to support the housing market now
Source: MPA Mag --- With the housing market enduring a period of turmoil, along with the expiration of Help to Buy, there is now a conversation to be had on what the government might do to help stabilise or support the market. When it comes to any potential new...
Jennifer Deason Appointed Chief Executive Officer of Home Partners of America; Co-Founder and Current CEO William Young to Transition to Non-Executive Chairperson
Feb. 8, 2023 (Staff Writer)- Home Partners of America ("Home Partners" or the "Company"), a leader in making homeownership a reality for more people and a wholly owned portfolio company of Blackstone, today announced that Jennifer Deason has been appointed the...
MRI Survey Reveals What Renters Want: Green Practices, Digital Interactions, Luxury Amenities, and Future Homeownership
Feb. 8, 2023 (Staff Writer)- The PropTech firm MRI Software has good news for landlords and property managers: They can easily make renters happy by adopting green practices and digital communications. Additionally, luxury amenities earned top spots on...
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