Real Estate News & Insights

Source: Financial Advisor Magazine --- If you’re in the market for a new home, be prepared for a bidding war because it’s a seller’s market. Prospective homebuyers across the U.S. are shelling out big bucks for homes during the pandemic, with remote workers and their...

Source:The Wall Street Journal --- The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes to help lower-income borrowers and narrow a racial gap in...

Source: Real Estate Weekly --- Eugene H. Webb, the co-founder and chairman of one of Harlem’s most successful real estate brokerage firms, has died at the age of 102. Born in Red Level, Alabama, on November 24, 1918, during the Spanish Flu pandemic that killed 500...

Source: The World Property Journal --- Based on ATTOM's May 2021 U.S. Foreclosure Market Report, there were a total of 10,821 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- down 8 percent from a month ago but...

Source:KFGO --- A patch of virtual land in the blockchain-based online world Decentraland sold for more than $900,000 on Thursday, in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bought and sold in...

Source: Review Journal --- A Henderson estate dubbed the house of water and located in the exclusive hillside community of Ascaya closed Thursday for $14.69 million, making it the highest price paid for a single-family home in 2021 and third-highest price ever paid...

Source: Housing Wire --- Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another record high, up from 26% a year ago, according to a new report from...

Source: CNBC --- The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a reaction to comments made Wednesday by Federal Reserve...

Source: The Wall Street Journal --- Lumber prices are falling back to Earth. Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading days....