Real Estate News & Insights
New Data Reports Highlight Mild But Continued Home Price Acceleration
FHFA Director Bill Pulte made no public acknowledgement of the home price increases. Continue Reading New Data Reports Highlight Mild But Continued Home Price Acceleration
Georgia Home Sales Down 9% During November
During November, the median sales price dipped by 1% to $356,000 while the average sales price inched up 2% to $449,463. Continue Reading Georgia Home Sales Down 9% During November
New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024
The average selling price for all home types in the GTA market will reach $1.17 million this year, the TRREB predicted. Continue Reading New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024
Safe and Green Development Corp. Acquires XENE Real Estate AI Software
The platform is being promoted as a tool to streamline property transactions. Continue Reading Safe and Green Development Corp. Acquires XENE Real Estate AI Software
Mortgage Rates Remain Stagnant
The 30-year fixed-rate mortgage averaged 6.64%, recording a scant uptick from last week when it averaged 6.63% Continue Reading Mortgage Rates Remain Stagnant
86% of Metro Areas Posted Home Price Gains in Q4 2023
The national median single-family existing home price was up by 3.5% from a year ago to $391,700. Continue Reading 86% of Metro Areas Posted Home Price Gains in Q4 2023
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
The FHA delinquency rate spiked by 131 basis points to 10.81%, the highest level since the third quarter of 2021. Continue Reading MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
NAHB: Housing Affordability Remains Near Historic Low Level
37.7% of new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $96,300. Continue Reading NAHB: Housing Affordability Remains Near Historic Low Level
New Study Tracks Commercial Real Estate’s Impact on US GDP
Total construction spending was up by an estimated 5.6% in 2023 and accounted for approximately 20.6% of total GDP. Continue Reading New Study Tracks Commercial Real Estate’s Impact on US GDP
Harbor Group International Acquires Colorado Multifamily Portfolio
With these acquisitions, the company now owns 10 real estate assets in Colorado. Continue Reading Harbor Group International Acquires Colorado Multifamily Portfolio
Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
“Predicate offenses for money laundering through real estate continue to involve domestic and transnational activity,” said the Treasury report. Continue Reading Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
Mortgage Applications Up While Most Americans Expect Lower Rates
The Fannie Mae Home Purchase Sentiment Index increased 3.5 points in January to 70.7, its highest level since March 2022. Continue Reading Mortgage Applications Up While Most Americans Expect Lower Rates
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