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Report: Typical Household Needs 7 Years to Save for a Down Payment
In many expensive coastal metros, saving for a typical down payment can take 20 to more than 35 years. Continue Reading Report: Typical Household Needs 7 Years to Save for a Down Payment
Pending Home Sales Up 3.3%
On a regional measurement, pending home sales were up month-over-month and year-over-year in the Northeast, Midwest, South, and West. Continue Reading Pending Home Sales Up 3.3%
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Mark E. Patten to Become CFO at Sun Communities
Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the company. Continue Reading Mark E. Patten to Become CFO at Sun Communities
Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
Aspen was home to four of the 10 most expensive home sales of November. Continue Reading Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
California Home Sales at 3-Year High
November also saw the statewide median home price drop by 3.9% from $886,960 in October to $852,680 in November. Continue Reading California Home Sales at 3-Year High
Stacey Onnen Named President at HomeSmart
“We are pleased to welcome Stacey to HomeSmart at such an important time in our growth,” said Matt Widdows, founder and CEO of HomeSmart. Continue Reading Stacey Onnen Named President at HomeSmart
Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Fox News first reported the story, culling its information from an unnamed “source close to the Federal Housing Finance Agency.” Continue Reading Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
The rejections were based on compliance with guidelines included in new legislation that went into effect earlier this year. Continue Reading Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
FICO Debuts Program to Sell Credit Scores Directly to Lenders
“Today marks a turning point in how credit scores are delivered and priced across the mortgage industry,” said Will Lansing, CEO of FICO. Continue Reading FICO Debuts Program to Sell Credit Scores Directly to Lenders
Ground Broken for New 10,000-Seat Arena in Reno
The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. Continue Reading Ground Broken for New 10,000-Seat Arena in Reno
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
CMBS Delinquency Rate Falls After 6 Months of Increases
Year-over-year, the overall CMBS delinquency rate is up 153 basis points from 5.70% Continue Reading CMBS Delinquency Rate Falls After 6 Months of Increases
Luxury Home Sales Rise While Sales Activity Declines
“Sales have slowed across all price tiers, and luxury homes are no exception,” said Redfin Senior Economist Sheharyar Bokhari. Continue Reading Luxury Home Sales Rise While Sales Activity Declines
FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
