Pending home sales surged by in March, marking the greatest month-to-month increase since December 2023. The National Association of Realtors’ (NAR) Pending Home Sales Index was up by 6.1% month-over-month to a reading of 76.5 in March; an index of 100 is equal to the...
Mortgage application activity weakened during the week ending April 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.2% on a seasonally adjusted basis from...
American homeowners, on average, pay $671 out of pocket for emergency sewer repairs, with one in 12 spending over $2,000. According to a new data report from Guardian Service, 76% of homeowners underestimate the cost of major plumbing repairs, assuming it will be...
The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for, according to a data report from Redfin (NASDAQ: RDFN), which noted this was biggest gap between asking and sales prices since May 2020. During March, Redfin determined...
The US homeownership rate of during the first quarter was 65.1%, according to data from the US Census Bureau. This is slightly below the 65.7% rate in the fourth quarter of 2024 and the 65.6% rate in the first quarter of 2024. The first quarter homeownership rate was...
New York City Advances Nearly 4,000-Home Lower Manhattan Redevelopment
