Roughly one of five (17.8%) homes that sold in San Francisco during the three months ending Feb. 29 was sold at a loss, according to new data from Redfin (NASDAQ:RDFN). This is comparable to the 17.9% share recorded during the three months ending Jan. 31, which was...
The Federal Trade Commission (FTC) has begun distributing nearly $62 million in refunds to home sellers who fell victim to the fraudulent marketing claims made by online real estate business Opendoor Labs Inc. According to an August 2022 complaint filed by the FTC,...
The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
Twelve of the nation’s 15 most overpriced housing markets are in Sun Belt states, according to February data from the Top 100 U.S. Housing Markets published by Florida Atlantic University and Florida International University. The new data report crowned Atlanta as the...
Mortgage credit availability increased last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 1.1% in March to 93.9; the index was benchmarked to 100 in March 2012. The...
BCB Bancorp Sells $205.3 Million in Problem Loans, Takes $43.3 Million Loss
