U.S. Housing Market Updates
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Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Corcoran acquired the property in 2015 for $10 million and spent $2 million over the years to renovate it. Continue Reading Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Hits and Misses for the Real Estate Week of Oct. 6-10
An update on the cause of the Palisades Fire, Hunter Biden’s bizarre Romanian real estate deal, and a once-prominent pharmacy chain comes to an end. Continue Reading Hits and Misses for the Real Estate Week of Oct. 6-10
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Indiana Home Sales Up 9% From One Year Ago
Last month’s median price of $275,000 was unchanged from June and 5% above the price in July 2024. Continue Reading Indiana Home Sales Up 9% From One Year Ago
Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
“Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S. property,” said Yuval Golan, founder and CEO of Waltz. Continue Reading Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
At $1.3 million, Chinese buyers had the highest average purchase price. Continue Reading Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
Single-Family Housing Starts Down in June
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Continue Reading Single-Family Housing Starts Down in June
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Why did the USPS wait until now to realize that it had “certain surplus properties” that is could have jettisoned? Continue Reading A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Builder Confidence Drops to 7-Month Low
NAHB Chief Economist Robert Dietz predicted “Fed rate reductions to begin at the end of this year.” Continue Reading Builder Confidence Drops to 7-Month Low
Real Estate Leaders Push Back at Biden’s Rent Control Proposals
MBA’s Bob Broeksmit slammed Biden’s “politically motivated and self-defeating” proposals. Continue Reading Real Estate Leaders Push Back at Biden’s Rent Control Proposals
The Best and Worst Cities for First-Time Homebuyers Are…
Eight of the 10 worst cities for first-time homebuyers were in California. Continue Reading The Best and Worst Cities for First-Time Homebuyers Are…
Zillow: Price Cuts on One-in-Four Listings in June
Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020
The median home-sale price in swing states has increased nearly 40% since 2020. Continue Reading Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020
