U.S. Housing Market Updates
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Knock Closes on $100 Million Securitization
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Acres.com Debuts Tool to Track Residential Market Growth
The tool can identify the people behind holding companies and shell entities involved in land deals. Continue Reading Acres.com Debuts Tool to Track Residential Market Growth
Office-to-Residential Conversion Begins on DC Property
The eight-story, 536,000-square-foot office building opened in 1992 and will become an 11-story, 658,000-square-foot modern apartment building. Continue Reading Office-to-Residential Conversion Begins on DC Property
265-Unit Seattle Multifamily Community is Acquired for $173 Million
The 16-story Danforth was constructed in 2018 at the intersection of Seattle’s First Hill and Capitol Hill neighborhoods. Continue Reading 265-Unit Seattle Multifamily Community is Acquired for $173 Million
Housing Report Finds Most At-Risk Counties in California and New Jersey
More than half (27) of the 50 least at-risk counties in the analysis were in Southern states. Continue Reading Housing Report Finds Most At-Risk Counties in California and New Jersey
New Home Sales Down in November
The median sales price of new houses sold in November was $434,700 and the average sales price was $488,900. Continue Reading New Home Sales Down in November
New York State’s Inventory of Homes for Sale at Record Low
The state’s median sales prices were up for the fourth consecutive month in year-over-year comparisons. Continue Reading New York State’s Inventory of Homes for Sale at Record Low
Pennsylvania Home Prices Inch Up While Sales and Inventory Decline
“The median sales prices have displayed remarkable stability this year,” said PAR President Al Perry. Continue Reading Pennsylvania Home Prices Inch Up While Sales and Inventory Decline
New VP at Planet Home Lending to Focus on Construction Loans
Melony Harpe will work with the company’s mortgage loan officers to increase their sales of new home construction loans. Continue Reading New VP at Planet Home Lending to Focus on Construction Loans
Florida’s Housing Market Enjoyed a Robust November
Florida had a 3.7-months’ supply of single-family existing homes last month, up 32.1% year-over-year. Continue Reading Florida’s Housing Market Enjoyed a Robust November
Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development
The six affordable studio units are set at an area median income range of 130% at $2,600 monthly rent, Continue Reading Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development
Mortgage Rates Fall Further Away From 7%
The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95% Continue Reading Mortgage Rates Fall Further Away From 7%
MBA: Median Mortgage Payments Drop by $62 in November
“Homebuyer affordability improved in November, with a decline in mortgage rates providing relief to prospective homebuyers,” said MBA’s Edward Seiler. Continue Reading MBA: Median Mortgage Payments Drop by $62 in November
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
As for those who did move away, 47% of millennials and Gen Zers said would consider returning to where they grew up and have family. Continue Reading Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
Report Finds Affordable Homeownership Remained Elusive in Q4
The new report found major expenses on median-priced homes consume 33.7% of the average national wage in the fourth quarter. Continue Reading Report Finds Affordable Homeownership Remained Elusive in Q4















