U.S. Housing Market Updates
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Hits and Misses for the Real Estate Week of Aug. 18-22
Cape Cod considers a mansion tax, Baltimore considers raising taxes on vacant lots, and a retail chain will not consider opening stores in California. Continue Reading Hits and Misses for the Real Estate Week of Aug. 18-22
Virginia Home Sales Up 2.4%
The statewide median sales price in July was $435,000, a $9,000 increase for a 2.1% year-over-year bump-up. Continue Reading Virginia Home Sales Up 2.4%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Simmons acquired the property for $670,000 in the early 1980s when his celebrity status began to rise. Continue Reading Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6
New Bill Would Ban Hedge Funds from Owning Single-Family Homes
“The housing in our neighborhoods should be homes for people, not profit centers for Wall Street,” said Sen. Jeff Merkley. Continue Reading New Bill Would Ban Hedge Funds from Owning Single-Family Homes
Redfin Launches AI-Powered Tool to Redesign Listing Photos
The new feature is available for all active Redfin listings and eligible sold Redfin listings in the U.S. on Redfin.com and iPhone. Continue Reading Redfin Launches AI-Powered Tool to Redesign Listing Photos
Mortgage Rates Continue to Plummet
“The 30-year fixed-rate mortgage averaged near 7%, down from nearly 7.80% just six weeks ago,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Plummet
Utah’s Governor Proposes Building 35,000 Starter Homes by 2028
“Our kids will never be able to call Utah home if we don’t start building starter homes again,” said Gov. Spencer Cox. Continue Reading Utah’s Governor Proposes Building 35,000 Starter Homes by 2028
California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets
“Some parts of the country continue to pop up on the radar as places to watch for signs of housing-market drop-offs, based on key quarterly measures,” said Rob Barber, CEO at ATTOM. Continue Reading California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets
Fannie Mae: Only 14% of Americans Think It’s a Good Time for Home Buying
More Americans now believe mortgage rates are heading down in the next 12 months. Continue Reading Fannie Mae: Only 14% of Americans Think It’s a Good Time for Home Buying
Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Board members include Kamini Lane of Coldwell Banker Realty and Kevin Peranio of PRMG Inc. Continue Reading Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Alliant Credit Union Expands Mortgage Offerings
“Helping Americans achieve their financial goals, including homeownership, is at the core of Alliant’s mission,” said Dan Bauer, head of residential lending. Continue Reading Alliant Credit Union Expands Mortgage Offerings
Johnny Damon Lists Amenity-Packed Florida Estate for $30 Million
The residence has nine bedrooms and 15 bathrooms, along with two kitchens, three guest apartments and a two-story closet. Continue Reading Johnny Damon Lists Amenity-Packed Florida Estate for $30 Million
Harbor Group International Acquires Multifamily Community in Suburban Atlanta
“As a new development with high-quality amenities, we expect The Statesman to garner a strong renter base,” said HGI’s Yisroel Berg. Continue Reading Harbor Group International Acquires Multifamily Community in Suburban Atlanta
