U.S. Housing Market Updates
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Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
“When people truly understand the process, they will succeed,” said Beeston. Continue Reading Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
$110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
The Spelling Manor’s $110 million sale price was far greater than the runner-up on the list, a $51 million transaction in Delray Beach, Florida. Continue Reading $110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April
California City Repurposes Hotel into Multifamily Complex for Homeless Residents
“Housing stability is vital to the independence of individuals experiencing homelessness,” said Baldwin Park Mayor Emmanuel J. Estrada. Continue Reading California City Repurposes Hotel into Multifamily Complex for Homeless Residents
A Phil Hall Op-Ed: Biden Remembers the Housing Market
At no point in his presidency has Biden made a single speech related to homeownership. Continue Reading A Phil Hall Op-Ed: Biden Remembers the Housing Market
Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
Mike Rawls, CEO at Xome, said “Creating this game is a great example of the type of innovations Xome is bringing to the market.” Continue Reading Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
The trade group also predicted purchase originations will increase 11% to $1.47 trillion next year. Continue Reading MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
“I’m telling you something you already know: the rate of inflation in housing prices is similarly down from its peak levels,” he said. Continue Reading Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
Navy Federal Credit Union Wins MBA’s Residential Educator Award
Navy Federal Credit Union is the world’s largest credit union with $165.2 billion in assets and 13 million members. Continue Reading Navy Federal Credit Union Wins MBA’s Residential Educator Award
MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
“This madness must stop before it’s too late,” he said. Continue Reading MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
Hits and Misses for the Real Estate Week of Oct. 9-13
Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. Continue Reading Hits and Misses for the Real Estate Week of Oct. 9-13
HUD Allocates $212 Million to Expand Housing for Very-Low Income People with Disabilities
“This funding is a small but important part of HUD’s overall commitment to meeting the housing needs of all communities,” said HUD’s Ethan Handelman. Continue Reading HUD Allocates $212 Million to Expand Housing for Very-Low Income People with Disabilities















