U.S. Housing Market Updates
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Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
By the end of July, there were 23,804 listings available for sale across the Bright MLS service area, a 26.2% year-over-year spike. Continue Reading Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
Trump has recently met at the White House with several chief executives at major banks to discuss strategies for the privatization of Fannie Mae and Freddie Mac. Continue Reading Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
RE/MAX: April Home Sales Up 11.3%
April’s median sales price of $440,000 was $5,000 (1.2%) higher than March and $10,000 (2.3%) more than one year ago. Continue Reading RE/MAX: April Home Sales Up 11.3%
Diddy’s $61.5 Million LA Mansion Fails to Attract Buyer Interest
Last November, real estate investor Bo Belmont publicized his offer of $30 million for the property. Continue Reading Diddy’s $61.5 Million LA Mansion Fails to Attract Buyer Interest
Colorado Cities Sue State Over Housing Policies
The cities of Arvada, Aurora, Glendale, Greenwood Village, Lafayette and Westminster are in the lawsuit. Continue Reading Colorado Cities Sue State Over Housing Policies
Redfin Exits from National Association of Realtors
CEO Glenn Kelman said, “We love our industry. We’ve tried to love NAR. But enough is enough.” Continue Reading Redfin Exits from National Association of Realtors
Dave Portnoy Sets Massachusetts Real Estate Record with $42 Million Property Purchase
“Nantucket has always been my favorite place on earth,” said the Barstool Sports founder. Continue Reading Dave Portnoy Sets Massachusetts Real Estate Record with $42 Million Property Purchase
Hits and Misses for the Real Estate Week of Sept. 25-29
A cost-saving residential project in the wrong neighborhood, a retailer’s exit from high-crime cities and an old train caboose marketed as a home. Continue Reading Hits and Misses for the Real Estate Week of Sept. 25-29
Florida is Home to 7 of the 10 Most Overvalued Housing Markets
The Cape Coral metro is the most overvalued housing market, with buyers paying a 47.99% premium on the typical home. Continue Reading Florida is Home to 7 of the 10 Most Overvalued Housing Markets
Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area
Sunstone Two Tree now has nine BTR communities totaling close to 1,500 units in various stages of development in Arizona. Continue Reading Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%. Continue Reading Mortgage Rates at Highest Peak in Almost 23 Years
Three Frank Lloyd Wright Homes Now Listed for Sale
Two homes are being sold together in Michigan and the third is in Milwaukee. Continue Reading Three Frank Lloyd Wright Homes Now Listed for Sale
San Francisco Building Inspector Investigating ‘Sleeping Pods’ Start-Up
Brownstone Shared Housing has similar properties in the California cities Palo Alto, San Jose and Bakersfield. Continue Reading San Francisco Building Inspector Investigating ‘Sleeping Pods’ Start-Up
ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3
“The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans,” said ATTOM CEO Rob Barber. Continue Reading ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3
Fewer Pending Home Sales During August
“Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” said Lawrence Yun, NAR chief economist. Continue Reading Fewer Pending Home Sales During August
