U.S. Housing Market Updates
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Virginia Home Sales Surge Amid Wider Inventory
The median sales price in Virginia was $446,144 in June, up by almost $15,000 for a 3.4% year-over-year uptick. Continue Reading Virginia Home Sales Surge Amid Wider Inventory
Alabama Home Sales Up 8.2%
Alabama’s median sales price last month was $233,458, a 1.4% increase from May and a 2% annual increase. Continue Reading Alabama Home Sales Up 8.2%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million
The Liberty has 55 townhomes and 187 apartments that range from 568 square feet to 1,536 square feet. Continue Reading 242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million
New Home Sales Up 7.4%
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
CRMLS Rejects NAR’s Delayed Marketing Policy
“It’s time to stop unnecessarily changing up the rules and to let agents and brokers get back to work,” said CRMLS. Continue Reading CRMLS Rejects NAR’s Delayed Marketing Policy
Flipped Homes Accounted for 9% of All Q1 Sales
The typical gross flipping profit in the first quarter was $56,000. Continue Reading Flipped Homes Accounted for 9% of All Q1 Sales
Realtor.com Revises Housing Forecast for Second Half of 2023
Realtor.com is now forecasting a 0.9% drop in median rents for the remainder of the year. Continue Reading Realtor.com Revises Housing Forecast for Second Half of 2023
Will This Become the Most Expensive Home Ever Sold?
Casa Encantada twice broke sales records, once in 1980 and again in 2000. Continue Reading Will This Become the Most Expensive Home Ever Sold?
Mortgage Application Activity Records Scant Uptick
MBA’s Builder Application Survey data for May saw applications for new home purchases were up by 8% from April. Continue Reading Mortgage Application Activity Records Scant Uptick
CVS Health Invests $8.4 Million in Maine Senior Housing Project
Fifteen of the units will have a preference for older adults who are known as “Long-Term Stayers” in the City of Portland’s homeless shelters. Continue Reading CVS Health Invests $8.4 Million in Maine Senior Housing Project
NYC Mansion with a Colorful History Listed at $13 Million
The nine-story townhouse encompasses 18,000 square feet, with nine bedrooms and 11 bathrooms. Continue Reading NYC Mansion with a Colorful History Listed at $13 Million
Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
“From an operational perspective, multifamily is pretty stable and strong,” said Dixon. Continue Reading Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million
The former president and his wife bought the property in 1913 and sold it 30 years later. Continue Reading Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million
California Home Sales Up in May
Single-family detached home sales were up 9.8% on a monthly basis from April to May. Continue Reading California Home Sales Up in May
New Homebuyer Assistance Program Aimed at HBCU and PBI Graduates
BMO also will offer current HBCU and PBI students a series of financial education classes. Continue Reading New Homebuyer Assistance Program Aimed at HBCU and PBI Graduates
