U.S. Housing Market
Manhattan’s Average Asking Rent Rises Over $5,600
Investment sales in Manhattan during the first half of the year totaled $582 million. Continue Reading Manhattan’s Average Asking Rent Rises Over $5,600
Indiana Realtors Secure $500,000 Grant to Assist State Residents Impacted by Recent Storms
Eligible homeowners and renters may apply for grants of up to $1,000 to assist with qualifying housing-related needs. Continue Reading Indiana Realtors Secure $500,000 Grant to Assist State Residents Impacted by Recent Storms
Kennedy Wilson Teams with Japanese Construction Firm on Atlanta-Area Multifamily Development
The approximately $139 million development is expected to welcome its first residents in 2028. Continue Reading Kennedy Wilson Teams with Japanese Construction Firm on Atlanta-Area Multifamily Development
Hits and Misses for the Real Estate Week of Aug. 24-28
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. Continue Reading Hits and Misses for the Real Estate Week of Aug. 24-28
The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
The mortgage market remains healthy overall, but FHA serious delinquencies have climbed sharply. John G. Stevens argues that the industry should understand why borrowers are struggling before today’s warning signs become tomorrow’s foreclosure statistics. Continue Reading The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
There Isn’t One U.S. Housing Market. We Need to Stop Talking Like There Is
U.S. home prices rose 2.1% nationally, but some states gained more than 8% while others declined. The national housing headline is telling only part of the story. Continue Reading There Isn’t One U.S. Housing Market. We Need to Stop Talking Like There Is
More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Non-QM lending is giving more borrowers a path to financing. That can be good for housing, but qualifying for a mortgage and being able to afford the home are two different things. Continue Reading More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Residential Property Vacancy Rate Holds Steady at 1.3%
Out of the country’s 104.6 million residential properties, 259,666 were in the foreclosure process during the third quarter. Continue Reading Residential Property Vacancy Rate Holds Steady at 1.3%
Alabama Home Sales Surge by 20% Year-Over-Year
The July median home price of $287,750 was up by $47,166 (or 19.6%) from one year before. Continue Reading Alabama Home Sales Surge by 20% Year-Over-Year
More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
More homes are hitting the market while fewer buyers are signing contracts, creating greater negotiating power for buyers who can still afford to purchase. Continue Reading More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Real REMAX is ending sales of new Motto Mortgage franchises just days after completing its combination, signaling an early change in the new company’s mortgage strategy. Continue Reading Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
AI and automated valuation tools are taking a larger role in mortgage lending. The technology can improve speed and efficiency, but borrowers need a practical way to address a valuation when the underlying property information or result is wrong. Continue Reading AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
Iowa Home Sales Down 16% in July
Median sales price came to $280,000 in July, a vibrant 10.7% increase over the $253,000 median sales price from the prior year. Continue Reading Iowa Home Sales Down 16% in July
268-Unit San Jose Apartment Complex Sells for $122 Million
The property offers a mix of studio, one- and two-bedroom apartments spanning 18 different floor plans. Continue Reading 268-Unit San Jose Apartment Complex Sells for $122 Million
Atlanta-Area Development Could Lose Proposed Rental Housing Unless It Snags an NHL Team
Atlanta has not had an NHL presence since 2011. Continue Reading Atlanta-Area Development Could Lose Proposed Rental Housing Unless It Snags an NHL Team
