U.S. Housing Market
Maine Home Sales Surged 7.31% in June
“The highest statewide for-sale inventory in 70-months (5,667) resulted in a strong sales period during June,” says Judy Oberg, 2026 president of the Maine Association of Realtors. Continue Reading Maine Home Sales Surged 7.31% in June
Existing Home Sales Down 2.4% in June
Regionally, only the Northeast recorded a month-over-month sales increase while the Midwest, South and West experienced declining activity. Continue Reading Existing Home Sales Down 2.4% in June
Elon Musk’s Former Bel Air Estate Listed at Nearly $50 Million
The listed residence was built in 1990 and has seven bedrooms, 13 bathrooms, a two-story library, a temperature-controlled 1,000-bottle wine cellar and a state-of-the-art fitness center. Continue Reading Elon Musk’s Former Bel Air Estate Listed at Nearly $50 Million
Ex-Florida Appraiser Sentenced to 20 Years for Bank Fraud
Armando Martinez previously pleaded guilty to the charges against him. Continue Reading Ex-Florida Appraiser Sentenced to 20 Years for Bank Fraud
Report: 1 in 5 Homebuyers Are Gen Z
This youthful generation represents nearly one-third of all first-time homebuyer loans and 27% of FHA purchase lending. Continue Reading Report: 1 in 5 Homebuyers Are Gen Z
HUD Proposes Updating the Definition of Manufactured Home for Multistory Construction
The comment period on the proposed rule ends on Aug. 11. Continue Reading HUD Proposes Updating the Definition of Manufactured Home for Multistory Construction
Joint Venture to Convert DC Office Property into Multifamily Community
The financial terms of the project were not disclosed. Continue Reading Joint Venture to Convert DC Office Property into Multifamily Community
New Orleans Leads the Nation with Greatest Share of Single Women Homebuyers
The most expensive housing markets generally performed the worst in this study. Continue Reading New Orleans Leads the Nation with Greatest Share of Single Women Homebuyers
National Median Asking Rent Down for 34th Straight Month
Las Vegas led the nation as the metro with the greatest level of renter loyalty. Continue Reading National Median Asking Rent Down for 34th Straight Month
Report: 242 Cities Have Starter Homes Valued at $1 Million and Up
“Million-dollar starter homes are popping up in more Northeast cities because the housing shortage there hasn’t been solved,” said Kara Ng, senior economist at Zillow. Continue Reading Report: 242 Cities Have Starter Homes Valued at $1 Million and Up
Builder Confidence Remains Weak Amid Affordability Concerns
The latest HMI survey also revealed that 35% of builders cut prices in June, up from 32% in May. Continue Reading Builder Confidence Remains Weak Amid Affordability Concerns
Boston Suburb Sues Massachusetts to Block 180-Unit Housing Development
The town of Wellesley, with a population of roughly 30,000, is arguing the 5-acre parking lot at MassBay Community College does not qualify for conversion into housing. Continue Reading Boston Suburb Sues Massachusetts to Block 180-Unit Housing Development
Indiana Tops the Realtor.com Affordability & Homebuilding Report Card Rankings
New York, Massachusetts, Rhode Island, Hawaii, Connecticut and California all carried F grades for the second consecutive year. Continue Reading Indiana Tops the Realtor.com Affordability & Homebuilding Report Card Rankings
Q1 Title Insurance Premiums Totaled $4.5 Billion
The title insurance industry paid nearly $151 million in claims during the first quarter, down from about $161 million in claims paid during the same period one year earlier. Continue Reading Q1 Title Insurance Premiums Totaled $4.5 Billion
Hits and Misses for the Real Estate Week of June 8-12
A new CFPB director is named, New York City nuns address the affordable housing shortage, and Alec Baldwin tries once more to sell his Hamptons estate. Continue Reading Hits and Misses for the Real Estate Week of June 8-12
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