U.S. Housing Market
Median Asking Rent for Los Angeles County at 5-Year Low
The median asking rent is 9.6% below its 2022 peak, representing a monthly savings of $276 for the typical renter compared with peak pricing. Continue Reading Median Asking Rent for Los Angeles County at 5-Year Low
Work Halted on Another NYC Office-to-Residential Conversion Project
SL Green has scheduled its project to be completed in 2029. Continue Reading Work Halted on Another NYC Office-to-Residential Conversion Project
Mortgage Delinquency Rate Inches Up to 3.55%
The share of mortgages in active foreclosure reached 0.53% in June, the highest level in six years, as foreclosure activity continued to normalize. Continue Reading Mortgage Delinquency Rate Inches Up to 3.55%
The NRP Group Unveils Orlando-Area Affordable Housing Community
The community is designed for individuals and families earning between 30% and 70% of the Area Median Income (AMI). Continue Reading The NRP Group Unveils Orlando-Area Affordable Housing Community
New Home Sales Up 1.6% in June
The median sales price of new houses sold last month was $398,300. Continue Reading New Home Sales Up 1.6% in June
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
The Wall Street Journal reports the buyer was “a blond man dressed in black” who “declined to identify himself” the newspaper’s reporter. Continue Reading Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
Wright was commissioned by Seamour and Gertie Shavin to create the residence. Continue Reading Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
List Prices Record Steepest Annual Decline in 9 Years
“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” said Danielle Hale, chief economist at Realtor.com. Continue Reading List Prices Record Steepest Annual Decline in 9 Years
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
421-Unit Multifamily Community in NYC Suburb Sold to US-Japan Joint Venture for $237 Million
The Westchester County-based Carraway was completed in 2021 and features a mix of studio, one-bedroom and two-bedroom residences. Continue Reading 421-Unit Multifamily Community in NYC Suburb Sold to US-Japan Joint Venture for $237 Million
New Data Reports Find Mixed Results in April Home Price Activity
The FHFA reported April’s house prices were down nationwide by a scant 0.1% from the previous month but were up 2% from one year earlier. Continue Reading New Data Reports Find Mixed Results in April Home Price Activity
Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
Pending sales of luxury homes rose 5.2% year-over-year during the same period, which marked the largest gain since December 2024. Continue Reading Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
One- to three-family homes worth at least $5 million and co-ops and condominiums valued at $1 million or more are subject to the tax. Continue Reading NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los Angeles
The first project will be the conversion of the former LA World Trade Center, which will be re-branded as “Sky Castle.” Continue Reading New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los Angeles
