U.S. Housing Market
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
NYC Mayor Mamdani Unveils ‘Block by Block’ Housing Plan
“At a moment when working people are being pushed out of the city they built, New York cannot afford half-measures or delays,” said Mamdani. Continue Reading NYC Mayor Mamdani Unveils ‘Block by Block’ Housing Plan
Luxury Home Prices Up by Nearly 4%
New listings of luxury homes rose 2% year-over-year during the three months ending April 30, compared with a 0.6% gain in non-luxury new listings. Continue Reading Luxury Home Prices Up by Nearly 4%
New Data Reports Point to Slowing in Home Price Acceleration
The Federal Housing Finance Agency reported its seasonally adjusted House Price Index recorded a scant 0.1% uptick from February to March. Continue Reading New Data Reports Point to Slowing in Home Price Acceleration
15% of Home Purchase Agreements Fell Through in July
San Antonio led the nation with 730 aborted home-purchase agreements in July, equal to 22.7% of homes that went under contract last month. Continue Reading 15% of Home Purchase Agreements Fell Through in July
Zombie Properties on the Rise
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market,” said Rob Barber, CEO of ATTOM. Continue Reading Zombie Properties on the Rise
Single-Family Built-for-Rent Construction Down in Q2
Approximately 12,000 SFBFRs were started, down from 25,000 starts in the second quarter of 2024. Continue Reading Single-Family Built-for-Rent Construction Down in Q2
REMAX: Homes Sales Steady, But Taking Longer to Sell
The median sales price in July was $450,000, down 1.1% from June. Continue Reading REMAX: Homes Sales Steady, But Taking Longer to Sell
New Joint Venture to Develop Charlotte-Area Townhome Rental Community
The project is expected to be completed by August 2027. Continue Reading New Joint Venture to Develop Charlotte-Area Townhome Rental Community
ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
ALTA has also updated its Best Practices framework to help title agents better identify emerging versions of these crimes. Continue Reading ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
Mortgage Application Activity Down Slightly
Among the federal program, the FHA share of total applications increased to 19.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Down Slightly
The Best Housing Markets? Two New Data Reports Offer Different Opinions
Realtor.com and WalletHub offer rival data reports. Continue Reading The Best Housing Markets? Two New Data Reports Offer Different Opinions
Kentucky Home Sales Up During July
July’s median sales price of $279,900 marked a 1.81% decline from June, but it was also 5.6% higher than July 2024’s price. Continue Reading Kentucky Home Sales Up During July
America’s Most Expensive ZIP Code Is…
The top ranked Fisher Island section of Miami Beach’s $11.9 million median listing price is more than 27 times the national median. Continue Reading America’s Most Expensive ZIP Code Is…
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