U.S. Housing Market
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
Property Tax Measure Added to North Carolina’s November Ballot
All 30 Republicans in the Senate plus a single Democrat voted in favor of the resolution. Continue Reading Property Tax Measure Added to North Carolina’s November Ballot
Pennsylvania’s Median Home Sales Price Posts Third Straight Year-Over-Year Spike
Median home sale prices have jumped nearly 19% since the start of the year. Continue Reading Pennsylvania’s Median Home Sales Price Posts Third Straight Year-Over-Year Spike
Mortgage Rates Rise to 9-Month High
The 30-year fixed-rate mortgage averaged 6.51% as of May 21. Continue Reading Mortgage Rates Rise to 9-Month High
Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
California Home Affordability Improves Slightly From One Year Ago
For the state’s condo/townhome markets, only 25% of homebuyers were able to purchase those $670,000 median-priced residences. Continue Reading California Home Affordability Improves Slightly From One Year Ago
Three Out of Four Metro Areas Saw Q2 Home Price Increases
The national median single-family existing-home price reached a record high at $429,400. Continue Reading Three Out of Four Metro Areas Saw Q2 Home Price Increases
Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
By the end of July, there were 23,804 listings available for sale across the Bright MLS service area, a 26.2% year-over-year spike. Continue Reading Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
Trump has recently met at the White House with several chief executives at major banks to discuss strategies for the privatization of Fannie Mae and Freddie Mac. Continue Reading Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
Report: Cash-Out Refinances Fuels Most Refinancing Activity
The report also found tappable equity hit another record high during the second quarter. Continue Reading Report: Cash-Out Refinances Fuels Most Refinancing Activity
Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
The three-story, Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901. Continue Reading Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
Hits and Misses for the Real Estate Week of Aug. 4-8
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. Continue Reading Hits and Misses for the Real Estate Week of Aug. 4-8
Apartment Rent Growth Continues to Slow
July marked the sixth straight month of flat or negative monthly growth. Continue Reading Apartment Rent Growth Continues to Slow
Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low
Recent Posts
National Luxury Housing Threshold Down During August- Lawsuits Filed Against 9-Person Team Behind Texas Deed Theft Ring
- Report: Property Insurance Accounts for 9.6% of Average Mortgage Payment
- Existing Home Sales Slowed in August Despite a Nearly 7-Year Inventory High
- Jerome Powell Sells Maryland Mansion for $7.2 Million
