U.S. Housing Market
Illinois Home Sales Down Slightly Year-Over-Year
The monthly median price of $326,000 was 5.2% higher than the $310,000 price from one year before. Continue Reading Illinois Home Sales Down Slightly Year-Over-Year
Wells Fargo to Provide Financing for Icon’s 3D Printed Homes
Wells Fargo’s support could provide a boost for the 3D printed home market, which has traditionally struggled to obtain mortgage financing. Continue Reading Wells Fargo to Provide Financing for Icon’s 3D Printed Homes
Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million
Bascom plans to complete lease-up of the property and implement institutional-grade management through Cushman & Wakefield. Continue Reading Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million
Survey: Most Home Sellers Are Optimistic About a Profitable Spring
The survey found 74% of respondents stating now is a good time to sell, while 83% of potential sellers expected to get their asking price or more this spring. Continue Reading Survey: Most Home Sellers Are Optimistic About a Profitable Spring
Mortgage Applications for New Home Purchases at 14-Year High
“Government applications, which include FHA, VA, and USDA/RHS loans, accounted for more than half of applications received,” said MBA’s Joe Kan. Continue Reading Mortgage Applications for New Home Purchases at 14-Year High
Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
The French chateau-style residence in Silicon Valley enclave of Hillsborough was built in 1929. Continue Reading Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
Manhattan’s Rental Market Breaks New Price Record
Among property types, studio apartments in Manhattan recorded the greatest rent increase with a 9.5% year-over-year surge to an average of $3,400. Continue Reading Manhattan’s Rental Market Breaks New Price Record
Builder Confidence Sinks to Lowest Level Since December 2022
“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Sinks to Lowest Level Since December 2022
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
Report: Typical Down Payment Level Down for First Time in Nearly 2 Years
Redfin attributed the drop in down payment levels to a slightly higher share of homebuyers using FHA and VA loans, which require lower down payments. Continue Reading Report: Typical Down Payment Level Down for First Time in Nearly 2 Years
Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate
Lizzo acquired the 0.32-acre property from singer Harry Styles in 2022 for $15 million. Continue Reading Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate
Hits and Misses for the Real Estate Week of June 9-13
The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. Continue Reading Hits and Misses for the Real Estate Week of June 9-13
New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
“Clearly, our taxpayers are telling us across Ohio that the current status quo is not working,” said Rep. David Thomas. Continue Reading New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
Recent Posts
Minneapolis Mayor Frey Proposes 11.3% Property Tax Hike- Washington Commanders Select Joint Venture to Construct New DC Stadium
- New Forecast Points to Increased Multifamily Rent Growth
- Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston
- Former NYC Developer Joshua Schuster Sentenced for Defrauding Investors
