U.S. Housing Market
New York State Housing Inventory Records 15th Straight Month of Annual Growth
The median sales price of $444,510 was a 3.4% upswing from the $430,000 price tag last May. Continue Reading New York State Housing Inventory Records 15th Straight Month of Annual Growth
New White Paper Highlights Housing Market Reactions to Demographic Shifts
lso considered is how slower housing demand growth could affect mortgage origination volumes, borrower equity accumulation, and credit performance. Continue Reading New White Paper Highlights Housing Market Reactions to Demographic Shifts
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Ownify Debuts Home Fund in Colorado
The Ownify Home Fund Colorado will allow qualified first-time buyers to buy their homes through a shared equity partnership rather than with mortgage debt. Continue Reading Ownify Debuts Home Fund in Colorado
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Simmons acquired the property for $670,000 in the early 1980s when his celebrity status began to rise. Continue Reading Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6
Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Office space will be preserved on the fourth and fifth floors. Continue Reading Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Las Vegas Home Sales Decline Amid Wider Listings
The median price for existing single-family homes in this market was $480,000, unchanged from one year earlier. Continue Reading Las Vegas Home Sales Decline Amid Wider Listings
Mortgage Rates in Mild Decline
The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. Continue Reading Mortgage Rates in Mild Decline
Wyoming Lawmakers Consider Abolishing Property Taxes
Sen. Bob Ide, a Republican, advocated for the ending of all property taxes – residential, commercial, industrial and personal. Continue Reading Wyoming Lawmakers Consider Abolishing Property Taxes
Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
19.1% of listings featured reduced prices, the highest share for any May since at least 2016. Continue Reading Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
Report: Fewer Home Purchase Loans During Q1
ATTOM found the total dollar value of loans was down by 18% to $478 billion. Continue Reading Report: Fewer Home Purchase Loans During Q1
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
Park Lamont and The Lumos were completed in 2024. Continue Reading Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
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