U.S. Housing Market
New Home Purchase Activity Slowed in May
The average loan size for new homes decreased from $378,384 in April to $372,825 in May. Continue Reading New Home Purchase Activity Slowed in May
California’s Median Home Price Breaks New Record
Total active listings declined on a year-over-year basis in 40 of the 53 counties tracked by CAR. Continue Reading California’s Median Home Price Breaks New Record
Mill Creek Residential Breaks Ground on Mixed-Use New Jersey Community
The first move-ins are anticipated for mid-2028. Continue Reading Mill Creek Residential Breaks Ground on Mixed-Use New Jersey Community
RentCafe Debuts ChatGPT App
“Our goal has always been to simplify the renting journey,” said Esther Bonardi, vice president of marketing at RentCafe. Continue Reading RentCafe Debuts ChatGPT App
National Average Apartment Rent for April at $1,730
On an annual basis, San Francisco continued to outperform by posting rent growth of +7.3%. Continue Reading National Average Apartment Rent for April at $1,730
NYC’s ‘Breakfast at Tiffany’s’ Townhouse Listed for $15 Million
The home’s owner, retired beverage industry executive Joseph Harkins, purchased the property 2015 for $7.4 million. Continue Reading NYC’s ‘Breakfast at Tiffany’s’ Townhouse Listed for $15 Million
California’s Median Home Price Hits New High
April marked the 15th consecutive month of annual gain in the state’s housing supply. Continue Reading California’s Median Home Price Hits New High
April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
2200 Gordon Dr. in Naples, Florida, sold for $133.2 million. Continue Reading April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
Lennar Unveils Luxury Townhome Community in South Tampa
Pricing begins in the high $500,000s. Continue Reading Lennar Unveils Luxury Townhome Community in South Tampa
Hits and Misses for the Real Estate Week of May 12-16
Canada’s unlikely new housing minister, two high profile property sales where the sellers took a big loss, and HUD’s commitment to Indian Country housing. Continue Reading Hits and Misses for the Real Estate Week of May 12-16
Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
The home last changed hands in 2003 for $2.2 million. Continue Reading Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
For homes that sold for $1 million or more in the first quarter, Redfin found the average buyer’s agent commission was 2.17%. Continue Reading Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
New NAR Study: Housing Affordability Gap Remains in Place
NAR found that households earning $100,000 annually can currently afford only 37.1% of home listings. Continue Reading New NAR Study: Housing Affordability Gap Remains in Place
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
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