U.S. Housing Market
Florida’s Closed and Pending Home Sales Increased in May
May marked the ninth month in a row that closed sales rose year-over-year in both property categories. Continue Reading Florida’s Closed and Pending Home Sales Increased in May
Single-Family Housing Starts Dropped 1.9% in May
“The decline in housing starts aligns with NAHB’s latest builder survey, which showed builder sentiment weakening further in June,” said Bill Owens, chairman of the National Association of Home Builders. Continue Reading Single-Family Housing Starts Dropped 1.9% in May
Virginia Home Sales Up Nearly 9%
There were 14,846 new listings in March, up 6.7% from last year. Continue Reading Virginia Home Sales Up Nearly 9%
MRED Takes Private Listing Network National with Boost by Compass
“Giving homeowners choice in marketing their listings is the right thing to do,” said Compass International Holdings Chairman and CEO Robert Reffkin. Continue Reading MRED Takes Private Listing Network National with Boost by Compass
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
The foreclosure inventory rose to 273,000 in March, up from 213,000 a year ago, marking the largest such volume since February 2020. Continue Reading Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Redfin blamed the slowing of multifamily construction on a combination of flattening rents and higher borrowing costs. Continue Reading Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Century Communities Unveils New Atlanta-Area Community
The new community will feature nearly 100 single-family homes priced from the low $300,000s. Continue Reading Century Communities Unveils New Atlanta-Area Community
Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million
The auction will take place on-site at San Juliette on May 17 at 11:00 a.m. PDT. Continue Reading Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million
Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents
The company said its policy shift was designed to provide fair access to inventory. Continue Reading Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents
The State with the Greatest Increase in Mortgage Debt Is…
Vermont was the only state with an increase above 2%. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
Mortgage Rates Continue Their Decline
The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. Continue Reading Mortgage Rates Continue Their Decline
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Five of the 10 markets with the highest required incomes to afford a home are in California. Continue Reading Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
New Rent Hikes Coming to NYC’s Stabilized Apartments
The rent hikes will take effect on or after Oct. 1. Continue Reading New Rent Hikes Coming to NYC’s Stabilized Apartments
Pending Home Sales Jump by 6.1%
Year-over-year, pending transactions were down by a mild 0.6%. Continue Reading Pending Home Sales Jump by 6.1%
The Best Months for Selling a Home Are…
As for the best days of the year to sell a home, ATTOM concluded May 27 was the top choice on the calendar. Continue Reading The Best Months for Selling a Home Are…
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