U.S. Housing Market
Home Flipping Activity at 5-Year Low
The typical flipped home netted $65,981 in gross profit, down from $77,000 in 2024. , Continue Reading Home Flipping Activity at 5-Year Low
eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
“If a home is being marketed to the public, consumers deserve the opportunity to see it,” said Leo Pareja, CEO of eXp Realty. Continue Reading eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
Wisconsin Home Sales Rise Despite Decline in New Listings
The median price for December was $312,750, up by 2.5% from one year earlier. Continue Reading Wisconsin Home Sales Rise Despite Decline in New Listings
Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Ginnie Mae added that its financing benefited approximately 1.4 million households, out of which an estimated 43.9% were first-time homeowners. Continue Reading Ginnie Mae Reports $526.4 Billion MBS Issuance for FY 2025
Virginia Home Sales Up 7.3% in December
Virginia’s median sales price was $415,000, up $1,510 from last year for an increase of less than 1%. Continue Reading Virginia Home Sales Up 7.3% in December
Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. Continue Reading Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Former Home of Gambino Crime Family Boss Listed for $18 Million
The property last changed hands in 2000 for $3.1 million. Continue Reading Former Home of Gambino Crime Family Boss Listed for $18 Million
Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
The record high for newly built single-family homes for sale was 34.4% set the start of 2022. Continue Reading Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
New Fund Focuses on BTR Communities in Opportunity Zones
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns,” said Jeff Feinstein, managing partner at Pinnacle Partners. Continue Reading New Fund Focuses on BTR Communities in Opportunity Zones
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year
