U.S. Housing Market
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Corcoran acquired the property in 2015 for $10 million and spent $2 million over the years to renovate it. Continue Reading Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Hits and Misses for the Real Estate Week of Oct. 6-10
An update on the cause of the Palisades Fire, Hunter Biden’s bizarre Romanian real estate deal, and a once-prominent pharmacy chain comes to an end. Continue Reading Hits and Misses for the Real Estate Week of Oct. 6-10
Mid-Atlantic Home Sales Up 6.2% Year-Over-Year
The median sold price in the Bright MLS Mid-Atlantic region was $419,900 Continue Reading Mid-Atlantic Home Sales Up 6.2% Year-Over-Year
San Jose to Allow Homeowners to Sell ADUs
San Jose’s ADU sales will begin on July 18. Continue Reading San Jose to Allow Homeowners to Sell ADUs
MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
The average loan size for new homes decreased from $405,490 in April to $400,150 in May. Continue Reading MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
Chris Pratt Slashes Price on Pacific Palisades Estate
Pratt’s residence was featured on the Netflix series “Get Organized with the Home Edit.” Continue Reading Chris Pratt Slashes Price on Pacific Palisades Estate
Lennar Opens New Townhome Community in Miami
Pricing starts in the $400,000s. Continue Reading Lennar Opens New Townhome Community in Miami
Mortgage Rates Continue to Slip
The 30-year fixed-rate mortgage averaged 6.95% as of June 13. Continue Reading Mortgage Rates Continue to Slip
The Most At-Risk Housing Markets Are…
22 of the 50 markets considered least likely to decline were based in Virginia, Wisconsin and Tennessee. Continue Reading The Most At-Risk Housing Markets Are…
More Homes Are Being Listed, But Where Are the Buyers?
Zillow is reporting new listings of houses rose by nearly 13% from one year ago. Continue Reading More Homes Are Being Listed, But Where Are the Buyers?
Mortgage Application Activity Catches an Upswing
The Refinance Index spiked by 28% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Catches an Upswing
Foreclosure Filings Record 3% Monthly Uptick in May
New Jersey led the states with one in every 1,939 housing units with a foreclosure filing. Continue Reading Foreclosure Filings Record 3% Monthly Uptick in May
VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees
Traditionally, buyer-broker fees were not paid under the VA home loan program. Continue Reading VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees
Recent Posts
Hits and Misses for the Real Estate Week of April 6-10- NAR in $52.2 Million Settlement of Tuccori Commissions Lawsuit
- First-Time Homebuyers Accounted for 21% of the Texas Housing Market
- Mid-Atlantic Region Records Spike in Listings
- Portrait Bank, Central Florida’s First De Novo Bank in Nearly 10 Year…
