U.S. Housing Market
Oracle’s Larry Ellison Sells San Francisco Property in Off-Market $45 Million Deal
The 10,742-square-foot property was built 1958 and was acquired by Ellison around 1988 for $3.9 million. Continue Reading Oracle’s Larry Ellison Sells San Francisco Property in Off-Market $45 Million Deal
Coastal Florida and LA Metro Area Top List of 2025’s Most Expensive Home Sales
2200 Gordon Dr. in Naples, Florida, was the most expensive home sale of the year at $133 million. Continue Reading Coastal Florida and LA Metro Area Top List of 2025’s Most Expensive Home Sales
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
California’s Median Home Price Sets New Record High
The statewide unsold inventory index 2.6 months in May, unchanged from April and up from 2.1 months in May 2023. Continue Reading California’s Median Home Price Sets New Record High
Maryland Home Sales Down 3.4% During May
“The housing stats for May read like a spring housing market in the midst of an inventory crisis,” said Chris Hill, 2024 president of Maryland Realtors. Continue Reading Maryland Home Sales Down 3.4% During May
Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
During 2022, 1.4 million homes were built, but the number of U.S. families increased by 1.8 million that year. Continue Reading Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
Redfin: Home Price Acceleration Has Cooled
On a year-over-year basis, home prices were up by 7.2%. Continue Reading Redfin: Home Price Acceleration Has Cooled
Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
The 290-unit, three-story community was built in 1997. Continue Reading Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
The Ohio Republican responded to anti-Trump comments by a financial journalist. Continue Reading Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
Multifamily Developer Wood Partners Enters RI and NH Markets
Both properties are expected to deliver their first units in the Spring of 2025. Continue Reading Multifamily Developer Wood Partners Enters RI and NH Markets
Real Estate Investor Fights $180K Fine for Illegal Airbnb at Las Vegas Property
Xin Tao said the city was aware of the unauthorized Airbnb usage as early as October 2021. Continue Reading Real Estate Investor Fights $180K Fine for Illegal Airbnb at Las Vegas Property
Hits and Misses for the Real Estate Week of June 10-14
An update to the VA home loan program, the CFPB trying to help mortgage originators and Jack in the Box marching into Georgia top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of June 10-14
Upstate NY Island with Celebrity Past Listed for Nearly $3 Million
The property was once owned by actress/model Brooke Shields. Continue Reading Upstate NY Island with Celebrity Past Listed for Nearly $3 Million
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