U.S. Housing Market
Home Sale Cancellation Rate Holds Steady at 13.6%
In Atlanta, 18.8% of home-purchase agreements were canceled in May, the highest share among the 50 most populous metros with sufficient data. Continue Reading Home Sale Cancellation Rate Holds Steady at 13.6%
Report: Elevated Credit Inquiry Velocity is Top Fraud Risk Indicator for Rental Applications
TransUnion analyzed more than 1.1 million renters who moved during 2024 and tracked charge-offs within one year after moving as a proxy for fraud-related risk. Continue Reading Report: Elevated Credit Inquiry Velocity is Top Fraud Risk Indicator for Rental Applications
Foreclosure Filings Down Month-Over-Month But Continue Rising Year-Over-Year
“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” said Rob Barber, CEO at ATTOM. Continue Reading Foreclosure Filings Down Month-Over-Month But Continue Rising Year-Over-Year
Median Sold Price in Mid-Atlantic Region Hits Record High
“While inventory is increasing, there are some markets where supply is still not keeping pace with demand,” said Bright MLS Chief Economist Lisa Sturtevant. Continue Reading Median Sold Price in Mid-Atlantic Region Hits Record High
Alec Baldwin Tries Another Price Cut to Sell His Hamptons Estate
The five-bedroom, 5.5-bathroom residence in Amagansett, New York was first listed for $29 million in 2022. Continue Reading Alec Baldwin Tries Another Price Cut to Sell His Hamptons Estate
Century Communities Debuts Gated Community Outside of Atlanta
Pricing begins from the low $500,000s. Continue Reading Century Communities Debuts Gated Community Outside of Atlanta
76 Representatives Call on House Leadership to Drop Build-to-Rent Provision from Senate Housing Bill
The representatives cited a forecast from the Urban Institute warning the provision could “decrease the number of rental units built each year by at least 72,000.” Continue Reading 76 Representatives Call on House Leadership to Drop Build-to-Rent Provision from Senate Housing Bill
Hits and Misses for the Real Estate Week of April 20-24
The Tampa Bay Rays demand $1 billion for their new stadium, two pairs of regional realtors’ groups merge, and starter homes lose their appeal. Continue Reading Hits and Misses for the Real Estate Week of April 20-24
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
Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
The Committee to Abolish Property Tax in Ohio needs to secure more than 413,000 signatures from at least half of Ohio’s 88 counties by July 1. Continue Reading Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
Lennar Debuts New Central Oregon Community
Pricing starts in the high $300,000s. Continue Reading Lennar Debuts New Central Oregon Community
Foreclosure Auction Volume at 6-Year High
26 Metropolitan Statistical Areas (MSAs), or 27%, recorded higher foreclosure sales rates than one year ago. Continue Reading Foreclosure Auction Volume at 6-Year High
Mortgage Rates Down for Third Straight Week
Sam Khater, Freddie Mac’s chief economist, observed, “Rates currently stand at their lowest level in the last three spring homebuying seasons.” Continue Reading Mortgage Rates Down for Third Straight Week
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