U.S. Housing Market
Existing Home Sales Inched Up 0.5% in November
The median existing home price in November was $409,200 for all housing types, up 1.2% from one year ago ($404,400). Continue Reading Existing Home Sales Inched Up 0.5% in November
Mortgage Application Payments Down in November
“Affordability conditions have now improved for six straight months,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Down in November
Report: Apartment Rents Down Slightly in September
All regions posted month-over-month rent declines in September, most notably in the West with a -0.5% tumble. Continue Reading Report: Apartment Rents Down Slightly in September
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
$77 Million Aspen Home Sale Breaks Record for Colorado
A new record was set in the Colorado housing market with the $77 million sale of a 12,655-square-foot home on 60.78 acres of ranchland in Aspen. The Aspen Times reported the 8-bedroom, 11-bathroom home was purchased in a cash deal. The property, which was built in...
McShane Construction Tapped for New Affordable Housing Complex in Madison, Wisconsin
Canyons is one of two affordable housing projects McShane currently has underway for Lincoln Avenue Communities. Continue Reading McShane Construction Tapped for New Affordable Housing Complex in Madison, Wisconsin
CMG Financial Acquires Norcom Mortgage’s Retail Assets
CMG Financial, a mortgage banking firm headquartered in San Ramon, California, announced its retail acquisition of Norcom Mortgage of Hartford, Connecticut. The financial terms of the acquisition were not disclosed. The integration of Norcom Mortgage marks CMG's...
Redfin: Monthly Housing Payments Set New Record
“Housing costs are likely to continue going up for the near future,” said Redfin Economic Research Lead Chen Zhao. Continue Reading Redfin: Monthly Housing Payments Set New Record
Guest Opinion: The New York Fed Chief’s View of the Economy
We’re not seeing the types of risks in housing finance that we saw during the housing boom before the 2007-2008 financial crisis. Continue Reading Guest Opinion: The New York Fed Chief’s View of the Economy
Foreclosure Activity Inches Up During Q1
ATTOM also reported that 32,878 properties had foreclosure filings in March. Continue Reading Foreclosure Activity Inches Up During Q1
Indiana Home Sales Up 21%
Indiana’s median home sale price rose to $250,000, 6% higher than one year earlier. Continue Reading Indiana Home Sales Up 21%
Grupo T&C Launches Edge House Miami
Pricing starts in the $400,000s. Continue Reading Grupo T&C Launches Edge House Miami
Raquel Welch’s Los Angeles Villa Listed for $3.9 Million
Welch acquired the property in 2009 for $2.5 million and lived there until her death in February 2023. Continue Reading Raquel Welch’s Los Angeles Villa Listed for $3.9 Million
Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale
After San Francisco, Detroit had the highest share of homes selling at a loss (10.8%) during the three months ending Feb. 29. Continue Reading Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale
