U.S. Housing Market
America Needs More Homes. Builders Are Being Given Reasons to Build Fewer
America needs more housing. But builders still have to produce homes at a cost buyers can afford. John G. Stevens examines why America’s housing shortage and affordability crisis cannot be solved separately. Continue Reading America Needs More Homes. Builders Are Being Given Reasons to Build Fewer
Illinois Home Sales Up Slightly, Chicago Sales in Decline
The city of Chicago experienced a 2.9% year-over-year decrease in sales in July with 2,137 sales, down from 2,201 one year before. Continue Reading Illinois Home Sales Up Slightly, Chicago Sales in Decline
Alliance Residential Opens New Multifamily Community in Dallas Suburb
The Breckyn offers one- and two-bedroom apartments, with layouts ranging from 731 to 1,191 square feet. Continue Reading Alliance Residential Opens New Multifamily Community in Dallas Suburb
REMAX: Home Sales Down in July Despite Expanded Inventory
The $450,000 median sales price remained flat month-over-month but was 3.4% higher from June 2025. Continue Reading REMAX: Home Sales Down in July Despite Expanded Inventory
Texas and North Carolina Dominate Top Spots in New Ranking of the Best Real Estate Markets
At the bottom of the list, New Orleans ranked 300th. Continue Reading Texas and North Carolina Dominate Top Spots in New Ranking of the Best Real Estate Markets
Hits and Misses for the Real Estate Week of June 29-July 3
New board members at the American Real Estate Association, a cryptic social media message from the Opendoor CEO, and who’s to blame for the European heat wave? Continue Reading Hits and Misses for the Real Estate Week of June 29-July 3
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
The Wall Street Journal reports the buyer was “a blond man dressed in black” who “declined to identify himself” the newspaper’s reporter. Continue Reading Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
Wright was commissioned by Seamour and Gertie Shavin to create the residence. Continue Reading Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
List Prices Record Steepest Annual Decline in 9 Years
“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” said Danielle Hale, chief economist at Realtor.com. Continue Reading List Prices Record Steepest Annual Decline in 9 Years
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
421-Unit Multifamily Community in NYC Suburb Sold to US-Japan Joint Venture for $237 Million
The Westchester County-based Carraway was completed in 2021 and features a mix of studio, one-bedroom and two-bedroom residences. Continue Reading 421-Unit Multifamily Community in NYC Suburb Sold to US-Japan Joint Venture for $237 Million
New Data Reports Find Mixed Results in April Home Price Activity
The FHFA reported April’s house prices were down nationwide by a scant 0.1% from the previous month but were up 2% from one year earlier. Continue Reading New Data Reports Find Mixed Results in April Home Price Activity
Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
Pending sales of luxury homes rose 5.2% year-over-year during the same period, which marked the largest gain since December 2024. Continue Reading Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
One- to three-family homes worth at least $5 million and co-ops and condominiums valued at $1 million or more are subject to the tax. Continue Reading NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
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