U.S. Housing Market
Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion
Tri Pointe Homes will continue as a wholly owned subsidiary of Sumitomo Forestry America Inc. Continue Reading Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion
DC Attorney General Files Lawsuit to Dismantle ‘Slumlord Empire’
In his lawsuit, Schwalb alleged the Razjooyans have violated the District’s Consumer Protection Procedures Act, the District’s False Claims Act, and the federal RICO Act. Continue Reading DC Attorney General Files Lawsuit to Dismantle ‘Slumlord Empire’
New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
Alabama Home Sales Down During October
The state’s median sales price was $253,201, up by 7.6% from September and by 19.7% from October 2024. Continue Reading Alabama Home Sales Down During October
Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
Hits and Misses for the Real Estate Week of April 15-19
A trio of troubling housing market data reports, a new wave of Texas residents and an unlikely KISS tribute are in this week’s spotlight. Continue Reading Hits and Misses for the Real Estate Week of April 15-19
North Carolina Mobile Home Community Sells for $12.8 Million
Cape Fear Village opened in 2000 and spans 45.8 acres. Continue Reading North Carolina Mobile Home Community Sells for $12.8 Million
Median Luxury Home Price at New Record High
The total number of luxury homes for sale rose 12.6% from a year earlier in the first quarter, the biggest increase on record. Continue Reading Median Luxury Home Price at New Record High
Increased Listings Drive Home Sales Surge in Pennsylvania
Home listings on the market increased 7.6% last month compared to February, reaching 33,233. Continue Reading Increased Listings Drive Home Sales Surge in Pennsylvania
Florida Home Sales Down While Property Prices Rise
The statewide median sales price for single-family existing homes in March was $420,600, up 3.9% from the previous year. Continue Reading Florida Home Sales Down While Property Prices Rise
California Home Sales Down in March
The sales pace in March represented the 18th consecutive month where the activity level was below the 300,000-threshold. Continue Reading California Home Sales Down in March
New York State’s Housing Inventory Sinks to New Record Low
Closed sales fell from 7,790 sales in March 2023 to 6,685 homes last month, a 14.2% decline. Continue Reading New York State’s Housing Inventory Sinks to New Record Low
Mortgage Rates Soar Above 7%
The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged 6.88%. Continue Reading Mortgage Rates Soar Above 7%
Existing Home Sales Drop in March
The median existing-home price for all housing types in March was $393,500. Continue Reading Existing Home Sales Drop in March
RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
Last month’s median sales price was $415,000, up 5.1% from one year earlier. Continue Reading RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
