U.S. Housing Market
Owners of Marilyn Monroe’s Last Home Sue LA to Overturn Historic Designation
The plaintiffs are asking the court to affirm their constitutional rights are being violated and grant them the order to proceed with their planned demolition. Continue Reading Owners of Marilyn Monroe’s Last Home Sue LA to Overturn Historic Designation
Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
The trade groups called for “responsibly reducing mortgage insurance premiums.” Continue Reading Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
This is the first purchase for Advanced’s new Opportunity Fund (Advanced Fund 24-3). Continue Reading Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
Catalyst Impact Fund Acquires San Jose Multifamily Community for Affordable Housing
Future leasing at the 2018-built property will be restricted to households earning less than 80% of Santa Clara County’s median income. Continue Reading Catalyst Impact Fund Acquires San Jose Multifamily Community for Affordable Housing
Tammac Holdings Corp. Expands Into Michigan and Alabama
The company can now offer manufactured and mobile home loans in the two states. Continue Reading Tammac Holdings Corp. Expands Into Michigan and Alabama
Mortgage Rates Continue to Drop
“With continued deceleration in inflation we expect rates to decline further,” said Freddie Mac Chief Economist Sam Khater. Continue Reading Mortgage Rates Continue to Drop
Housing Inventory Up for Third Straight Month
Compared to January 2023, the typical home spent four less days on the market. Continue Reading Housing Inventory Up for Third Straight Month
Home Equity Levels Down Slightly During Q4
The share of mortgaged homes that were seriously underwater was 2.6%, inching up slightly from 2.5% in the third quarter. Continue Reading Home Equity Levels Down Slightly During Q4
Luxury Home Prices Hit Record Peak
Sales of luxury homes dropped 1.7% year-over-year in the fourth quarter, the smallest decline since the middle of 2021. Continue Reading Luxury Home Prices Hit Record Peak
NAR Rolls Out Latest Version of Consumer Marketing Campaign
The campaign’s focus is supplemented by the fourth season of NAR’s docuseries “First-Time Buyer.” Continue Reading NAR Rolls Out Latest Version of Consumer Marketing Campaign
Mortgage Application Activity Declines by 7.2%
“Low existing housing supply is limiting options for prospective buyers,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Declines by 7.2%
Outbound Migration from the Bay Area Down 13% Year-Over-Year
The median sale price for San Francisco is nearly $1.3 million, an admittedly hefty sum but also the lowest level since early 2019 Continue Reading Outbound Migration from the Bay Area Down 13% Year-Over-Year
Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor
Most Americans cited Snoop Dogg as the halftime performer they most wanted living next door. Continue Reading Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor
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