U.S. Housing Market
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Casino Contest Offers New $300,000 Home as Grand Prize
The winner has the option of choosing the new home or taking a $210,000 cash alternative. Continue Reading Casino Contest Offers New $300,000 Home as Grand Prize
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%
Case-Shiller: Home Prices Ended 2023 on the Rise
San Diego reported the highest year-over-year gain among the 20 cities with an 8.8% increase in December. Continue Reading Case-Shiller: Home Prices Ended 2023 on the Rise
Unlocking the American Dream: The Enduring Value of Homeownership
In the great American dream, owning a home stands as a symbol of success, stability, and personal achievement. It's a narrative deeply ingrained in the fabric of society, where the picket fence and backyard garden represent not just a place to live, but a testament to...
Pretium’s ‘First Look Home’ Program Seeks to Expand Affordable Homeownership
“Community engagement at a local level is an ongoing priority throughout the Pretium ecosystem,” said Josh Pristaw, Pretium’s head of real estate. Continue Reading Pretium’s ‘First Look Home’ Program Seeks to Expand Affordable Homeownership
Mercedes-Benz Unveils First U.S. Branded Residential Project
Mercedes-Benz Places, a 67-story mixed-use residential project in Miami. Continue Reading Mercedes-Benz Unveils First U.S. Branded Residential Project
HUD Awards Nearly $4 Million for Research on Office Property-to-Residential Conversions
HUD’s Solomon Greene said the research will “fill critical knowledge gaps, test pilots and new innovations, and share best practices in each of the areas.” Continue Reading HUD Awards Nearly $4 Million for Research on Office Property-to-Residential Conversions
Hits and Misses for the Real Estate Week of Feb. 19-23
An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey are among this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Feb. 19-23
Wisconsin Home Sales Up 7.4% in January
January’s median price of $265,000 was 6% higher than the $250,000 price recorded one year earlier. Continue Reading Wisconsin Home Sales Up 7.4% in January
Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households
Detroit has the highest share (13.3%) of Black renting families earning enough income to comfortably afford a mortgage. Continue Reading Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households
Guest Opinion: How to Fix New York City’s Housing Crisis
New York’s housing challenges are not a matter of technical infeasibility but political indecision. Continue Reading Guest Opinion: How to Fix New York City’s Housing Crisis
Anaheim Multifamily Community Chateau de Ville Sells for $79 Million
Built in 1970 on nine acres, Chateau de Ville is a 21-building, controlled-access community. Continue Reading Anaheim Multifamily Community Chateau de Ville Sells for $79 Million
