U.S. Housing Market
Existing Home Sales Up 1.5% in September
The median existing home price for all housing types was $415,200, up 2.1% from the $406,700 recorded one year earlier. Continue Reading Existing Home Sales Up 1.5% in September
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Del Webb Breaks Ground on 55+ Community in Austin Suburb
The completed project will encompass over 500 residences to be built across 323 acres. Continue Reading Del Webb Breaks Ground on 55+ Community in Austin Suburb
Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
“We have mandated expenses to fix the inhumane conditions there,” said Commissioner Dana Barrett. Continue Reading Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
Tech Trends: In Pursuit of User-Friendly Solutions
This week’s edition of Tech Trends offers four new solutions designed to make life easier for home sellers, property managers, and real estate investors. Continue Reading Tech Trends: In Pursuit of User-Friendly Solutions
Mortgage Application Activity Up for First Time in Five Weeks
The refinance share of mortgage activity increased to 30.1% of total applications from 29.5% the previous week. Continue Reading Mortgage Application Activity Up for First Time in Five Weeks
Home Prices Continue to Remain Elevated
Prices rose in 42 states between the second quarters of 2022 and 2023. Continue Reading Home Prices Continue to Remain Elevated
FTC in $1.6 Million Settlement with Roomster Over Fraudulent Postings
Roomster was accused of failing to verify apartments submitted to its website, posting nonexistent apartment listings, and scamming consumers with fake positive reviews. Continue Reading FTC in $1.6 Million Settlement with Roomster Over Fraudulent Postings
HGTV Smart Home 2023 Sweepstakes Winner is Named
“I was in shock. I still am,” said Stacey Braswell. “You never think it’s going to be you.” Continue Reading HGTV Smart Home 2023 Sweepstakes Winner is Named
Integro Bank, a Phoenix-Based Community Bank, Creates a Mortgage Division
Integro Bank is a single-branch community bank with $42.6 million in assets. Continue Reading Integro Bank, a Phoenix-Based Community Bank, Creates a Mortgage Division
NAR President Kenny Parcell Resigns Following Media Report on Sexual Harassment
“My resignation comes after a series of accusations against me that are categorically false,” said Parcell in his resignation letter. Continue Reading NAR President Kenny Parcell Resigns Following Media Report on Sexual Harassment
A Phil Hall Op-Ed: A Future That Could Have Been
Mark Olson, co-chairman of the board of Corporate Risk Advisors, said, “Anything with a discreet income stream can be privatized.” Continue Reading A Phil Hall Op-Ed: A Future That Could Have Been
New Initiative Seeks to Bring Solar Energy to Lower-Income Households
Solstice stated that community solar farms enable access solar power without having to own a home or report a credit score. Continue Reading New Initiative Seeks to Bring Solar Energy to Lower-Income Households
AXS Investments Launches Real Estate Income ETF
RINC is equally weighted by sector – 50% commercial real estate lending, 25% non-agency residential real estate debt, and 25% agency residential real estate debt. Continue Reading AXS Investments Launches Real Estate Income ETF
Guild Mortgage Acquires First Centennial Mortgage
San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired First Centennial Mortgage, an Illinois-based privately held residential mortgage lender focused on the Midwest markets. First Centennial Mortgage was founded by brothers Steven and David McCormick in...
