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
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
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
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...
Hits and Misses for the Real Estate Week of Aug. 21-25
A seriously wrong news story about Mar-a-Lago and a seriously Wright timepiece celebrating a master architect highlight this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Aug. 21-25
Zillow Home Loans Debuts 1% Down Payment Program
The program is initially being offered on properties located in Arizona, with plans to expand to additional markets. Continue Reading Zillow Home Loans Debuts 1% Down Payment Program
Price on Connecticut Castle Slashed to $26 Million
The property was first listed in 2014 for $45 million. Continue Reading Price on Connecticut Castle Slashed to $26 Million
Report: 1 Million New Rental Housing Units to be Ready by 2025
89% of the apartments completed in the last three years were high-end offerings rather than affordable housing. Continue Reading Report: 1 Million New Rental Housing Units to be Ready by 2025
Zombie Property Levels in Slight Rise
315,425 residential properties are in the process of foreclosure in the third quarter of this year. Continue Reading Zombie Property Levels in Slight Rise
Service Restored for Northern California MLS Networks After Cyberattack
An Aug. 8 ransomware attack against data vendor Rapattoni Corp. locked out users of 22 MLSes in California and nationwide. Continue Reading Service Restored for Northern California MLS Networks After Cyberattack
RE/MAX and CCIM Institute in New Partnership
RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the CCIM platform. Continue Reading RE/MAX and CCIM Institute in New Partnership
Zillow: Half of All Homebuyers Are First-Timers
Nearly half of first-time buyers are millennials and about one-quarter are Gen Zers. Continue Reading Zillow: Half of All Homebuyers Are First-Timers
