Weekly Real Estate News
U.S. Housing Market
Report: Hispanic Homeownership at New Record High
2025 marked the largest single-year increase in Hispanic homeownership since the US Census Bureau started tracking this data. Continue Reading Report: Hispanic Homeownership at New Record High
Kite Realty Group Promotes Heath R. Fear to President
“He is a trusted partner to me, our board, and the leadership team.” said Chairman and CEO John A. Kite. Continue Reading Kite Realty Group Promotes Heath R. Fear to President
Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
Aspen was home to four of the 10 most expensive home sales of November. Continue Reading Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
California Home Sales at 3-Year High
November also saw the statewide median home price drop by 3.9% from $886,960 in October to $852,680 in November. Continue Reading California Home Sales at 3-Year High
Report: Google Quietly Testing the Insertion of Real Estate Listings in Search Results
The test is being run in partnership with ComeHome by HouseCanary. Continue Reading Report: Google Quietly Testing the Insertion of Real Estate Listings in Search Results
Mortgage Rates Fall Further Away From 7%
The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95% Continue Reading Mortgage Rates Fall Further Away From 7%
MBA: Median Mortgage Payments Drop by $62 in November
“Homebuyer affordability improved in November, with a decline in mortgage rates providing relief to prospective homebuyers,” said MBA’s Edward Seiler. Continue Reading MBA: Median Mortgage Payments Drop by $62 in November
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
As for those who did move away, 47% of millennials and Gen Zers said would consider returning to where they grew up and have family. Continue Reading Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns
Report Finds Affordable Homeownership Remained Elusive in Q4
The new report found major expenses on median-priced homes consume 33.7% of the average national wage in the fourth quarter. Continue Reading Report Finds Affordable Homeownership Remained Elusive in Q4
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Colony Ridge allegedly sold flood-prone land without water, sewer or electrical infrastructure to unsuspecting families. Continue Reading CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Developer Proposes 134-Story Apartment Tower for Oklahoma City
If constructed, the tower would be the second tallest U.S. building. Continue Reading Developer Proposes 134-Story Apartment Tower for Oklahoma City
Mortgage Application Activity Trends Downward
The Refinance Index decreased 2% from the previous week, although it was 18% higher than the same week one year ago. Continue Reading Mortgage Application Activity Trends Downward
Existing Homes Sales Up for First Time in 5 Months
First-time buyers were responsible for 31% of sales in November. Continue Reading Existing Homes Sales Up for First Time in 5 Months
$256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
The project was designed by Bernheimer Architecture and is expected to be completed by June 2026. Continue Reading $256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
Current problems including affordability challenges, the lock-in effect, and a lack of homes available for sale are expected to persist. Continue Reading Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
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