U.S. Housing Market
Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Corcoran acquired the property in 2015 for $10 million and spent $2 million over the years to renovate it. Continue Reading Barbara Corcoran Sells Duplex Manhattan Penthouse for $13.5 Million
Hits and Misses for the Real Estate Week of Oct. 6-10
An update on the cause of the Palisades Fire, Hunter Biden’s bizarre Romanian real estate deal, and a once-prominent pharmacy chain comes to an end. Continue Reading Hits and Misses for the Real Estate Week of Oct. 6-10
Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
“No one company should have the power to ban agents or listings simply because they don’t follow that company’s business model,” said Compass CEO Robert Reffkin. Continue Reading Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
Existing Home Sales Up in May
The median existing home price for May was $422,800, up 1.3% from the $417,200 price set one year earlier. Continue Reading Existing Home Sales Up in May
Hits and Misses for the Real Estate Week of June 16-20
Another sports team eyeing public funds for a new stadium, property tax relief comes to Texas, and a social media influencer who gave very bad advice. Continue Reading Hits and Misses for the Real Estate Week of June 16-20
Hits and Misses for the Real Estate Week of June 12-16
An abandonment of San Francisco commercial mortgages, the Fed presses the pause button and President Biden’s unlikely railroad idea. Continue Reading Hits and Misses for the Real Estate Week of June 12-16
RE/MAX Reports ‘Sizeable Jump in May Home Sales’
May’s $423,000 median sales price was the highest since June 2022. Continue Reading RE/MAX Reports ‘Sizeable Jump in May Home Sales’
Fox News’ Bret Baier Seeks to Flip Palm Beach Estate
Baier acquired the property in March 2022 from designer Tommy Hilfiger for $12 million. Continue Reading Fox News’ Bret Baier Seeks to Flip Palm Beach Estate
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
“The California Dream for All program is a huge step forward in closing the homeownership and wealth gaps that exist in our state,” said CAR in a statement. Continue Reading California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
FPI was accused of imposing unlawful charges on nine servicemembers terminatee their apartment leases after receiving military relocation orders. Continue Reading Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
Mortgage Rates Down Again
The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. Continue Reading Mortgage Rates Down Again
Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
The median home sale price was $381,169, down 1.1% from a year earlier, the smallest decline in more than three months. Continue Reading Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
“These new resources will help prospective homebuyers better understand their transaction,” said Federal Housing Commissioner Julia Gordon. Continue Reading FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
UnidosUS is also launching launch the first cohort of cities slated to receive targeted investments through the HOMEownership Solutions Network. Continue Reading New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
Realtors’ Economist to Fed: Stop Raising Rates
“The Fed should look forward, not backward,” said NAR Chief Economist Lawrence Yun. Continue Reading Realtors’ Economist to Fed: Stop Raising Rates
