U.S. Housing Market
Democrat Senator Calls on Trump to Declare National Emergency on Housing
The White House did not comment on Slotkin’s remarks or legislation. Continue Reading Democrat Senator Calls on Trump to Declare National Emergency on Housing
Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
The Empire Theater opened in 1925 and permanently closed in February 2021. Continue Reading Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
During July, homes marketed as fixer-uppers came with a median list price tag of just $200,000, which is 54% below the $436,250 median for all single-family homes. Continue Reading Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
The plaintiff, who was not publicly identified, is seeking class-action status for the lawsuit that will include financial compensation of up to $25,000 a person. Continue Reading Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
New Pilot Program Aimed at Expanding Homeownership in Detroit
The mortgage product will provide qualified borrowers with up to 40% of a home’s purchase price in down payment assistance without adding any monthly debt. Continue Reading New Pilot Program Aimed at Expanding Homeownership in Detroit
Zillow: More New Listings Available for Home Buyers
“Those still shopping for homes late in summer were offered a bit of relief, and not all from expected sources,” said Zillow’s Jeff Tucker. Continue Reading Zillow: More New Listings Available for Home Buyers
CoreLogic: Home Prices Up 2.5% for July
CoreLogic projected year-over-year U.S. home price gains will reach 3.5% by July 2024. Continue Reading CoreLogic: Home Prices Up 2.5% for July
1 in 8 San Francisco Homeowners Lose Money in Sale
“Some condos in the Bay Area are now worth less than their owners bought them for in 2018 and 2019,” said real estate agent Andrea Chopp. Continue Reading 1 in 8 San Francisco Homeowners Lose Money in Sale
Hits and Misses for the Real Estate Week of Sept. 4-8
This week’s Hits and Misses include rough mortgage data, an effort to improve California’s affordable housing, and a high-rise with unlikely garage spaces. Continue Reading Hits and Misses for the Real Estate Week of Sept. 4-8
Long Island Man Pretending to be a Realtor Arrested in Rental Housing Scam
A man in the Suffolk County section of New York’s Long island who falsely claimed to be a realtor was arrested for scamming people out of tens of thousands of dollars for rental properties. Continue Reading Long Island Man Pretending to be a Realtor Arrested in Rental Housing Scam
New Report Examines the State of Multifamily Construction
“As access to development capital across the country diminishes and rent growth slows, multifamily starts are cooling,” said IPA’s Greg Willett Continue Reading New Report Examines the State of Multifamily Construction
US Recorded 1.7% Decline in Home Equity During Q2
The second quarter also recorded a 4% increase in the total number of homes in negative equity. Continue Reading US Recorded 1.7% Decline in Home Equity During Q2
Marilyn Monroe’s Final Home Slated for Demolition
Monroe purchased the property for $77,500 in February 1962 and died there six months later. Continue Reading Marilyn Monroe’s Final Home Slated for Demolition
West Virginia Housing Development Fund Breaks Record for Affordable Mortgage Issuance
The Fund’s Jon Rogers said “more than 100 West Virginians become first-time homeowners through our Homeownership Program” in July. Continue Reading West Virginia Housing Development Fund Breaks Record for Affordable Mortgage Issuance
Mortgage Rates Drop, But Remain Above 7% Mark
“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Remain Above 7% Mark
