U.S. Housing Market
St. Louis Realtors Association Publishes Report on Racial Disparities in Region’s Housing
During the five years analyzed by the report, Black homebuyers purchased homes that are 40% to 58% lower in price than those of non-Black buyers. Continue Reading St. Louis Realtors Association Publishes Report on Racial Disparities in Region’s Housing
Mortgage Credit Availability Edged Up in September
“Mortgage credit availability increased to its highest level in four months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Edged Up in September
PNC Announces $208 Million Affordable Housing Fund
The fund includes investments from PNC and seven other financial services and insurance companies Continue Reading PNC Announces $208 Million Affordable Housing Fund
Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
Roughly two-thirds (67%) of baby boomer homeowners have lived in their home for 16-plus years. Continue Reading Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
Single-Family Housing Starts Inch Up, Permits in Decline
Single-family authorizations in May were at a rate of 898,000, a 2.7% below the revised April figure of 923,000. Continue Reading Single-Family Housing Starts Inch Up, Permits in Decline
CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace
Indiana and New Jersey recorded the highest annual home price gains at 7.3% and 7.1%, respectively. Continue Reading CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace
Poplar Homes Acquires Venture REI’s Single-Family Property Management Business
Venture REI’s short-term rental and investment client property management portfolios were not part of the transaction. Continue Reading Poplar Homes Acquires Venture REI’s Single-Family Property Management Business
Rihanna Lists Beverly Hills Property for $10.5 Million
The half-acre property features a 5,100-square-foot mansion built in 1939 that includes four bedrooms and five bathrooms. Continue Reading Rihanna Lists Beverly Hills Property for $10.5 Million
Survey: 43% of Americans No Longer Sure If or When They Will Buy a Home
56% of millennial and Gen Z respondents felt buying a home is more out of reach for them compared to their parents’ generation. Continue Reading Survey: 43% of Americans No Longer Sure If or When They Will Buy a Home
Affordable Homeownership Strangled by Tighter Credit, Low Inventory
“In a sense, the gridlocked housing market has been feeding on itself,” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading Affordable Homeownership Strangled by Tighter Credit, Low Inventory
AirBNB Sues NYC Over Short-Term Rental Rules, Calling Them a ‘De Facto Ban’
“These restrictions are punitive and burdensome,” said Theo Yedinsky, Airbnb’s global policy director. Continue Reading AirBNB Sues NYC Over Short-Term Rental Rules, Calling Them a ‘De Facto Ban’
Hits and Misses for the Real Estate Week of May 29-June 2
Elon Musk talks real estate, tenant pulls a fast one on his trusting landlord and a historic theater gets a new lease on life. Continue Reading Hits and Misses for the Real Estate Week of May 29-June 2
Mariah Carey Sells Atlanta Mansion at Discounted Price
She bought the property in November 2021 via an off-market purchase of $5.65 million. Continue Reading Mariah Carey Sells Atlanta Mansion at Discounted Price
Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move
59% of homeowners said their renovation projects focused on energy efficiency. Continue Reading Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move
Feds Seek Input on Updating AVM Quality Control Standards
“The proposed standards are designed to ensure a high level of confidence in the estimates produced by AVMs,” said the agencies. Continue Reading Feds Seek Input on Updating AVM Quality Control Standards
