U.S. Housing Market
Report: Typical Household Needs 7 Years to Save for a Down Payment
In many expensive coastal metros, saving for a typical down payment can take 20 to more than 35 years. Continue Reading Report: Typical Household Needs 7 Years to Save for a Down Payment
Pending Home Sales Up 3.3%
On a regional measurement, pending home sales were up month-over-month and year-over-year in the Northeast, Midwest, South, and West. Continue Reading Pending Home Sales Up 3.3%
Fairway Home Mortgage in New Partnership with OpenAI
To oversee the partnership, Fairway will promote Caleb Ondrusek to executive vice president of technology and innovation. Continue Reading Fairway Home Mortgage in New Partnership with OpenAI
Housing Market Hit Record $55.1 Trillion
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). Continue Reading Housing Market Hit Record $55.1 Trillion
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Home Prices Up Again in Latest Case-Shiller Report
“The ongoing recovery in home prices is broadly based,” said Craig J. Lazzara, managing director at S&P DJI. Continue Reading Home Prices Up Again in Latest Case-Shiller Report
High-Earning Households Exiting California and New York
Northeastern states lost the most high earners year-over-year, while seven of the top 20 states adding high-earners were in the Southeast. Continue Reading High-Earning Households Exiting California and New York
A Phil Hall Op-Ed: Is Housing to Blame for Climate Change?
According to Scientific American, greenhouse gas emissions rose 7% during Biden’s first year in office. Continue Reading A Phil Hall Op-Ed: Is Housing to Blame for Climate Change?
Bel Air Mansion of Domino’s Pizza Executive Listed for $30 Million
Donald Mejj purchased the property about two years ago for $20.875 million. Continue Reading Bel Air Mansion of Domino’s Pizza Executive Listed for $30 Million
Tori Spelling Gets Insulted by a Realtor When Seeking Rental Housing
Realtor Robert Vinson found the “90210” star’s moldy housing situation “amusing.” Continue Reading Tori Spelling Gets Insulted by a Realtor When Seeking Rental Housing
Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze
AAGLA Board President Cheryl Turner complained about the “tremendous financial strain on the city’s rental housing providers.” Continue Reading Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze
Hits and Misses for the Real Estate Week of July 17-21
New York Times Magazine writer Caity Weaver scoured the English countryside on a vague tip that Tom Cruise had a home in rural Britain. Continue Reading Hits and Misses for the Real Estate Week of July 17-21
Lionel Messi Goes Home Shopping in Palm Beach County
Although Messi owns condominiums in Miami, he does not want his family living in the city. Continue Reading Lionel Messi Goes Home Shopping in Palm Beach County
Florida’s Housing Market Struggles with Declining Sales
“As of the end of June, single-family inventory was 13.8% higher than a year ago,” said Florida Realtors’ Brad O’Connor. Continue Reading Florida’s Housing Market Struggles with Declining Sales
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
