U.S. Housing Market
Ohio Governor Signs 5 Property Tax Relief Bills into Law
Gov. DeWine said the bills provide “meaningful relief” compared to a potential ballot measure that would eliminate property taxes. Continue Reading Ohio Governor Signs 5 Property Tax Relief Bills into Law
Pittsburgh City Council Approves 20% Property Tax Hike
Mayor Ed Gainey has 10 days to decide whether to accept or veto the spending plan. Continue Reading Pittsburgh City Council Approves 20% Property Tax Hike
Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
By the end of July, the total number of home sellers was 1.95 million, down from a peak of 1.96 million in May. Continue Reading Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
Century Communities Begins Home Sales at New Arizona Development
The site is also located near golf courses, Lake Havasu and the Colorado River. Continue Reading Century Communities Begins Home Sales at New Arizona Development
Knock Closes on $100 Million Securitization
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Planet Home Lending Buys MSR Portfolio from Village Capital & Investment
Planet plans to continue acquiring MSRs through bulk and co-issue transactions. Continue Reading Planet Home Lending Buys MSR Portfolio from Village Capital & Investment
Mortgage Rates Drop Again
“Mortgage rates slid down again this week but remain elevated compared to this time last year,” said Chief Economist Sam Khater, Continue Reading Mortgage Rates Drop Again
Existing Home Sales Down 20% from One Year Ago
“Mortgage rates heavily influence the direction of home sales,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Down 20% from One Year Ago
Flipped Homes Accounted for 9% of All Q1 Sales
The typical gross flipping profit in the first quarter was $56,000. Continue Reading Flipped Homes Accounted for 9% of All Q1 Sales
Realtor.com Revises Housing Forecast for Second Half of 2023
Realtor.com is now forecasting a 0.9% drop in median rents for the remainder of the year. Continue Reading Realtor.com Revises Housing Forecast for Second Half of 2023
Will This Become the Most Expensive Home Ever Sold?
Casa Encantada twice broke sales records, once in 1980 and again in 2000. Continue Reading Will This Become the Most Expensive Home Ever Sold?
Mortgage Application Activity Records Scant Uptick
MBA’s Builder Application Survey data for May saw applications for new home purchases were up by 8% from April. Continue Reading Mortgage Application Activity Records Scant Uptick
CVS Health Invests $8.4 Million in Maine Senior Housing Project
Fifteen of the units will have a preference for older adults who are known as “Long-Term Stayers” in the City of Portland’s homeless shelters. Continue Reading CVS Health Invests $8.4 Million in Maine Senior Housing Project
NYC Mansion with a Colorful History Listed at $13 Million
The nine-story townhouse encompasses 18,000 square feet, with nine bedrooms and 11 bathrooms. Continue Reading NYC Mansion with a Colorful History Listed at $13 Million
Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
“From an operational perspective, multifamily is pretty stable and strong,” said Dixon. Continue Reading Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.
