U.S. Housing Market
Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
The project encompasses a quartet of four-story buildings featuring a mix of one-, two- and three-bedroom apartment layouts. Continue Reading Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
15% of Home Purchase Agreements Fell Through in July
San Antonio led the nation with 730 aborted home-purchase agreements in July, equal to 22.7% of homes that went under contract last month. Continue Reading 15% of Home Purchase Agreements Fell Through in July
Zombie Properties on the Rise
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market,” said Rob Barber, CEO of ATTOM. Continue Reading Zombie Properties on the Rise
Single-Family Built-for-Rent Construction Down in Q2
Approximately 12,000 SFBFRs were started, down from 25,000 starts in the second quarter of 2024. Continue Reading Single-Family Built-for-Rent Construction Down in Q2
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
FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
FHLBank Boston President and CEO Timothy J. Barrett seeks to “overcome some of the barriers to homeownership for people of color.” Continue Reading FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
