U.S. Housing Market
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
“When people truly understand the process, they will succeed,” said Beeston. Continue Reading Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
$110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
The Spelling Manor’s $110 million sale price was far greater than the runner-up on the list, a $51 million transaction in Delray Beach, Florida. Continue Reading $110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
Newark Program Sells City-Seized Properties for as Little as One Dollar
Buyers are limited to one property each under the program, which is administered by the nonprofit Neighborhood Assistance Corporation of America. Continue Reading Newark Program Sells City-Seized Properties for as Little as One Dollar
Black Knight: Lock Volumes Down 22%
“Despite the fact that mortgage rates on average were lower in April, rate lock volumes took a hit,” said Andy Walden, vice president of enterprise research and strategy at Black Knight. Continue Reading Black Knight: Lock Volumes Down 22%
Fannie Mae: Homeownership Optimism is Rising
However, on a year-over-year measurement, the full index is down 1.7 points. Continue Reading Fannie Mae: Homeownership Optimism is Rising
ALTA: $21B in Title Insurance Premiums During 2022
The top companies by market share in 2022 were First American Title Insurance Co., Old Republic Title Insurance Co. and Fidelity National Title Insurance Co. Continue Reading ALTA: $21B in Title Insurance Premiums During 2022
Clayton to Build Manufactured Homes That Meet DOE Energy Efficiency Standards
“We are driven to make energy efficient homes an attainable option for home buyers across the country,” said CEO Kevin Clayton. Continue Reading Clayton to Build Manufactured Homes That Meet DOE Energy Efficiency Standards
FHLBank Atlanta Adds $7.2M to Homeownership Program
The funds are available on a transaction by transaction, first-come, first-served basis. Continue Reading FHLBank Atlanta Adds $7.2M to Homeownership Program
Republic First Exits the Mortgage Origination Business
The company said it would also “streamline its commercial lending business in New York City.” Continue Reading Republic First Exits the Mortgage Origination Business
Market Snapshot: Florida Home Buyers Are Paying for Overvalued Properties
Closed sales of existing single-family homes in March were down 15% year-over-year. Continue Reading Market Snapshot: Florida Home Buyers Are Paying for Overvalued Properties
Nearly Half of Homes Sold Within Two Weeks of Being Listed
New listings in April were down 23% year-over-year, the second biggest decline since the start of the pandemic. Continue Reading Nearly Half of Homes Sold Within Two Weeks of Being Listed
Simon Property Group Puts New Focus on Residential and Hotel Development
Chairman, President and CEO David Simon declared this was “probably a five-year build process” that is expected to begin later this year. Continue Reading Simon Property Group Puts New Focus on Residential and Hotel Development
