U.S. Housing Market
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
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
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
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
Better Debuts Digital HELOC Product Line
The company said closings occur in as little as three days from an application. Continue Reading Better Debuts Digital HELOC Product Line
Guest Opinion: Recruiting to Reality
I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
Active Home Listings 50.5% Below Pre-Pandemic Levels
Last month, the national median list price was $430,000 in April, up from $424,000 in March. Continue Reading Active Home Listings 50.5% Below Pre-Pandemic Levels
Home Equity Ticks Downward for Second Straight Month
ATTOM determined the number of equity-rich mortgage-payers dropped on a quarterly basis in 32 of the 50 states. Continue Reading Home Equity Ticks Downward for Second Straight Month
NYC Rent-Stabilized Units Facing Hikes Up to 7%
“A 7% rent increase is clearly beyond what renters can afford,” said Mayor Eric Adams. Continue Reading NYC Rent-Stabilized Units Facing Hikes Up to 7%
Mat Ishbia Disses Dan Gilbert – The Feud Continues
Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
Recent Posts
Tennessee Woman Sentenced for Fraud Involving $1.4 Million of Fake Property…- Report: Starter Home Market Is Down 300,000 Homes From 2019
- Amazon Announces Plans to Build a Data Center Campus in Missouri
- Kansas’ Small Business Bank is Closed
- Ontario Property Featured as the Original ‘Gilmore Girls’ Home …
