U.S. Housing Market
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%
Pope Leo XIV’s Chicago-Area Childhood Home Taken Off the Market
The Prevost family owned the property from 1949 to 1996. Continue Reading Pope Leo XIV’s Chicago-Area Childhood Home Taken Off the Market
KB Homes Debuts New Community in Seattle-Tacoma Market
Pricing at Enclave at White River begins from the $580,000s. Continue Reading KB Homes Debuts New Community in Seattle-Tacoma Market
Hits and Misses for the Real Estate Week of May 5-9
A mortgage fraud probe of Letitia James, a serious HR problem at the GSEs and the surprising site for Disney’s next theme park. Continue Reading Hits and Misses for the Real Estate Week of May 5-9
‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?
Source: USA Today --- Buyers might finally be calling the shots in 2023, as housing inventory while still low, has started to climb up. Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline since...
Zombie Foreclosures continue to increase across the nation
ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure represents 1.3 percent, or...
California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the Housing and Urban Development's (HUD) announcement to reduce the annual mortgage insurance premium on Federal Housing Administration (FHA) insured loans. ...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales
Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023. So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.
Curbio, Inc., a pay-at-closing home improvement tool for the real estate industry, announced the launch of its new mobile app. The app allows real estate agents and home sellers to get estimates for pre-listing home improvement costs and projected ROI. Agents and...
HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans
The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study
Source: FloodList --- A recent study has found that the housing market in the USA is overvalued by as much as $237 billion due to unpriced flood risk. The increasing cost of flooding under climate change has led to growing concerns that housing markets are mispricing...
Redfin and Zillow Group financial reports reveal broader housing market trends
Source: GeekWire --- The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.S. real estate market. Both companies expect revenue from key business segments to decline year-over-year in the first quarter. Zillow forecasts...
The Great Slowdown: These Are the U.S. Cities Where Home Sales Are Down the Most
Source: Realtor.com --- If the housing market of just a year ago still seemed to be moving at quantum speed, today it’s more akin to an interminable traffic jam—with no exit ramps or HOV lanes in sight. As higher mortgage rates have made buying a home ever more...
Celebrity Homes of Hollywood Stars: Zsa Zsa Gabor’s Palm Springs Glamorous Pink House Is For Sale
custom-built pink home that once belonged to Zsa Zsa and Magda has been listed for sale at $3.8 million. The Palm Springs estate has been lovingly maintained, preserving the one-of-a-kind Gabor glamour present in every room, including many original furnishings....
