U.S. Housing Market
Report: Minimum Wage Earners Unable to Afford 1-Bedroom Apartment Rent in Nation’s Major Metros
In 12 metros, four minimum wage workers would need to share a one-bedroom apartment to afford rent under the 30% rule. Continue Reading Report: Minimum Wage Earners Unable to Afford 1-Bedroom Apartment Rent in Nation’s Major Metros
Report: National Housing Deficit Level Holds Steady at 4.7 Million Units
The most severe housing deficits were in New York City, Los Angeles, Boston, San Francisco and Washington, DC. Continue Reading Report: National Housing Deficit Level Holds Steady at 4.7 Million Units
New Data Reports Find Mixed Results in April Home Price Activity
The FHFA reported April’s house prices were down nationwide by a scant 0.1% from the previous month but were up 2% from one year earlier. Continue Reading New Data Reports Find Mixed Results in April Home Price Activity
Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
Pending sales of luxury homes rose 5.2% year-over-year during the same period, which marked the largest gain since December 2024. Continue Reading Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices
NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
One- to three-family homes worth at least $5 million and co-ops and condominiums valued at $1 million or more are subject to the tax. Continue Reading NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax
More Than Half of Homes for Sale on the Market for At Least 60 Days
In Miami, nearly two-thirds (62.6%) of home listings are stale, the biggest share of all the major metros. Continue Reading More Than Half of Homes for Sale on the Market for At Least 60 Days
Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Betenbough Companies is the parent of Betenbough Homes, which has Texas-based operations in Amarillo, Lubbock, Midland, and Odessa. Continue Reading Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Gov. Newsom Issues Warnings to 15 Localities for Noncompliance on Affordable Housing Access
California Gov. Gavin Newsom has put forth final warnings to 15 cities and counties that have yet to acquiesce to his administration’s demands on affordable housing access. The 15 communities that received notice today remain more than two years behind schedule and...
Realtor.com Debuts App in ChatGPT
The app is available beginning today. Continue Reading Realtor.com Debuts App in ChatGPT
Hits and Misses for the Real Estate Week of March 23-27
Mortgage rates on the rise, Habitat for Humanity turns 50, and a new TV series help seniors consider housing options. Continue Reading Hits and Misses for the Real Estate Week of March 23-27
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Burry added that the housing market was “in for a long winter” if current economic conditions remain or worsen. Continue Reading ‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Elite International Realty Launches Invite-Only Luxury Division
Signature Collection listings will be exclusive to luxury clients and will feature distinct branding and tailored marketing strategies. Continue Reading Elite International Realty Launches Invite-Only Luxury Division
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 3-7- NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout
- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
