U.S. Housing Market
169-Unit Multifamily Community in NYC Suburb Sells for $63.7 Million
CBRE represented the seller, Harbor Group International LLC, and procured the buyer, JSB Capital. Continue Reading 169-Unit Multifamily Community in NYC Suburb Sells for $63.7 Million
Hits and Misses for the Real Estate Week of February 23-27
A lack of housing policy ideas in the State of the Union, a theater chain weighs closing more locations, and a city loses millions on consulting fees around a failed museum project. Continue Reading Hits and Misses for the Real Estate Week of February 23-27
America’s Housing Shortage Isn’t Just Large — It’s Uncertain, And That May Be the Bigger Risk
No one can pinpoint the exact scale of the U.S. housing shortage, yet the consequences are already shaping affordability, mobility, and economic growth. Continue Reading America’s Housing Shortage Isn’t Just Large — It’s Uncertain, And That May Be the Bigger Risk
FCP Acquires 151-Unit Charlotte-Area Apartment Community for $41 Million
FCP has retained Greystar to manage the property. Continue Reading FCP Acquires 151-Unit Charlotte-Area Apartment Community for $41 Million
Listing Price Cut for Second Time on Quincy Jones’ Bel Air Estate
The residence, which was custom-built in 2002 for Jones, features five bedrooms, 12 bathrooms, and five half-bathrooms. Continue Reading Listing Price Cut for Second Time on Quincy Jones’ Bel Air Estate
RE/MAX: Home Sales Up for Fifth Straight Month
June’s median sales price of $440,000 was a 2/8% increase from the prior month. Continue Reading RE/MAX: Home Sales Up for Fifth Straight Month
Q2 Home Sales in Texas Up 1.4%
The statewide median price was $340,000, down 1.4% from the same quarter last year. Continue Reading Q2 Home Sales in Texas Up 1.4%
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators cosponsored the bill. Continue Reading New Legislation Seeks to Address Systemic Bias in Home Appraisals
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
California Home Sales Up, Reversing 3-Month Slump
California’s median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
The average loan size for new homes decreased from $379,209 in May to $376,077 in June. Continue Reading Mortgage Applications on New Home Purchases Up 8.5% from Last Year
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
Foreclosure Activity Rises During First Half of the Year
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Continue Reading Foreclosure Activity Rises During First Half of the Year
