Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower...
Median asking rent fell -0.4% in June, with declines seen across all unit sizes amid mixed regional conditions Rents fell again in June, with especially large declines in the South, where there's been an influx of new rental units, according to the Realtor.com® Rental Report. The median asking...
Inventory Continues to Increase Amid Modest Median Price Growth and Home Sales Decline June home sales declined 7.2% from May's strong showing and were down 11.6% year over year – atypical considering June historically has more sales than May. Across the 50 metro areas surveyed, inventory rose...
REAL ESTATE INVESTOR SENTIMENT JUMPS 16% Real estate investor sentiment jumped by 16% from the previous quarter, according to the new RCN Capital/CJ Patrick Company Investor Sentiment Index™. Sixty percent of investors viewed today's market as better or much better than it was a year ago, compared...
NAIOP Commends "Revitalizing Downtowns and Main Streets Act" Introduced in the U.S. House of Representatives NAIOP, the Commercial Real Estate Development Association, commends the introduction of the "Revitalizing Downtowns and Main Streets Act," which establishes a new 20% tax credit to make...
Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin...
U.S. Foreclosure Starts Decrease 3.5 Percent in First Six Months of 2024; Average Days to Complete a Foreclosure Up Second Quarter in a Row; June and Q2 2024 Foreclosure Activity Post Annual Declines ATTOM, a leading curator of land, property and real estate data, released its Midyear 2024 U.S....
Leader Recognized for Success Ensuring Creative and Service Excellence Incenter Marketing, a national branding, marketing, public relations, and sales engagement firm with specialties in the mortgage and finance industries, announced the promotion of Jake Haynes to Director of Creative Operations....
Rents are still most expensive in large coastal markets, but they are growing fastest in smaller markets in the Northeast and Midwest New York, San Jose and Boston are the most expensive rental markets. The fastest-growing rents are in more affordable markets in the Northeast and Midwest, led...
