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News Updates

U.S. Housing Market Recovers the Nearly $3 Trillion It Lost, Hitting Record $47 Trillion in Total Value

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Affordable markets including Little Rock and Milwaukee saw the biggest jumps in value, while pricey West Coast metros and pandemic boomtowns faced large drops; L.A. has shed $153 billion since last summer The total worth of U.S. homes hit a record $46.8 trillion in June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This overtakes the prior all-time high of $46.6 trillion set a year earlier, as

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FORECLOSURE ACTIVITY DIPS IN JULY 2023 WHILE LENDER REPOSSESSIONS CONTINUE TO CLIMB

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Foreclosure Starts Down 12 Percent from Last Month; But Completed Foreclosures Up 4 Percent ATTOM, a leading curator of land, property, and real estate data, released its July 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,877 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 9 percent from a month ago but up 5 percent from a year ago.  “The slight decline in foreclosure filings

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Bright MLS July Housing Report: Mid-Atlantic Housing Market Resilient

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Median Home Price in the Mid-Atlantic Region Up 3.9% in July, Strongest Price Growth Since January,  Different Trend than Other National Markets The Mid-Atlantic housing market stayed firmly on the summer pace set in June, as buyers still compete for historically-low levels of inventory even in the midst of an elevated mortgage rate environment, according to the Bright MLS Mid-Atlantic July Housing Report released today. The median home price in

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Consumers Report Improving Job Security, Healthy Household Finances

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But Only 18% Believe It’s a Good Time to Buy a Home The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased slightly in July, as consumers’ increased confidence regarding their personal financial situations was largely offset by further pessimism toward homebuying conditions. Three of the HPSI’s six components increased month over month, including the components measuring job security and home price expectations. However, 82% of consumers reported that it’s a “bad time

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Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its August 2023 Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets. This month’s report looks again at the reheating housing market nationwide, with home prices hitting new peaks at the national as well as local levels, and no end in sight to the constrictive lack of for-sale inventory driving the price increases. As Black Knight Vice President

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Roofstock Deepens Institutional Capabilities with Two Key New Hires

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Roofstock, a leading real estate services and investment platform specializing in the single-family rental (SFR) sector, is excited to announce the additions of Justin Yagerman as its new Head of Capital Markets and Paul Briggs as its new Head of Research and Investment Strategies. With over two decades in both public and private markets, Mr. Yagerman has a proven track record of building long-term relationships with, and driving successful outcomes

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