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News Updates

HouseCanary’s Latest Market Pulse Report Shows Resilience in Housing Market as Listed and Closed Prices Rose in June

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Both Listed and Closed Prices Experienced Positive Year-Over-Year Growth in June Persistent Year-Over-Year Decline in Net New Listing Volume Intensifies Inventory Challenges and Dampens Market Activity A Slower Pace of Rate Hikes by the Federal Reserve Is Anticipated Throughout the Second Half of 2023, Coinciding with Expectations of Subdued Market Activity HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its latest Market Pulse report, covering

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BH Properties Plans Billion Dollar Investment in Affordable Housing

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Los Angeles-Based Real Estate Investment Firm Hires Bill Stoll to Lead New Initiative BH Properties (“BH”) has launched a new investment initiative into affordable housing  with a  goal of ultimately building a $1 billion portfolio of assets. The new initiative will be led by veteran affordable housing executive William “Bill” Stoll who joins the firm as Managing Director, announced company President Jim Brooks. An adjunct to the firm’s value-add multifamily

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Average Home Is Selling Above Its Asking Price for the First Time in Nearly a Year

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This is the first time since last August the average sale-to-list price ratio has surpassed 100%. Low inventory and steady demand are buoying home prices. The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, marking the first time in nearly a year the average U.S. home is selling for more than its asking price. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate

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Consumer Confidence in Housing May Have Plateaued

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HPSI Remains Stuck at Relatively Low Level Amid Ongoing Supply and Affordability Constraints The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained mostly flat in June, increasing by only 0.4 points to 66.0, as difficult supply and affordability conditions continue to weigh on the housing market. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May.

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D.R. Horton, Inc. Acquires the Homebuilding Operations of Truland Homes

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D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced the acquisition of Truland Homes, the largest private homebuilder along the Gulf Coast. The homebuilding assets of Truland Homes (“Truland”) acquired include approximately 263 lots, 155 homes in inventory and 55 homes in sales order backlog. D.R. Horton also acquired 156 lots and control of approximately 400 lots through option contracts from Truland affiliates and 201 lots and control of approximately 260 lots through option

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CoreLogic: US Mortgage Performance Continues Strong Run in April

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Despite small annual upticks in certain states and metro areas, overall mortgage delinquencies remain near an all-time low CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for April 2023. For the month of April, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.1 percentage point

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