Elevated mortgage rates are cutting into homebuyers’ budgets. But this week’s inflation report—which shows that consumer prices are cooling quickly—provides a glimmer of hope that mortgage rates could gradually start to come down. The median U.S. home-sale price rose 1.5% from a year earlier...
Anchor Loans, the nation's leading provider of financing to residential real estate developers, builders and entrepreneurs, announced that Jim Fraser has joined the company as Chief Operating Officer. In this role, Fraser will be responsible for the customer experience that Anchor...
89% of U.S. Cities Experienced Year-Over-Year Rent Increases 36% of the cities analyzed experienced double-digit rent increases Rentometer has released their Q2 2023 Rent Report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential...
U.S. Foreclosure Starts Increase 15 Percent in First Six Months of 2023; Average Days to Complete a Foreclosure Hits Peak; June and Q2 2023 Foreclosure Activity Also Post Annual Increases ATTOM, a leading curator of land, property, and real estate data, released its Midyear 2023 U.S....
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...
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...
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....
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...
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...
