News Updates

Median U.S. Home Price HitS an All-Time High of $434,000 in April

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San Jose and Rochester are hotter than other parts of the country; roughly three-quarters of homes that sold in those metros last month fetched more than their asking price—a higher share than anywhere else in the U.S. The median U.S. home sale price rose 6.2% year over year in April to $433,558—the highest level on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Today’s housing market

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Top cities offer what matters most to current and former service members, including housing affordability, low crime rates and a strong Veteran community Veterans United Home Loans, the nation’s largest VA lender, today released its 2024 Best Cities for Veterans to Live list. While each region of the country is represented, the East Coast and Midwest rank high among the best places for Veterans and service members to plant roots. The Top

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More boomers favor renting, with little interest in buying a home Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their current and long-term finances, according to a new Bank of America Homebuyer Insights Report (HBIR), conducted in partnership with Bank of America Institute. However, with higher interest rates and home

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Foreclosure Starts Decrease 7 Percent from Last Month; While Completed Foreclosures Increase 8 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its April 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4 percent from a month ago and down 4 percent from a year ago. “April’s foreclosure numbers highlight

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DLP Capital, a private real estate investment and financial services firm, announced Nick Stonestreet as its new President of Financial Services. With over 30 years of experience in the financial services industry, Stonestreet brings a wealth of knowledge and enhanced service delivery. Before joining DLP Capital, Stonestreet was the CEO, chief investment officer, and senior partner of Blue Trust, where he played a pivotal role in developing strategic initiatives and

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Once new units are absorbed, rents will rebound in markets where asking rates have fallen behind national average The multifamily market is a tale of two supply scenarios, shows a new special report from Yardi® Matrix. Of the 134 U.S. cities reviewed by Yardi Matrix, those that recorded substantial growth during the pandemic and are now receiving high volumes of new supply are posting stagnant or falling rents. Nine of 20 markets