At 3.10 (+14.81% MoM)
At 308,250 (-8.43% MoM)
Homes For Sale
At 842,810 (-1.96% MoM)
At 114,900 (-10.09% MoM)
Nov 13, 2019 via zillow.com 26% of renters say that affording their rent is difficult or very difficult - and 66% make at least one sacrifice to afford their rent. The most common renter sacrifices are reducing spending on entertainment (38%) and picking up additional work (25%). A smaller percentage of renters make more serious sacrifices to afford their rent:... The post Sacrifices People Make to Afford the Rent appeared first on Zillow Research.
Nov 12, 2019 via housingwire.com For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says. And it's not just the kids or Millennials, either. Households are becoming multi-generational. The post RealPage: The size of the average U.S. household is growing appeared first on HousingWire.
Nov 12, 2019 via housingwire.com President Donald Trump told business leaders in a speech to the Economic Club of New York on Tuesday that he might not be done raising tariffs on Chinese goods. The post Trump threatens to "substantially" raise tariffs appeared first on HousingWire.
Nov 12, 2019 via housingwire.com The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of "pocket listings." The post NAR bans "pocket listings" appeared first on HousingWire.
Nov 12, 2019 via housingwire.com Gateway First Bank announced Tuesday that the company is bringing on Deirdre Cherry as its chief credit officer. The post Gateway First Bank adds new chief credit officer appeared first on HousingWire.
Nov 12, 2019 via housingwire.com LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, recently appointed Brenda Clem as its new chief product strategist. The post LoanLogics appoints new chief product strategist to enhance its offerings appeared first on HousingWire.
Nov 12, 2019 via cnbc.com Police released video of the suspected burglars who ransacked the New York mansion of billionaire Don Ghermezian, stealing $140,000 worth of luggage and jewelry.
Nov 12, 2019 via cnbc.com Warehouse tenants soaked up about 41 million square feet of space in the third quarter of this year, a 23% drop from the previous quarter and less than half as much as a year ago, according to a new report.
Nov 12, 2019 via housingwire.com There's no question AI and machine learning are having a transformational impact on the home buying and refinancing journey. And while the long-term reverberations of AI's expanding role are fascinating and for some worrying, companies are realizing that marrying people with machine intelligence is the path to capitalize on AI’s potential. Artificial intelligence has generated […] The post Humanizing AI to improve the home buying journey appeared first on HousingWire.
Nov 12, 2019 via redfin.com Improving transit access to a neighborhood does not lead to a significant decrease in minority populations, even as incomes and rents rise faster than similar neighborhoods without convenient transit. The post Income Gains and Rent Increases Follow Rail Transit appeared first on Redfin Blog.
Nov 12, 2019 via themortgagereports.com Mortgage fees vary greatly from lender to lender -- and apparently from place to place. Average fees range anywhere from just $500 nearly $7,000.
Nov 11, 2019 via housingwire.com Continuing a trend that stretches back to one year ago, Millennials are still dominating the homebuying landscape, taking on more mortgages than previous generations. The post Millennials continue to outpace older generations in homebuying appeared first on HousingWire.
Nov 11, 2019 via housingwire.com loanDepot, a non-bank provider of direct-to-consumer loans, recently welcomed Steve Kay to the leadership team of its retail lending channel, in a move the company anticipates will champion growth. The post loanDepot expands its leadership team with key hire appeared first on HousingWire.
Nov 11, 2019 via housingwire.com Congress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified Mortgages. The post Congress considers fix to QM Patch appeared first on HousingWire.
Nov 11, 2019 via cnbc.com Project Destined, a nonprofit program teaching inner-city kids how to develop and invest in real estate, operates in major cities nationwide. Participants gain financially from the profits on real deals in which Project Destined invests.
Nov 11, 2019 via themortgagereports.com Want that new house move-in ready, but not prepared to put in the work? Offerpad has you covered with its newest feature.
Nov 8, 2019 via cnbc.com Shopping center landlords don't have to worry about off-price retailers going under the next time we have a recession, the "Mad Money" host says.
Nov 8, 2019 via housingwire.com Opendoor announced this week that Century Communities and Gehan Homes have been added to the already-extensive list of homebuilders in its trade-in program. The post Opendoor partners with two additional homebuilders appeared first on HousingWire.
Nov 8, 2019 via housingwire.com Home prices are rising with no signs of slowing, and affordability is getting worse each month, causing potential homebuyers to turn to family or even friends to come up with a down payment. The National Association of Realtors revealed that more than 30% of first-time homebuyers used down payment help from family and friends. The post More first time homebuyers enlisting help from family, friends appeared first on HousingWire.
Nov 7, 2019 via redfin.com Radon, CO, lead, and mold exposure can cause detrimental effects. Learn how to protect yourself and your family from these health hazards in your home. The post 4 Health Hazards in Your Home and How to Protect Yourself appeared first on Redfin Blog.
Nov 7, 2019 via housingwire.com Reonomy, a commercial real estate data startup, closed a Series D funding round at $60 million. The new investment brings the total funding for the company to more than $128 million. The post Reonomy raises $60 million in Series D funding appeared first on HousingWire.
Nov 7, 2019 via housingwire.com Pretium, an investment management firm that owns one of the nation's largest single-family rental operators and buys loads of non-performing loans from Fannie Mae and Freddie Mac, expanded its housing business earlier this year when it bought Deephaven Mortgage. But buying the non-QM lender wasn't Pretium's last big move of 2019. The post Growing real estate giant Pretium buys Selene Finance appeared first on HousingWire.
Nov 7, 2019 via housingwire.com According to new analysis from RealPage, this year was the second highest apartment leasing season ever, with 281,800 units absorbed (or rented). The post No vacancy: Apartment rentals nearly hit all-time high this year appeared first on HousingWire.
Nov 7, 2019 via housingwire.com Commercial and multifamily originations surged in the third quarter, the latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations from the MBA stated. Here's what properties were invested in, and a breakdown of this quarter's biggest investors. The post Commercial and multifamily originations surge in Q3 appeared first on HousingWire.
Nov 7, 2019 via cnbc.com There was also a drop in the share of people who think now is a good time to sell a home, from 44% to 41%, according to a monthly survey by Fannie Mae.
Nov 7, 2019 via housingwire.com This week Mayor and Presidential Candidate Pete Buttigieg came out against a homeless ordinance in Las Vegas. Shortly after that, former Secretary of the U.S. Department of Housing and Urban Development and Presidential Candidate Julian Castro voiced his opinion on the bill, sarcastically saying the homeless should be treated like people. The post Democratic candidates take a stand on homelessness appeared first on HousingWire.
Nov 7, 2019 via redfin.com With sales up and supply down, the luxury market moderated after the first two quarters were marred by nerves about an impending recession. The post Luxury Housing Market Stabilized in the Third Quarter After a Weak First Half appeared first on Redfin Blog.
Nov 7, 2019 via themortgagereports.com A small town often means lower housing costs and a better quality of life. Want to buy a house in one of these idyllic spots? Then head to Kansas.
Nov 7, 2019 via housingwire.com Snapdocs, which was founded in 2013, will use the money to continue development on its digital real estate closing platform as well as its artificial intelligence offerings. The post Snapdocs raises $25 million in Series B funding round appeared first on HousingWire.
Nov 6, 2019 via housingwire.com A recent report by economic research consultancy Capital Economics shared a stunning statistic: The number of vacant single-family homes for sale priced under $250,000 has halved since 2012. The post Are homes under $250,000 nearing extinction? appeared first on HousingWire.
Nov 6, 2019 via housingwire.com This week's Mortgage Tech Rundown focuses on the latest product and software developments, integrations and more from companies like Tavant, LBA Ware and Resonai. The post Mortgage Tech Rundown: Tavant, LBA Ware, and Resonai appeared first on HousingWire.
Nov 6, 2019 via housingwire.com Despite construction spending being on the uptick in recent months, the number of unfilled construction jobs rose in September on a year-over-year basis as labor shortages continue to impact the construction business. The post NAHB: Construction job openings are increasing appeared first on HousingWire.
Nov 6, 2019 via housingwire.com Recession fears have diminished now that the Federal Reserve has made three cuts to its benchmark rate and the yield curve is upward sloping again. The post Recession fears are fading, Wells Fargo says appeared first on HousingWire.
Nov 6, 2019 via cnbc.com After SoftBank reported its first quarterly loss in 14 years on Wednesday, CEO Masayoshi Son told investors that there may be more failures in the Vision Fund.
Nov 6, 2019 via housingwire.com Fannie Mae announced it completed its seventh credit risk transfer of 2019, transferring the risk on $10.5 billion in single-family loans. The deal, CIRT 2019-4, holds $10.5 billion in unpaid principal balance of 21-year to 30-year original term fixed rate loans as part of an effort to reduce risk on taxpayers by increasing the role of private capital. The post Fannie Mae transfers risk on $10.5 billion in single-family loans appeared first on HousingWire.
Nov 6, 2019 via housingwire.com In September, home prices climbed by 3.5% from the previous year, according to CoreLogic's latest Home Price Forecast. According to CoreLogic's data, home prices increased by 0.4% from August and are now projected to increase by 5.6% come September 2020. The post CoreLogic: U.S. home prices rise by 3.5% in September appeared first on HousingWire.
Nov 6, 2019 via redfin.com Pocket listings harm consumers. When agents offer their listings to exclusive networks of buyers, the academic research suggests minorities are most often the ones who are excluded. The post Why We Should All Support Clear Cooperation appeared first on Redfin Blog.
Nov 6, 2019 via housingwire.com Residents of Jersey City voted for strict restrictions on Airbnb and other short-term rental companies. Jersey City residents voted Tuesday in an overwhelming majority in favor of stricter regulations, which will most likely shrink the number of Airbnb listings in the city. The post Jersey City residents vote in strict regulations for Airbnb appeared first on HousingWire.
Nov 6, 2019 via cnbc.com When it comes to making money from selling your house, price appreciation is only part of the equation. You should think about how much it costs to own a home versus how much it costs to rent, according to Betterment.
Nov 6, 2019 via cnbc.com Airbnb is pushing out several new safety features in the wake of a tragic incident at one of their bookings, CEO Brian Chesky announced.
Nov 6, 2019 via cnbc.com Brian Chesky speaks live at the New York Times DealBook Conference Wednesday about increased regulatory scrutiny of Airbnb and his company's potential IPO.
Nov 6, 2019 via housingwire.com To reduce time to close, real estate professionals are turning to independent mortgage brokers in record numbers and seeing results that make borrowers happy and ready to refer. The post Closing on time starts with picking the right mortgage lender appeared first on HousingWire.
Nov 6, 2019 via cnbc.com The new regulations come amid a wave of laws considered in cities across the world that seek to regulate the rapid growth of Airbnb due to concerns over how the company affects long-term residents.
Nov 6, 2019 via redfin.com People often ask whether a home has good water pressure, but the stream of water from your shower or sink is about both water pressure and functional flow. Here's what you need to know. The post Does This House Have Good Water Pressure? appeared first on Redfin Blog.
Nov 6, 2019 via themortgagereports.com Could you do general home maintenance tasks without the help of Google? According to a new analysis, very few Americans can.
Nov 6, 2019 via cnbc.com Taylor Morrison, the nation's seventh-largest homebuilder by revenue, says it will buy William Lyon Homes, which has a large footprint in the West.
Nov 6, 2019 via cnbc.com Rates fell last week, but mortgage demand was unimpressed.
Nov 6, 2019 via zillow.com Active-duty military households spend 24.9% of their incomes on market rent, while veteran households spend 20.1% - significantly less than the 29.6% of income that the typical U.S. household pays for rent in 2019. Service members and veterans also pay a lower share of their incomes on mortgages: 13.4% and 10.9%, respectively, compared with 16% for all U.S. households. The post Military Veterans, Some Active-Duty Households Enjoy a Housing Affordability Edge appeared first on Zillow Research.
Nov 5, 2019 via cnbc.com HomeLight launched in 2012 as a real estate matchmaker, using algorithms to connect buyers and sellers with the best possible agents for their needs.
Nov 5, 2019 via themortgagereports.com According to a new analysis, negative mortgage rates just may be possible on American soil.
A weighted, repeat-sales index which measures average price changes on the same properties for single-family homes whose mortgages go through Fannie Mae or Freddie Mac.
Latest: 277.37 (August 2019), MoM change: +0.17%, YoY change: +4.61%
Source: Federal Housing Finance Agency
Median Sale Price Latest: $309,000 (September 2019), MoM change: -1.59%, YoY change: +4.75%
Median Price Per Square Foot Latest: $181 (September 2019), MoM change: +3.43%, YoY change: +1.12%
Latest: 97.80% (September 2019), MoM change: -0.36%, YoY change: -0.17%
Latest: 21.92% (September 2019), MoM change: -5.42%, YoY change: -3.52%
Price Drops Latest: 27.81% (September 2019), MoM change: -0.38%, YoY change: +5.17%
Only includes first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. For the past several decades, more than half of consumers choose 30-year, fixed-rate mortgages.
Rate Latest: 3.69% (October 2019), MoM change: +2.22%, YoY change: -23.60%
Points Latest: 0.60% (October 2019), MoM change: +20.00%, YoY change: +20.00%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS)
Active Listings Latest: 842,810 (September 2019), MoM change: -1.96%, YoY change: -7.68%
New Listings Latest: 308,250 (September 2019), MoM change: -8.43%, YoY change: -1.16%
Home Sales Latest: 267,720 (September 2019), MoM change: -15.90%, YoY change: +6.64%
Latest: 3.10 (September 2019), MoM change: +14.81%, YoY change: -13.89%
Median Days On Market Latest: 42 (September 2019), MoM change: +5.00%, YoY change: +5.00%
Only includes new, privately owned housing units in roughly 20,000 permit issuing places in the U.S. According to the Census Bureau, permit issuing places account for 98% of new construction. The data is not seasonally adjusted.
Latest: 114,900 (September 2019), MoM change: -10.09%, YoY change: +14.44%
Source: U.S. Census Bureau
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