News Ticker

[ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
[ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
[ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
[ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
[ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News

Daily Real-estate News

U.S. Home Prices Surge to Record High Amid Housing Boom
COVID-19 Pandemic Spurs Home Renovations and Remodeling Boom
Millennials Fueling Strong Demand for Housing, Driving Up Prices
Housing Inventory Remains Low, Pushing Buyers to Compete for Homes
Remote Work Driving Migration to Suburbs and Smaller Cities
New Home Construction Slows Due to Labor Shortages and Rising Costs
Rising Interest Rates Could Cool Down Housing Market Boom
Low Mortgage Rates Continue to Support Housing Market Growth
Increasing Number of Renters Struggling to Afford Housing
Tech Companies Invest in Real Estate for Office and Data Center Space

FSBOs Usually Soar in a Hot Market. Not This Time

August 30, 2022 Allen Santos Comments Off

The volatile housing market over the last couple of years has driven more consumers toward using real estate professionals rather than attempting to complete a transaction independently. FSBOs made up only 7% of home sales […]

REALTORS(R) Rush Aid to Kentucky, Missouri Flood Victims

August 29, 2022 Allen Santos Comments Off

The record-setting rains that deluged areas of Kentucky and Missouri in July caused extensive damage to homes and properties. The REALTORS(R) Relief Foundation has provided $1 million to help flood victims in both states stay […]

Survey: 94% of Sellers Don’t Disclose Property Defects

August 25, 2022 Allen Santos Comments Off

Home buyers who waive the inspection contingency must rely heavily on seller disclosures to be informed about any potential problems with the property. But more than 90% of buyers say they found at least one […]

Economist: Mortgage Rates Hurt Buyers More Than Home Prices

August 25, 2022 Allen Santos Comments Off

Mortgage rates were back on the rise this week, hitting an average of 5.55%, Freddie Mac reported Thursday. Rates are nearly double what they were a year ago, and the latest housing data from the […]

NAR: Contract Signings, Down Again, May Have Hit Bottom

August 24, 2022 Mariel Alumit Comments Off

Home buyers continue to recoil from higher mortgage rates and home prices, with pending home sales in July plummeting nearly 20% year over year, according to data from the National Association of REALTORS(R) released Wednesday. […]

New-Home Sales Plummet as Rising Costs Sideline More Buyers

August 23, 2022 Allen Santos Comments Off

Just a year ago, homebuilders were overflowing with new contracts and, at times, raffling off their few remaining lots to wait-listed buyers. But since then, buyer traffic has slowed significantly as costs have soared. Rising […]

Homes Haven’t Been This Unaffordable Since 1989

August 22, 2022 Allen Santos Comments Off

The average monthly mortgage payment jumped 54% year over year in June while the median household income rose only 5.8%, according to the National Association of REALTORS(R)’ Housing Affordability Index. As home affordability weakened and […]

Mortgage Rates Settle In the 5% Range

August 18, 2022 Allen Santos Comments Off

Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year fixed-rate mortgage averaged 5.13% this week, down slightly from its 5.22% average a week ago, […]

Latest Home Sales Data Points to ‘Housing Recession’

August 18, 2022 Mariel Alumit Comments Off

More signs are pointing to a housing slowdown as existing-home sales–completed transactions for single-family homes, townhomes, condos and co-ops–fell 5.9% month over month and 20% year over year, according to the National Association of REALTORS(R)’ […]

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate

August 18, 2022 Allen Santos Comments Off

They may have discussed the nuances of onshoring, friendshoring, nearshoring and repatriating, but speakers at the National Association of REALTORS(R)’ C5 Summit this week agreed on this: U.S. companies are looking to bring operations home […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]