People are staying in their homes longer than ever before, but it may pay off big for them should they choose to move.
That’s according to a recent report from ATTOM Data Solutions, which stated that both homeownership tenure and home seller profits simultaneously hit new highs.
ATTOM’s Year-End 2019 U.S...Read more
Single-family rent prices increased 3% in November 2019 over the same time period in the previous year, according to CoreLogic’s Single-Family Rent Index,
In October, low-end rent prices went up 3.6%, while high-end price gains rose 2.9%.
(Image courtesy of CoreLogic. Click to enlarge.)
Overall, year-over-year rent price increases have slowed down since...Read more
TransUnion recently reported that there will be a flood of first-time homebuyers in the market over the course of the next three years.
Now, it looks like that flood may be ready to start, but the news isn’t all good.
The latest Housing Trends Report for the National Association of Home...Read more
Just a few weeks ago, it looked like CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was mere days from shutting down.
Now, it looks like the company has been saved from the chopping block, at least...Read more
Keller Williams, the largest real estate franchise, is expanding its presence in Latin America and the Caribbean, opening new offices in Honduras and Turks and Caicos.
The Honduras office will be led by Raul Martinez, and the office in Turks and Caicos, an archipelago of 40 islands about 400 miles southeast...Read more
It looks like Radian Group’s much-heralded acquisition of Clayton Holdings back in 2014 is turning out to be quite the hit-or-miss deal.
Radian paid $305 million to acquire Clayton, which provides loan due diligence, surveillance, REO management, consulting, valuation, title and settlement services to the mortgage industry, along with its subsidiaries...Read more
CNBC's Diana Olick reports on new home sales data that largely beat expectations.Read more: https://www.cnbc.com/video/2020/01/22/existing-home-sales-jump-3point6percent-vs-1point5percent-expected.htmlRead more
U.S. existing-home sales reversed course in December, rising 3.6% from the previous month’s pace, according to the National Association of Realtors.
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – rose to a seasonally adjusted annualized rate of 5.54 million. This means sales are 10.8% above December 2018’s...Read more
Buyers are trolling the nation's neighborhoods looking for homes at the fastest pace in nearly two years, making an already critical shortage of inventory even worse. Sales of existing homes jumped a larger-than-expected 3.5% in December compared with January, according to the National Association of Realtors.Read more: https://www.cnbc.com/2020/01/22/supply-of-homes-for-sale-hits-record-low-and-prices-suddenly-jump.htmlRead more
The traditional February pickup in new-home traffic is watched by economists as an early gauge for overall housing demand. This year is different.
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WeWork said the sales are part of the company's effort to focus on the core co-working business.Read more: https://www.cnbc.com/2020/01/22/wework-sells-teem-and-its-stake-in-the-wing.htmlRead more
Home prices increased in November, rising only 0.2% from the previous month’s revised pace, but up 4.9% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac...Read more
Mortgage applications fell 1.2% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
This means on a seasonally adjusted basis, the index slid by 1.2% for the week ending on Jan. 17, 2020.
On an unadjusted basis, the index inched forward 0.4% compared to the previous week.
Joel Kan, the associate vice president...Read more
Mortgage application volume fell 1.2% last week from the previous week, according to the Mortgage Bankers Association.Read more: https://www.cnbc.com/2020/01/22/weekly-mortgage-applications-pull-back-slightly.htmlRead more
Thomas Li from CLSA says based on the firm's so-called 'Feng Shui Index,' Hong Kong's Hang Seng index is set to gain this year, driven by property and resources sectors.Read more: https://www.cnbc.com/video/2020/01/22/property-and-resources-sectors-to-excel-in-year-of-the-metal-rat-clsa.htmlRead more
Fannie Mae raised its forecast for 2020 home-price gains, saying low mortgage rates and a strong labor market will pump up demand for properties.
Single-family home prices probably will increase at a 4.6% pace this year, Fannie Mae said in a forecast on Tuesday. That compares with the 4.1% advance for...Read more
Construction finance software company Built Technologies announced this week that it acquired of lienwaivers.io, a provider of lien waiver management and payment solutions for commercial and residential construction.
With this acquisition, Built Technologies states that it is now the first construction finance platform to provide solutions for all key stakeholders involved...Read more