At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.
Meanwhile, the Mortgage Bankers Association’s seasonally adjusted purchase index rose 8% from the previous week.
Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.
The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?
Millennials were once referred to as the “renter generation” because of their preference for apartment living in urban areas over purchasing a home in the suburbs like their Baby Boomer parents.
Home prices continued to gain steam in April, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 2.1% increase from March and a 14.6% increase from a year earlier.
The real estate investment and land asset-management company has identified 17 near-term development opportunities and is in advanced negotiations to develop build-to-rent communities with about 2,500 units across the country.
Nationwide multiple listing service My State MLS integrated what3words, a free app that makes it easier to guide agents and clients to an exact location.
Existing-home sales declined nationwide for the fourth month in a row in May, as the median price for existing homes hit another record high, the National Association of Realtors said.
Mortgage applications for new-home purchases fell 9% on a monthly basis and 5.9% on a year-over-year basis in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.