Real Estate News Feed
Mortgage Applications Increase
Wed, 26 Jun 2019 12:08:06 GMT
The seasonally adjusted Purchase Index decreased 1 percent while the Refinance Index increased 3 percent from the previous week.
Baby Boomers Creating "Gridlock" By Aging In Place
Wed, 26 Jun 2019 12:07:34 GMT
Instead of moving to retirement communities like many of their parents did when they got older, Baby Boomers are opting to age in place. The “near-gridlock” is keeping about 1.6 million houses off the national market, the Tribune story said, citing a Freddie Mac analysis.
Rent Control Sends New York Building Values Tumbling
Wed, 26 Jun 2019 12:07:00 GMT
New York’s new rent control law could cause rent-stabilized apartment buildings to drop 20% to 45% in value, brokers and investors said in a Wall Street Journal story on Monday.
Trump Signs Order To Tackle Lack Of Affordable Housing
Wed, 26 Jun 2019 12:06:19 GMT
In effect, he is “tearing down red tape in order to build more affordable housing,” a White House release said.
New Home Sales Decrease In May
Tue, 25 Jun 2019 12:06:41 GMT
Sales of new single-family houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
More Buyers Are Coming, But There’s Not Enough Housing
Tue, 25 Jun 2019 12:06:08 GMT
The number of people forming households is back from post-recession lows, but economists are alarmed because housing production is failing to keep up.