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Home Affordability in U.S. at Decade Low in 2018

Home Affordability in U.S. at Decade Low in 2018

According to ATTOM Data Solutions Q2 2018 U.S. Home Affordability Report, U.S. home prices in the first quarter were at the least affordable level since Q3 2008. Read More »

U.S. Home Sales Slip in May

U.S. Home Sales Slip in May

According to the National Association of Realtors, existing-home sales in the U.S. fell back for the second straight month in May 2018, as only the Northeast region saw an uptick in activity. Read More »

Mortgage Rates in U.S. Dip in Mid-June

Mortgage Rates in U.S. Dip in Mid-June

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates inched back over the past week and have now declined in three of the past four weeks. "Mortgage rates remained mostly tranquil heading into the first week of summer, declining five basis points to 4.57 percent" Read More »

 Miami Luxury Home Sales Spike 24 Percent Annually in May

Miami Luxury Home Sales Spike 24 Percent Annually in May

According to the Miami Association of Realtors, total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month. Read More »

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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated June 25, 2018 8:05 AM ET

United States Property News

Irvine, Ca-based Ten-X Commercial announced this week that they have handled over $20 billion in commercial real estate transactions since the platform's inception.

According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year.

According to CoreLogic's latest Single-Family Rent Index, which analyzes single-family rent price changes nationally and among 20 U.S. metropolitan areas, a national rent increase of 2.7 percent, which mirrors the rent increase for March 2017 when it was also 2.7 percent.

According to Redfin, across 174 U.S. housing markets, the typical home sold in May 2018 went under contract in 34 days, breaking April's record of 36 days, which was the fastest month on record going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May 2017.

According to a new Yardi Matrix report indicates that Chicago is living up to its financial hub status and continues to add high-earning jobs, driving multifamily rent growth.

The Orlando Regional Realtor Association is reporting the inventory of homes available for purchase in the Orlando area dropped to its lowest point this year in May 2018.

Based on Transwestern's latest edition of THE BRIEFING, the U.S. economy has continued to thrive throughout the second quarter of 2018, a theme that will continue to play heavily during midterm elections.

According to Freddie Mac's latest Primary Mortgage Market Survey, after declining for two straight weeks, U.S. mortgage rates reversed direction this week and rose to their second highest level this year.

According to a new report by Zillow, places where U.S. vacation homes are most common, the housing crisis still shows a noticeable effect on the vacation housing market.

More than 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in Q1 2018, down 5 percent from the previous quarter and down 3 percent from a year ago.

According to the Mortgage Credit Availability Index, U.S. Mortgage credit availability increased in May 2018.

4.3 percent of U.S. residential mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2018, representing a 0.1 percentage point decline in the overall delinquency rate, compared with March 2017 when it was 4.4 percent.

According to Freddie Mac's May 2018 Outlook Report, swift U.S. home-price growth and the ongoing climb in mortgage rates this year have made buying a home more expensive, but home sales are still on track to squeak out a gain in 2018.

According to the National Association of Home Builders, confidence in the U.S. multifamily housing market remained positive in the first quarter of 2018. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates dipped for the second consecutive week of June 2018. 30-year fixed-rate mortgage declined two basis points to 4.54 percent.

Independent mortgage banks and mortgage subsidiaries of chartered U.S. banks reported a net loss of $118 on each loan they originated in the Q1 2018.

Based on CoreLogic's latest Home Equity Report for the first quarter of 2018, U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 13.3 percent year over year.

According to the Greater Las Vegas Association of Realtors, prices for existing homes sold in Southern Nevada kept rising through May 2018 and are now approaching their all-time peak.

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