• Median home price climbs to all-time high
    by jguerin@housingwire.com on July 18, 2019 at 4:01 am

    The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% from a year ago, according to the latest from ATTOM Data Solutions. […]

  • TurboTenant raises $6.5 million to support multifamily housing
    on July 17, 2019 at 9:32 pm

    In funding led by Real Estate Technology Ventures, TurboTenant has raised $6.5 million in an effort to expand its marketing and development teams, and to fuel customer growth and product innovation. […]

  • Homeowners are taking on fewer house projects, but they’re spending more
    by jguerin@housingwire.com on July 17, 2019 at 6:02 pm

    The volume of home maintenance and remodeling projects is declining, while spend for both is increasing, and this all signals the likelihood of a continued slowdown for the housing market. According to the latest Housing Health Report from BuildFax, much of the spend is concentrated in states where affordable housing is bringing an influx of residents. […]

  • Charles Manson murder house lists for $1.98 million
    by kkhowley@housingwire.com on July 17, 2019 at 3:44 pm

    The Los Angeles home where Charlie Manson and accomplices murdered Leno and Rosemary LaBianca has hit the market for $1.98 million, three weeks short of the 50th anniversary of the grisly crimes. […]

  • Housing starts slid further in June as rising construction costs weakened the market
    on July 17, 2019 at 12:52 pm

    Rising construction costs and a growing shortage of skilled labor contributed to housing starts falling further in June, according to the latest report from the U.S. Department of Housing and Urban Development and the U.S. Department of Commerce. According to the analysis, housing starts fell 0.9% in June 2019 to a seasonally adjusted annual rate of 1.253 million units. […]

  • Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate
    by kkhowley@housingwire.com on July 16, 2019 at 7:34 pm

    Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from the 3.9% the mortgage financier called for a month ago. Unemployment probably will average 3.7% this year and 4% in 2020. […]

  • MoxiWorks hires two new directors of business development
    on July 16, 2019 at 6:52 pm

    Real estate technology company MoxiWorks has taken on two new recruits with extensive backgrounds in the mortgage and housing industry. Kirsten “Kiki” Wanshura and Heather Glass are the two new directors of business development at MoxiWorks. […]

  • Former Freddie Mac CEO says GSEs should be regulated like utilities
    by kkhowley@housingwire.com on July 16, 2019 at 6:50 pm

    Two weeks into his new gig as a senior fellow at Harvard University’s Joint Center for Housing Studies, Donald Layton, who was the CEO of Freddie Mac until the end of June, is speaking out – in favor of utility-style regulation of the GSEs. He also states the mortgage giants were “lazy competitors” before the 2008 government seizure. […]

  • Homebuilder confidence rises slightly, but cost concerns threaten future growth
    on July 16, 2019 at 2:08 pm

    Although homebuilder confidence inched forward one point to 65 in July, many builders still report rising construction costs as a major cause of concern, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said while the current low mortgage interest rate environment should be getting more buyers off the sidelines, they remain hesitant due to affordability concerns. […]

  • Americans spent an average of $9,081 on home improvements in 2018 alone
    on July 15, 2019 at 10:04 pm

    Digital marketplace HomeAdvisor indicates that consumer spending on home improvement projects has increased by 17% since last year. According to the company’s State of Home Spending Report, American homeowners are now spending more money on home improvements than home maintenance. […]