While existing-home sales fell 3.4% in May, median sale prices exceeded $400,000 for the first time, representing a nearly 15% increase from 2021.
Read More »The Dawn of a New Reality in Condo, Co-op Lending
Orest Tomaselli of CondoTek explains how sweeping changes by the GSEs as a result of the Champlain Towers tragedy have altered how lenders evaluate borrowers seeking condo and co-op properties.
Read More »Condo Prices Soar in 2022 as Demand Returns
At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
Read More »10 Housing Predictions for 2022
An analysis finds that higher rates may stifle price growth, with new listings hitting a 10-year high in the new year.
Read More »New Rules to Protect Consumers From Unsafe Condos
In response to mounting concerns about aging condos after the Champlain Towers South collapse in Surfside, Florida, Fannie Mae has instituted new rules about deferred maintenance before they will take on the loan.
Read More »Single-Family Homes Selling at Prices 17% Above Condos
According to a new analysis from Redfin, the typical American single-family home that sold this year went for an average price that was 17.3% more than the typical ...
Read More »Good News for 55+ Homebuyers
Why are builders and developers in the 55+ housing market are reporting strong demand across the country? Click through to learn more.
Read More »Why Aren’t More Millennials Buying Homes?
They want to buy but few young Americans plan to purchase a home in the near term. Here’s what a report revealed about why millennials are uncertain about investing in their own abode.
Read More »Where are Homes Selling for Millions?
Some lucky home sellers have made a serious killing at the closing table since the turn of the century. Just how many? That’s the million-dollar question … and one a data provider set out to answer.
Read More »The Ups and Downs of California’s Housing Market
Homes in the Golden State are selling fast, but not at the same clip as last year a report found. What other factors impacted the nation’s hottest housing market in the first quarter?
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