Housing Market


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Red Apple Group’s John Catsimatidis and Muss Development’s Jason Muss (Getty; iStock)

Four Brooklyn landlords accused of illegally inflating rents

UPDATE, Oct. 30 2020, 2:30 p.m.: Four Brooklyn landlords have been hit with class action lawsuits accusing them of...

Four Brooklyn landlords accused of illegally inflating rents
The decline in contract activity may signal a drop in sales in the coming months (iStock)

Pending homes sales dipped in September

After four months of growth, the number of U.S. homes going into contract declined in September, indicating a slowdown in homebuyer demand. A National Association of Realtors index of pending home sales dropped 2.2...

Pending homes sales dipped in September
(Getty, iStock)

Refinancings drove up home mortgage apps last week

An increase in homeowners’ bids to refinance drove up the volume of mortgage applications last week. An index tracking...

Refinancings drove up home mortgage apps last week
U.S. home prices rose with Phoenix, Seattle and San Diego logging the biggest gains (iStock)

US home prices jump 5.2% in August

More good news for the U.S. housing market: Home prices continue to climb. Prices increased 5.2 percent year-over-year in August, according to the S&P CoreLogic Case-Shiller 20-city home price index, which tracks the housing...

US home prices jump 5.2% in August
An estimated 12.8 million Americans would owe an average of $5,400 from missed payments (iStock)

Rent debt could reach $70B by year’s end: Moody’s

Thousands of renters could be evicted from their homes in the next few months, leading to a housing crisis...

Rent debt could reach $70B by year’s end: Moody’s
(iStock)

New home sale prices rise but buyers are hanging back

Americans paid more for newly-built homes last month but they didn’t buy as many of them. The median price...

New home sale prices rise but buyers are hanging back
French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate

French buyers are flocking to London for home purchases. In the first nine months of the year, 11 percent...

French buyers are gobbling up prime London real estate
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock)

3M homeowners remain in forbearance

Nearly 3 million U.S. homeowners were in forbearance programs as of this week, a massive amount but still a sharp drop from 4.76 million at the height of the pandemic. That’s according to a...

3M homeowners remain in forbearance
Existing home sales rose again in September as listed inventory sunk to a new low. (iStock)

Existing homes sales remain high, but inventory is “historically low”

Sales for previously owned homes surged for a fourth consecutive month, but the number of properties for sale sunk...

Existing homes sales remain high, but inventory is “historically low”
(Getty, iStock)

Mortgage applications to buy homes decline for fourth straight week

The number of applications to buy homes dropped again last week, marking the fourth consecutive week of declines. The...

Mortgage applications to buy homes decline for fourth straight week

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