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Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.

Nearly Half of U.S. Mortgaged Homes Are Considered ‘Equity-Rich’ According to Report — Less Than 3% Are Underwater

In this article The U.S. has been experiencing a surge in equity-rich housing, according to the latest report by the real estate data provider ATTOM. The figures for Q2 are impressive. Currently, the number of equity-rich mortgages in the U.S. is sixteen times greater than underwater mortgages. The U.S. Home Equity & Underwater Report shows that

By |2022-08-12T09:50:45-07:00August 12th, 2022|Industry News|

It Was Less Affordable To Buy A Home In June Than It’s Been In 33 Years

ToplineBuying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. Key Facts The National Association of Realtors’ housing affordability index, calculated using median single-family home prices, mortgage rates and median family incomes, hit 98.5 in

By |2022-08-12T09:51:45-07:00August 12th, 2022|Industry News|

Hugh Jackman Purchases a Very Nice NYC Penthouse for $21.1M

“The Greatest Showman” star Hugh Jackman has reportedly made a splashy real estate deal. The actor recently snapped up a New York City penthouse for $21.12 million, the Wall Street Journal reported.Located in a famed Jean Nouvel-designed building, the 4,675-square-foot luxury condo was initially listed in October 2021 for $25 million. It was relisted in

By |2022-08-12T09:51:08-07:00August 12th, 2022|Industry News|

A Buyer's Bonanza or a Seller's Dilemma? Where the Housing Market Sits Now and What It Means for You

The real estate market seems to have a split personality.On the positive side for homebuyers, the number of properties for sale shot up by a record-setting 30.7% this July compared with the same month last year, according to a recent® report. That's the most significant increase in active listings in the data's history. And

By |2022-08-12T09:51:09-07:00August 12th, 2022|Industry News|

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures

By |2022-08-12T09:50:26-07:00August 12th, 2022|Industry News|

Slowdown? What Slowdown? Here Are the 10 Cities Where Home Prices Are Still Soaring

Navigating the U.S. housing market in summer 2022 is seeming a bit like a high-stakes game of Perception vs. Reality.Perception: After two years of wildfire growth, the real estate business—buffeted by inflation and higher mortgage rates— is coming to a screeching halt. Reality: There are still way more people looking for homes than there are

By |2022-08-12T09:51:10-07:00August 12th, 2022|Industry News|

How Work-From-Home “Hotspots” Drove the Housing Market Even Higher

In this article What do work-from-home employees and the housing market have to do with each other? Surprisingly, a lot. At the start of 2020, as the first lockdowns were rolling in, many companies made the wise decision to allow their workers to temporarily work-from-home. As temporary became seemingly eternal, more employers started developing permanent

By |2022-08-12T09:50:46-07:00August 11th, 2022|Industry News|

Still Unfinished After 17 Years, $7M Castle Von Frandsen in Idaho Needs a Royal Touch

For anyone who's dreamed of bringing their own Lego fortress to life, this structure is for you. An unfinished lakefront castle in Sagle, ID, is now available for $7 million.The owner "has a unique passion for the medieval times and culture,” says listing agent Danny Davis with Coldwell Banker. “This has been a passion project

By |2022-08-12T09:51:10-07:00August 11th, 2022|Industry News|

Art Hotel Is a Colorful Oasis in the Palm Springs Desert

The Art Hotel in Palm Springs, CA, has been looking to book a buyer for a long stay. Owner and designer Tracy Turco reimagined the 1960 lodge as an art-themed, midcentury masterpiece.Featuring eight rooms available for nightly rentals, the hotel was recently available for $2.5 million. Turco and her husband, a real estate developer, purchased the

By |2022-08-12T09:51:11-07:00August 11th, 2022|Industry News|
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