There may be a property tax revolt surging across the U.S., but the reality is that most states still collect property taxes—and they’ve risen across the board. Nationwide, the effective tax rate... Read more »
Sales will resume at the West Hollywood condominium complex once known as the Pendry Residences. The 40-unit property at 8420 Sunset Boulevard finished the last of the paperwork with the California Department... Read more »
The legal battle between the University of California, Los Angeles, the City of Pasadena and the Rose Bowl Operating Company continues as the school mulls potentially abandoning its lease to play football... Read more »
The spring homebuying season kicked off with a monthly jump in purchase mortgage locks despite rising interest rates. Rate lock volume rose 5% from January to February due to a notable 8.3%... Read more »
Key Highlights Existing-home sales expanded 3.1% in January to a seasonally adjusted annual rate of 4.00 million. Sales declined 1.7% from the prior year. The median existing-home sales price climbed 5.1% from... Read more »
Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction. Mortgage applications for new home purchases rose 19.1% in January... Read more »
The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in... Read more »
Housing starts surprised in October. They rose to a seasonally adjusted annual rate of 1,372,000, the highest in three months, according to the U.S. Department of Housing and Urban Development and U.S.... Read more »