2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research, 2023 inventory bottomed... Read more »
Today’s existing home sales report was a massive beat, similar to what happened last year in this month. Will this mark the high point for sales this year like it did in... Read more »
WASHINGTON, D.C—Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, the largest monthly increase since February 2023. Sales declined 3.3% from the previous year. The median... Read more »
Investors Mark Cirlin and Man Li-Yeh have parted with a Malibu estate for $38.45 million, marking the priciest home sale in Los Angeles County so far this year. The property, at 33740... Read more »
Los Angeles apartment rents, which fell for four months at the end of last year, have rebounded. Average asking rents in Los Angeles rose 0.4 percent on a per-square-foot basis in February,... Read more »
California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss... Read more »
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people... Read more »
The median asking rent in the United States rose 2.2 percent year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9 percent increase compared to... Read more »
At Promenade Towers, a Bunker Hill apartment complex with 611 units that bills itself as “an urban oasis in the heart of downtown,” tenants received 371 eviction notices from late January through... Read more »
Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. ... Read more »