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Real Estate News

Average Down Payment For U.S Home Purchase Reaches New High of $76,645

Average Down Payment For U.S Home Purchase Reaches New High of $76,645

The median down payment for single family homes and condos purchased with financing in the third quarter was $20,000. Read More »


Top 5 U.S. Housing Markets Buyers Most Likely to Move Revealed

Top 5 U.S. Housing Markets Buyers Most Likely to Move Revealed

The U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee. Read More »

Homeowner Equity in U.S. Increased $871 Billion in Q3

Homeowner Equity in U.S. Increased $871 Billion in Q3

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have collectively seen their equity increase 11.8 percent year over year, representing a gain of $870.6 billion since Q3 2016. Read More »

U.S. Home Prices Enjoy Consecutive Months of 7 Percent Annual Increases

U.S. Home Prices Enjoy Consecutive Months of 7 Percent Annual Increases

According to CoreLogic's latest U.S. Home Price Index and Forecast for October 2017, home prices nationwide are up both year over year and month over month. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated December 14, 2017 7:56 AM ET

Irvine Property News

Sales of newly built, single-family U.S. homes in October 2017 rose 6.2 percent to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September 2017 reading.

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.

The retail industry of 2030 will provide tailored experiences for individual customers across any channel, at any place and at any time using data analytics and new technology. These changes will have a profound impact on the global retail property sector as well.

The willingness of tech companies to pay a premium for office space in the hottest tech submarkets is spilling over into neighboring submarkets as available office space dwindles.

According to ATTOM Data Solutions' Q3 2017 U.S. Home Equity & Underwater Report, at the end of the third quarter of 2017 there were 4.6 million (4,628,408) U.S. properties that were seriously underwater

distressed home sales accounted for 12.5 percent of all home sales in Q3 2017, down from 13.5 percent in the previous quarter and down from 14.1 percent in Q3 2016 to the lowest level since Q3 2007.

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.

After three straight monthly declines, existing-home sales in the U.S. slightly reversed course in September 2017, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

According to CoreLogic's latest Loan Performance Insights Report, at a national level, 4.6 percent of mortgages in the U.S. were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017.

A total of 191,824 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the third quarter, down 13 percent from the previous quarter and down 35 percent from a year ago to the lowest level since Q2 2006

According to CoreLogic's latest Home Price Index for August 2017, U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 percent from August 2016 to August 2017.

This week the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index -- covering all nine U.S. census divisions reported a 5.9% annual gain in July 2017.

The median home price in U.S. cities in the 80th percentile for natural hazard risk (top 20 percent with highest risk) have increased more than twice.

According to ATTOM Data Solutions' Q2 2017 U.S. Home Flipping Report, 53,638 single-family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter.

More than 2 million (2,033,296) loans were originated on U.S. residential properties (1 to 4 units) in the second quarter of 2017, up 27 percent from a three-year low in the previous quarter but still down 12 percent from Q2 2016.

U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from July 2016 to July 2017, and on a month-over-month basis, home prices increased by 0.9 percent in July 2017.

Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions.


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