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Real Estate News

Renting Homes More Affordable Than Buying in Most U.S. Cities

Renting Homes More Affordable Than Buying in Most U.S. Cities

According to ATTOM Data Solutions new 2019 Rental Affordability Report, renting a three-bedroom property in the U.S. is more affordable than buying a median-priced home in 442 of 755 U.S. counties analyzed for the report -- 59 percent. Read More »


California Home Sales Continue to Sputter in November

California Home Sales Continue to Sputter in November

Based on a new report by the California Association of Realtors, California home sales remained on a downward trend for the seventh consecutive month in November 2018 as prospective buyers continued to wait out the market. Read More »

 Mortgage Refi's in U.S. Plummet 21 Percent, Lowest Levels in 18 Years

Mortgage Refi's in U.S. Plummet 21 Percent, Lowest Levels in 18 Years

681,455 refinance mortgages in the U.S. secured by residential property (1 to 4 units) were originated in the third quarter, down 15 percent from the previous quarter and down 21 percent from a year ago to the lowest level as far back as data is available -- Q1 2000. Read More »

Institutional Investors Buying 10 Percent of all iBuyer Homes in U.S.

Institutional Investors Buying 10 Percent of all iBuyer Homes in U.S.

According to ATTOM Data Solutions, nearly one in 10 U.S. homes sold so far in 2018 by the nation's two leading iBuyers -- Opendoor and Offerpad -- were purchased by institutional investor entities buying at least 10 homes. Read More »


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 January 10, 2019 8:46 AM ET

Irvine Property News

According to a consumer survey released by the California Association of Realtors, despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually.

According to new research by ATTOM Data Solutions, the 10 best days of the year to buy a home in the U.S. are primarily in December (7 days), and one day in each in the months of October, November and February.

According to ATTOM Data Solutions' 2018 Vacant Property and Zombie Foreclosure Report, nearly 1.5 million (1,447,906) U.S. single family homes and condos were vacant at the end of Q3 2018, representing 1.52 percent of all homes nationwide -- down from 1.58 percent in 2017.

A total of 177,146 U.S. properties with foreclosure filings in the third quarter of 2018, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005.

Based on ATTOM Data Solutions newly released Q3 2018 U.S. Home Affordability Report, U.S. home prices in the third quarter of 2018 were at the least affordable level since Q3 2008 -- a 10-year low.

There were 70,166 U.S. properties with foreclosure filings in August 2018, up 9 percent from July but still down 7 percent from a year ago. Nationally one in every 1,910 U.S. properties had a foreclosure filing in August 2018.

More than 1.5 million loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter and down 27 percent from a year ago to the lowest level since Q1 2014.

Median home prices in cities with the top 80th percentile for natural hazard housing risk have appreciated 40% on average over the last 10 years

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter.

According to CoreLogic's latest Mortgage Fraud Report, there was a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter of 2018, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

Home Flipping Report, homes flipped in the second quarter of 2018 yielded an average gross return on investment of 44.3 percent, down from 47.8 percent in the previous quarter and down from 50.0 percent in Q2 2017 to the lowest average gross flipping ROI since Q3 2014.

U.S. markets where residential land use has the strictest regulations, and which often struggle to accommodate new housing, strong job growth, is also associated with a much larger increase in home values.

U.S. single family homes and condos sold for a median price of $255,000 in the second quarter, up 6.3 percent from a year ago to a new all-time high but the slowest annual appreciation since Q2 2016.

According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot.

362,275 U.S. Foreclosure Filings Reported in First Half of 2018. down 15 percent from the same period a year ago and down 78 percent from a peak of 1,654,634 in the first six months of 2010.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

According to ATTOM Data Solutions Q2 2018 U.S. Home Affordability Report, U.S. home prices in the first quarter were at the least affordable level since Q3 2008.

Irvine, Ca-based Ten-X Commercial announced this week that they have handled over $20 billion in commercial real estate transactions since the platform's inception.


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