Irvine
Real Estate News

Seriously Negative Equity Homes in U.S. Down to 5.2 Million Units

Seriously Negative Equity Homes in U.S. Down to 5.2 Million Units

At the end of the first quarter of 2018, more than 5.2 million (5,206,446) U.S. properties were seriously underwater, down by more than 291,000 properties from a year ago. Read More »


Single Family Home Rents in U.S. Increased 2.8 Percent in 2017

Single Family Home Rents in U.S. Increased 2.8 Percent in 2017

A national rent increase of 2.8 percent in January 2018, compared to 2.6 percent in January 2017. Low rental home inventory fuels the growth of single-family rent prices. Read More »

$239 Billion of Property Taxes Levied on U.S. Single Family Homes in 2017

$239 Billion of Property Taxes Levied on U.S. Single Family Homes in 2017

ATTOM Data Solutions released this week its 2017 property tax analysis for more than 86 million U.S. single family homes, which shows that property taxes levied on single family homes in 2017 totaled $293.4 billion Read More »

Median Priced Homes in 68 Percent of U.S. Cities Not Affordable to Average Employee

Median Priced Homes in 68 Percent of U.S. Cities Not Affordable to Average Employee

Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties analyzed in the report (68 percent). Read More »


Click here to search for International Property Listings in Irvine.

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 May 3, 2018 8:01 AM ET

Irvine Property News

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $929 per loan in the third quarter of 2017.

ATTOM Data Solutions has just released this week their Q1 2018 Single Family Rental Market Report, which ranks the best U.S. markets for buying single family rental properties in 2018.

According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start.

U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 12.2 percent year over year, representing a gain of $908.4 billion since the fourth quarter of 2016.

The National Association of Realtors is reporting this week that U.S. home purchases by millennials ticked up over the past year, but inventory constraints and higher housing costs kept their overall activity subdued .

According to ATTOM Data Solution's Q4 and Year-End 2017 U.S. Home Flipping Report, 207,088 U.S. single family homes and condos were flipped in 2017, up 1 percent from the 204,167 home flips in 2016 to the highest level since 2006 -- an 11-year high.

A surge in U.S. multifamily production pushed overall housing starts up 9.7 percent in January 2018 to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December 2017 reading.

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

The world's largest international property listings portal GlobalListings.com has announced it has signed a worldwide news syndication partnership with The World Property Journal.

U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 676,535 properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest level since 2005.

Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017.

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

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.

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.

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.

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.


Page
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO