World Property Journal » Phoenix Real Estate News
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Covers news articles on Phoenix real estate and property news.
THE WORLD PROPERTY JOURNAL is the real estate news and information business - on a global scale. Our editorial focus and goal is simple - to help all active property buyers, sellers, investors and tenants worldwide - make more informed transaction decisions.
World Property Journal » Phoenix Real Estate News
2y ago
Pending sales were up just 4%, the smallest year-over-year increase since June 2020. Other housing market measures continued to show a typical seasonal cooling, with fewer than half of homes selling above list price and new listings of homes for sale down 20% from their 2021 peak ..read more
World Property Journal » Phoenix Real Estate News
2y ago
National property broker Redfin is reporting that the average U.S. homebuyer's monthly mortgage payment rose $50 over the last six weeks. At the same time, sellers' median asking price increased 12% year over year to a new record-high and mortgage rates surpassed 3 ..read more
World Property Journal » Phoenix Real Estate News
2y ago
The National Association of Realtors Senior Economist and Director of Forecasting, Nadia Evangelou, is reporting that U.S. mortgage rates rose sharply this past week following the trend of the 10-year Treasury yield ..read more
World Property Journal » Phoenix Real Estate News
2y ago
According to the National Association of Realtors, pending U.S. home sales rebounded in August 2021, recording significant gains after two prior months of declines. Each of the four major U.S. regions mounted month-over-month growth in contract activity ..read more
World Property Journal » Phoenix Real Estate News
2y ago
Based on CoreLogic's latest Homeowner Equity Report for the second quarter of 2021, U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 29.3% year over year, representing a collective equity gain of over $2.9 trillion, and an average gain of $51,500 per borrower, since the second quarter of 2020 ..read more
World Property Journal » Phoenix Real Estate News
2y ago
According to the Mortgage Bankers Association's latest Commercial and Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter of 2021 ..read more
World Property Journal » Phoenix Real Estate News
2y ago
The Mortgage Bankers Association's latest Builder Application Survey August 2021 shows mortgage applications for new home purchases decreased 17 percent compared from a year ago. Compared to July 2021, applications increased by 9 percent. This change does not include any adjustment for typical seasonal patterns ..read more
World Property Journal » Phoenix Real Estate News
2y ago
According to new market research by Zillow, runaway monthly increases in U.S. home values and rents tempered in August 2021. This is paving the way for a strong but more manageable housing market come fall ..read more
World Property Journal » Phoenix Real Estate News
2y ago
According to the National Association of Realtors, Existing-home sales retreated in August 2021, breaking two straight months of increases. Each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective ..read more
World Property Journal » Phoenix Real Estate News
2y ago
According to ATTOM Data Solutions' second-quarter 2021 U.S. Home Flipping Report, 79,733 single-family homes and condominiums in the United States were flipped in the second quarter ..read more