Most expensive home listed in San Francisco takes $5.5M price cut

A mansion in the Presidio Heights neighborhood that had its price slashed to $39.5M is still the most expensive single-family home for sale in the Bay Area city, reports say. Continue reading

In 3 months, spending on new home construction fell by 9%

August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday. Continue reading

New home starts fall sharply: ‘The whole housing sector is in retreat’

The number of new construction projects for single family homes dropped by 10 percent in July, the steepest decline of the year, according to the U.S. Department of Housing and Urban Development. Continue reading

Property tax hikes slowed last year even as home sale prices soared

The average property tax bill rose by 1.8 percent in 2021. That’s the lowest increase in years, despite record home price growth, according to a new report from Attom Data Solutions. Continue reading

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading

‘Redemption month’: New home sales exploded in August

Sales of new, single-family homes rose an astounding 18 percent year-over-year in August, according to the U.S. Census Bureau. Continue reading

Coastal cities and Sun Belt metros are building homes wrong: Study

Zoning changes in Houston, Atlanta and elsewhere would allow ‘missing middle’ housing, according to new Apartment List study. Continue reading

It’s a small world after all: Single-family home construction plunged and average lot shrunk in 2017

Using data from the U.S. Census Bureau, the real estate database company found that home construction was down in each of the nine census divisions. Continue reading

Returns on home-flipping fall to 4-year low

In the second quarter of 2018, the average gross return-on-investment (ROI) for flipped homes was 44.3 percent, marking a 3.5 percent decline from the first quarter, and a 5.7 percent decline from this time last year. It’s also a major drop-off from th… Continue reading