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Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows
Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows Foreclosures surged across the US in February, marking the twelfth straight month of annual increases amid an ongoing housing affordability crisis, according to new data. There were 38,840 properties with foreclosure filings nationwide in February, real estate analytics firm ATTOM said in a report released on Thursday, March 12. That was up 20% from February 2025. ATTOM CEO Rob Barber said the latest numbers reflect a rise in foreclosures after several years of unusually low levels. "Foreclosure activity in February marked the twelfth consecutive month of annual increases, extending a…

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by Chris Spiker
Real Estate
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…

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by Chris Spiker
Real Estate
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…

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by Joe Lombardi
Real Estate
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…

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by Chris Spiker
Real Estate
CT Community Named Hottest Real Estate Market In The Nation; 2 Others Make Top 20 CT Community Named Hottest Real Estate Market In The Nation; 2 Others Make Top 20
CT Community Named Hottest Real Estate Market In The Nation; 2 Others Make Top 20 With home sales surging across the country, one Connecticut city was named the nation's hottest housing market once again, according to a new report. Two others made the top 20.  Hartford earned the top spot for February 2025 after seeing a jump in interest from buyers looking to move there, Realtor.com reported. The site credited the historic city's strong job market and high-quality schools as key factors driving the renewed demand. The median price for a Hartford home hit $434,000 in February, rising 6.6 percent compared to last year, Realtor.com reported. Despite higher prices, lis…

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by Josh Lanier
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …

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by Chris Spiker
Real Estate
These CT Zip Codes Among Top 100 Most Expensive In US: New Rankings These CT Zip Codes Among Top 100 Most Expensive In US: New Rankings
These CT Zip Codes Among Top 100 Most Expensive In US: New Rankings Connecticut is well-represented in brand-new rankings of the nation's 100 most expensive zip codes. Property Shark says it based the rankings on median sale prices based on closed home sales. The neighborhood of Riverside (zip code 06878) in Greenwich is No. 1 in Connecticut at $2.51 million for 53rd overall. Greenwich (06830) ranks 64th at $2.27 million. Old Greenwich (06870) checks in at No. 80 at $2.09 million. One other Connecticut municipality made the Top 100 -- No. 99 Darien (06820) at $1.92 million. No. 33 Nantucket (02554) leads New England real estate at $2.9 million. Ne…

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by Joe Lombardi