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Karlie Kloss, Joshua Kushner make waves with $29.5M Malibu home

USA Real Estate News-Inman - Tue, 2024-08-27 12:35
The supermodel and her husband are the proud new owners of the iconic $29.5 million Malibu, California, "Wave House," sold for the first time in 36 years.

Borrowers clash on how far rates need to fall before they’re ‘Golden’

USA Real Estate News-Inman - Tue, 2024-08-27 12:07
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped.

OpenAI leaves San Francisco HQ after Elon Musk stops paying rent

USA Real Estate News-Inman - Tue, 2024-08-27 11:23
The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI's headquarters.

Consumer Confidence Up Slightly in August Due to Economy and Inflation

USA Real Estate News-RISMedia - Tue, 2024-08-27 11:13

The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1.  The Expectations…

The post Consumer Confidence Up Slightly in August Due to Economy and Inflation appeared first on RISMedia.

Home Price Growth Continues to Slow, but Experts Are Hopeful

USA Real Estate News-RISMedia - Tue, 2024-08-27 10:52

Home prices again appreciated year-over-year, although the rate continues to slow monthly, pointing again toward a normalization of the market through the coming months and in 2025. The S&P CoreLogic Case-Shiller Home Price Index for June 2024 saw a 5.4% annual gain in home prices, down from the 5.9% annual gain last month. The 10-City…

The post Home Price Growth Continues to Slow, but Experts Are Hopeful appeared first on RISMedia.

Rocket funding 2-year rate buydowns for low-income buyers

USA Real Estate News-Inman - Tue, 2024-08-27 10:17
Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires.

Which companies saw ‘rich and famous’ cash flow in H1 2024?

USA Real Estate News-Inman - Tue, 2024-08-27 10:09
Portals remain some of the most profitable businesses in real estate, while brokerage company profitability is more business model-dependent.

Case-Shiller Index keeps breaking records as HPI growth curbs pace

USA Real Estate News-Inman - Tue, 2024-08-27 10:03
Although home price growth is slowing, S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since in the last five years, prices in the lower end of the market have risen more quickly than other tiers.

Homeowners’ Tappable Equity Reaches Jaw-Dropping High of $17.6T in Q2 2024

USA Real Estate News-RISMedia - Tue, 2024-08-27 09:18

While the pace of home-price growth has slowed, homeowners with a mortgage saw their tappable equity soar to an all-new record high through the second quarter of 2024, according to the August 2024 ICE Mortgage Monitor Report. Tappable equity, the amount homeowners can access while keeping a 20% equity cushion, reached a new peak of…

The post Homeowners’ Tappable Equity Reaches Jaw-Dropping High of $17.6T in Q2 2024 appeared first on RISMedia.

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