
Existing-Home Sales Fell 2.0% in August While Supply Reached a Decade High
NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

NAR reported 3.98 million annualized sales and 4.9 months of inventory, the deepest supply in more than ten years.

Edition snapshot

Illustrative residential architecture; not a property discussed in the article.
Original Estate Wire coverage
220 stories found · page 1 of 11
Four officials broke from the April decision, the most dissents at a single meeting in more than three decades, as the housing sector stayed the weakest part of an otherwise expanding economy.
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The mortgage giant's second-quarter earnings show the conservatorship-era income machine still running, even as it reports helping fewer than half a million households.
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A credit reserve release lifted second-quarter net income to $3.8 billion, even as single-family and multifamily delinquency both rose for a second straight year-over-year comparison.
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MGIC and Radian posted another profitable quarter as the GSEs let insurers choose between VantageScore and FICO for capital purposes — a change analysts call a work in progress, not a breakthrough.
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MBA's second-quarter survey found the seriously delinquent rate rising for a fourth straight quarter even as the seasonally adjusted headline number improved slightly.
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The Federal Reserve's May Financial Stability Report flags elevated residential valuations even as mortgage delinquencies stay low and equity cushions remain large.
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'A promise to reach substantial compliance in the future is not substantial compliance,' the judge wrote, keeping Provident-owned Lakeland Bank under oversight through September 2027.
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State regulators say the servicer force-placed hazard insurance on customers with active homeowners policies; New Jersey and Massachusetts even disagree on how many states joined.
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A handful of nonbank issuers now dominate a portfolio that guarantees a share of more than $9 trillion in mortgage-backed securities, and the agency's own watchdog says nobody has run the numbers on what a failure would mean.
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The Fed's G.19 release shows credit-card and installment borrowing accelerating together — a signal that bears on mortgage underwriting even though the report excludes housing debt entirely.
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A 22-question request for information targets TRID timing, the right of rescission and reverse-mortgage disclosures, implementing a March executive order on mortgage credit access.
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The Fed's quarterly loan officer survey found weaker demand for home loans on balance, even as home equity line demand strengthened and commercial real estate standards eased.
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Five mortgagee letters eliminate a homebuyer disclosure form, make appraisal field reviews optional, and ease 203(k) rehab-loan draw limits, continuing a two-year deregulatory push at the FHA.
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Keyes/Illustrated Properties data show luxury single-family sales up 20% and condo transactions up 23%, driven by buyers from New York and Illinois rather than California.
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House sales are up and inventory is tight; condo sales are up too, but prices there are falling and a post-Surfside reserve law is a big reason why.
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122 Bloomfield Drive sold for $15.7 million, or about $1,820 a square foot, as buyers pay coastal-adjacent prices to avoid coastal insurance costs.
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The Dingle brothers' $75 million waterfront spec mansion at Royal Palm Yacht & Country Club more than doubled the city's previous record — set by their own 2024 land purchase.
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A Rihanna-rented Ute Avenue mansion fetched $63.5 million against a $79 million prior ask, while $10 million-plus sales in Aspen and Snowmass fell 35% year over year in August.
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Fayetteville, Gainesville and New Bern each secured roughly $25 million Choice Neighborhoods Implementation grants, part of a competition that drew at least 14 applicant cities.
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A $2.3 million, five-year HUD award at Wentworth Gardens pairs job placement with a rent-incentive mechanism designed to remove the disincentive to earn more.
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