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HousingWireHousingWire After blasting off in July, new-home sales returned to earth in August. Sales dropped by 4.7% month over month, according to data published Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In August, new-home sales posted a seasonally adjusted annual rate of 716,000. This was down from the…
Continue reading →HousingWireHousingWireApplicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales and operational staff, preparing for the expected drop in rates…
Continue reading →HousingWireHousingWire Michigan-based ERA Prime Real Estate Group is continuing its acquisition spree. On Tuesday, the firm announced its acquisition of Southgate, Michigan-based GAP Realty Group. ERA Prime Real Estate Group, which also has offices in Farmington and Grand Blanc, said that the acquisition would increase the firm’s services area and…
Continue reading →HousingWireHousingWire Just when you think you can anticipate the next trend in real estate, get ready for a new twist. Home prices increased 5.4% nationally in June when compared with the previous year, according to the S&P CoreLogic Case-Shiller index. Though this is a decrease from the 5.9% pace recorded…
Continue reading →HousingWireHousingWire Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. But people have returned to the Windy City and, lately, home…
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