News / Features

Live out your fantasy in the Unicorn House

Located near downtown Atlanta is a charming, funky hideaway aptly called the Unicorn House. It’s embellished with backyard greenery, several outbuildings and so — so — much colorful art.

Land ho! For the low price of $49,000

Treasure awaits … floating on the Potomac River in Virginia. This unique pirate ship home is listed by owner Daniel Corder for $49,000.

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Pending home sales decline for second consecutive month in July 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

RE/MAX: Denver median-sales price slides as inventory jumps 

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

NAR: Existing-home sales fall again in July, but could stabilize  

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

New-home construction falls 9.6% in July 

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

NAHB: U.S. in a “housing recession,” single-family starts will decline in 2022 

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

Keller Williams launches new business-development programs for agents 

The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities. 

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Zillow brings Opendoor offers to its platform 

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate agent. 

Rental and homeowner vacancy rates still near historic lows, Census data shows

The national rental vacancy rate dropped to 5.6% in the second quarter of the year while the homeowner vacancy rate remained at 0.8%.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

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