NOTE: Due to some organizational difficulties, the news updates have been delayed. We apologize for the confusion.
Here’s some new news concerning the world of real estate:
• American Homes4Rent readies for IPO
The real estate investment trust, founded by self-storage billionaire B. Wayne Hughes, plans to raise as much as $794 million in its sale of 44.1 million shares.
• Home prices, mortgage rates create buying shortage
Just 44 percent of Golden State residents were able to afford the median-priced home at the end of the first quarter.
• CNBC: Market not yet at boiling point
Prices are also rising because the supply of homes for sale is getting tighter.
• Bay area housing market looking good
San Francisco home prices have biggest increase in seven years.
• Phone apps making a scene in the real estate world
Ninety percent of consumers now start their real estate journeys on the Web, according to NAR.
• Rates up, mortgage apps down
Potential buyers shying away from the market as rates held steady just below their two-year highs.
