Housing markets

The $10 million home that just went on the market in Bennett Valley was built with tech money and there's a good chance tech money will buy it.

Colorado Springs-area home prices soared to a second consecutive record high last month, as a steady demand on the part of buyers and a dearth of properties for sale helped to send housing costs higher.

The use of financing to buy fix and flip properties increased 35% annually by dollar volume to its highest level in nearly 12 years, according to Attom Data Solutions.

After a sustained downward trajectory, nondepository mortgage companies added 1,200 workers in April, a modest boost for lenders during prime season for the housing market.

Median sale prices for Oahu homes dipped last month in what continued a trend this year of light, mostly downward movement for the broad measure of Honolulu housing costs.

The Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations.

While home equity gains realized their lowest increase since 2012, the first quarter's rate still helped pull borrowers from underwater as the equity total compiled $5.6 trillion in seven years, according to CoreLogic.

For the first time since 2012, home prices are falling in metro Orlando, new data and real estate experts say.

The median sale price for single-family homes in Cuyahoga County, Ohio, climbed in May for the third consecutive month, reaching $157,500 in the suburbs and $139,000 countywide.

Toronto's housing market came storming back in May as sales in Canada's biggest city soared 19% from the same month a year earlier.

Millennial homeowners took advantage of April's drop in mortgage rates by quickly securing refinance loans, which closed faster than purchases for the first time since March 2016, according to Ellie Mae.

Consumers' knowledge of the mortgage process and what it takes to purchase a home has not improved from four years ago and lenders have an opportunity to fill that need, Fannie Mae said.

One of the nation's largest homebuilders, Toll Brothers Inc., is looking to build a 913-house subdivision in Eagle, Idaho.

Orange County house prices were just 1% above year-ago levels in April, while prices in Los Angeles County increased by a mere 2.3%, CoreLogic reported.

Homeowner remodeling spending should moderate across the majority of the nation's largest metropolitan areas as home price appreciation cools, according to the Joint Center for Housing Studies of Harvard University.

Manhattan condo owners who've enjoyed property-tax reductions are heading for the exits of their posh buildings as their breaks are set to expire.

The rate of annual home price appreciation sped up for the first time in over a year during April, affecting affordability at the low end of the market, according to CoreLogic.

The sluggish Southern California housing market showed signs of perking up in April, as prices ticked up one month after they fell for the first time since 2012.

The most borrowers in three years currently qualify for refinancing as the average for the 30-year fixed-rate mortgage dropped below 4% for the first time in over a year, according to Black Knight.

In the San Francisco and San Jose metro areas, more than a fifth of young adults between the ages of 23 and 37 lived with their parents in 2017, according to a Zillow analysis of U.S. Census data.