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Schedule for Week of July 24, 2016

The key reports this week are the first estimate of Q2 GDP, June New Home sales, and the Case-Shiller House Price Index for May.The FOMC is meeting on Tuesday and Wednesday, and no change in policy is expected this week.For manufacturing, the July Dallas, Richmond and Kansas City manufacturing surveys will be released this week. Show More Summary

NYC prices increase while volume falls in Q2, REBNY says

Home prices continue to reach new heights in New York City. According to the Real Estate Board of New York's (REBNY) New York City Second Quarter 2016 Residential Sales Report, the average sales price in the city was a hefty $1.018 million, largely fueled by a surge in luxury sales...

Comedian Russell Peters Lists Triple-Story Studio City Home (EXCLUSIVE)

SELLER: Russell Peters LOCATION: Studio City, CA PRICE: $2,999,999 SIZE: 5,857 square feet, 5 bedrooms, 6 bathrooms plus guesthouse YOUR MAMA’S NOTES: A digital communiqué from a saucy snitch who identified herself — we kid you not — as Helena Handbasket kindly alerted us to what she fearlessly and rather unflatteringly described as a “clunky... Read more »

What about $325,000 buys in the Riverside County real estate market

Much like other parts of the Southland, Riverside County saw its median home price tick up again in May, climbing to $328,000, or nearly 7% over the same month a year ago. That amount won't buy much in L.A., but it does stretch further in cities such as Indio, Murrieta and Winchester. Here's a...

NAR: First-Time Home Buyers Push Existing Home Sales To 9-Year High

June home sales were strong and home supply remains tight nationwide. Prices are rising, but first-time home buyers are not deterred.

Renting vs owning state by state

With mortgage rates at or nearing record lows, owning a house is becoming more and more in reach to renters. GoBankingRates.com analyzed median rent prices and median home prices for single-family homes in all 50 states to determine the best places to own rather than rent, and vice versa...

The 32 most expensive homes for sale in the US right now

It's no secret that real estate isn't cheap anywhere these days, but these palatial homes give expensive a whole new definition. With listing prices well over what most people make in a lifetime, the most expensive homes currently on...Show More Summary

Existing Home Prices Hit Record High As Sales Growth Slowest In 4 Months

Despite a better than expected 1.1% MoM rise in June (thanks to notable downward revisions), existing home sales growth is the slowest since February. Of course, NAR's Larry Yun gloated of "sustained job growth" driving an "impressive...Show More Summary

Here come home prices...

The latest reading for the FHFA House Price Index will cross the wires at 9 a.m. ET. Economists expect that home prices rose 0.4% month-over-month in May, according to the Bloomberg consensus. Last month's released showed that home prices ticked up by 0.2% in April, below economists' expectations. Refresh this page for updates at 9 a.m. Show More Summary

Re/Max report shows median sales prices are up across US

Thanks to strong homebuyer demand in the national real estate market in June, median home prices and sales levels increased, according to Re/Max. Re/Max surveyed 53 metro areas across the country to determine the data points in its National Housing Report, finding median home prices increased 2.2 percent to $229,900 year-over-year. Show More Summary

DC and Baltimore metros set new sales and price records

The month of June managed to set new records for Washington D.C. and the Baltimore metro areas, according to MRIS data. Sellers watched as median home prices crept up, while buyers had to act fast, as inventory levels have slowly declined since last year...

Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg Survey, FHFA House Price Index

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 254 thousand the previous week.• Also at 8:30 AM, the Philly Fed manufacturing survey for July. Show More Summary

Peek Inside Taraji P. Henson's Enchanting Minimansion - Now on Sale!

Taraji P. Henson just relisted her expansive home in the Hollywood Hills at a pretty considerable discount - about a quarter of a million less than the original asking price. According to Variety, the Empire star had originally listed the home in December 2015 for $3.25 million and has now shaved the price down to just under $3 million. Show More Summary

Pacific Heights Renovation Guts $2 Million Off Price Tag

Stunning 1906 remodel drops asking On the heels of this Presidio Terrace mansion pruning, yet another bonkers home on the market sliced a whopping $2 million off its asking—Pacific Heights’ 2480 Broadway. As SocketSite points out, the tony 1906 home, renovated by Charlie Barnett and Associates, landed on the market in May for $15 million. Show More Summary

CoreLogic: Orange County Median Home Prices Hit New Record

From Jeff Collins at the O.C. Register: $657,500: O.C. median home price hits record The median price of an Orange County home – or the price at the midpoint of all sales – was $657,500, real estate data firm CoreLogic reported Tuesday. Show More Summary

Sonnen Offers New Home Energy Storage Product

Sonnen recently announced a new residential energy storage product called the eco compact. The company said the price is up to 40% less than its other energy storage products. The cost is $5,950 for the 4 kWh system, which does not include...Show More Summary

WalletHub: highest and lowest energy costs by state

Home affordability goes way beyond its listing price, and homeowners need to consider the costs of things like energy before making a purchasing decision. WalletHub's recently released list of 2016's Most & Least Energy-Expensive States could impact homebuying choices, measuring states by energy costs, energy consumption, fuel costs and more...

Easy and cheap ways to make your home more secure -- Savings Experiment

Did you know: Home security doesn't always need to come with a hefty price tag? To make sure your home isn't a target for burglars, use inexpensive plug-in timers to operate your lights and appliances while you're away. Leaving a small...Show More Summary

Southern California home prices jump in June

Southern California home prices jumped in June as prospective buyers bid higher, fighting over a meager supply of homes for sale. The six-county region’s median price rose 5% from a year earlier to hit $464,000 in June, data firm CoreLogic announced Tuesday. Sales were essentially flat, reflective...

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