The Atlanta Fed calculates that a household would need income of $124,674 a year to afford a median-priced home—45% more than the median household makes.

Wells Fargo Bank filed a $1.28 billion foreclosure lawsuit against Workspace Property Trust affiliates. The lawsuit targets eight South Florida office properties totaling approximately 1.3 million square feet.

Nationally, home sellers outnumbered buyers in July by 51%. In fact, the 967,000 buyers on the market mark a record low since the survey began recording the metric in 2013.

Goldman Sachs said it had reached an agreement to buy private real-estate investment firm LCN Capital Partners in a deal worth up to $410 million. LCN, which manages roughly $3 billion in assets, is a commercial real-estate investor that specializes in sale-leaseback transactions.

A sample of FHA mortgages recently reviewed by the Housing and Urban Development Department found 76% contained a defect, up from 67% in late 2024.

A new forecast suggests that national office vacancy rates that have dipped below 14% will gradually drop toward 13% over the next few years. The decline is attributed to developers building less new space and older buildings being demolished to make way for something new.

The median sale price in the Washington metropolitan area hit an all-time high of $680,000 in May, up 3% compared with $659,950 the prior year. At the high end demand is even stronger: By the end of the first quarter, luxury-home inventory—properties priced above $1.75 million—was down 22% from a year earlier, even as overall inventory increased by 5%.

There were 6,376 properties with HOA-related foreclosure filings in the first quarter of this year—spanning initial default notices to completed sales. That is up nearly 40% from two years earlier and rising faster than overall mortgage foreclosure rates.

The 30-year fixed mortgage rate rose to 6.66% this week, marking its highest level in a year.

An analysis of 2023 data found that the wealthiest renters in New York City receive the largest discounts from rent stabilization. The top 25% of earners in rent-stabilized units save 33% compared with the median rent, while the lowest three income quartiles save between 15% and 22%.