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Refinancing and Homebuying Applications Spike Compared to Last Year
Applications to refinance rose 16% for the week and were 28% higher than the same week one year ago. Applications for a mortgage to purchase a home rose 10% for the week and were 20% higher than the same week a year ago. (CNBC) 6/13/2025
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Apartment Rents to Climb, Says Starwood Capital’s Barry Sternlicht
Renters take note: Barry Sternlicht (Starwood Capital Group) pointed out that most of his fund’s properties are apartment buildings that will soon be able to boost rents because new supply is dwindling. (WSJ) 6/11/2025
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Hot Days, Cool Paint: A New Way to Beat the Heat
Doucet, an inventor, discovered that the inside temperature of a house painted black was on average 7 degrees Fahrenheit warmer than a white one. In summer, the white model house was 12 degrees Fahrenheit cooler. Now he has invented a paint that changes color via a thermochromic response, which refers to how chains of liquid…
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Outdoor Baths Are Booming — And They’re More Than Just a Spa Day Upgrade
Yes, outdoor baths are indeed gaining popularity as a luxury home amenity, adding a unique spa-like element to backyards. While outdoor showers remain popular for their practicality and connection to nature, the trend for outdoor baths is emerging, especially in the context of: However, it’s worth noting: In summary, while outdoor showers are certainly not “last…
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Building Tomorrow: Solar Panels and Heat Pumps Set to Become UK Standard
In the UK, the “future homes standard” will require all newly built homes to have solar panels and low-carbon heating — such as heat pumps — as well as high levels of energy efficiency in an effort to bring down housing costs which includes utility expenses. (FT) 6/6/2025
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Pools Add Big Value: Listings with Pools 54% Pricier in 2025
Homes with pools are continuing to command a sizable markup in the housing market, with listings featuring the amenity priced 54% higher on average than those without them as of April 2025. (Realtor.com) 6/5/2025
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Mortgage Rates Dip Slightly, but Home Purchase Applications Still Slide
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.92% from 6.98% Last year at this time, rates were 15 basis points higher….Applications for a mortgage to purchase a home fell 4% for the week but were 18% higher than the same week one year ago. (CNBC) 6/5/2025