Real Estate

Joe Jonas and Sophie Turner list Los Angeles home for $16.75 million

Joe and Nick Jonas, two-thirds of the Jonas Brothers band, set records in 2019 when they and their wives, actresses Sophie Turner and Priyanka Chopra Jonas, respectively, purchased two homes in Encino, an upscale area of L.A.’s San Fernando Valley, for a combined total of $34.1 million.

Blackstone enters deal to buy Home Partners of America for $6 billion

Blackstone Real Estate Income Trust has entered into an agreement to acquire Home Partners of America (HPA). The deal values HPA, which owns a portfolio of over 17,000 single-family homes which are offered to tenants to rent out and eventually purchase, at $6 billion.

Mortgage rate decline juices refinances

The Mortgage Bankers Association's refinance index for the week ending June 11 jumped 6% from the previous week, but is still down 22% compared to the same week a year ago. The refinance share of mortgage activity increased to 61.7% of total applications, compared to 60.4% the previous week.

US housing market needs 5.5 million more units: report

Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response.