A typical Black household can only afford a starter home in 10 of the nation’s 50 most populous metros, according to a new report from Redfin (NASDAQ:RDFN). In comparison, the typical White household can afford a starter home in 32 of the 50 metros. For its report,...
The Milestone Group, a real estate investment management firm focused on multifamily assets, has acquired the Axis Delray Beach Apartments, a 488-unit, garden-style community in Delray Beach, Florida. Axis Delray Beach features one-, two-, and three-bedroom garden and...
Dominion Financial Services, a Baltimore-headquartered private lender for real estate investors, has rolled out its Third Party Origination Broker Program. According to the company, the program will enable its broker partners to access long-term DSCR rental loans with...
Pending home sales were down by 2.1% in May from April, according to new data from the National Association of Realtors (NAR). Year-over-year, pending sales were down by 6.6%. Last month, NAR’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home...
Mortgage rates continued to sink away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of June 27, down from last week when it averaged 6.87%. A year ago at this...
Hits and Misses for the Real Estate Week of June 22-26
