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Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York City townhome that was the residence of award-winning composer and lyricist Stephen Sondheim from 1959 until his death in 2021 was sold for its $7 million asking price. Compass listing agent Michael Franco confirmed the sale to the Wall Street Journal but...
Mortgage Rates Down for Fifth Straight Week

Mortgage Rates Down for Fifth Straight Week

by Phil Hall | Nov 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
FHA Proposes Changes to 203(k) Program

FHA Proposes Changes to 203(k) Program

by Phil Hall | Nov 30, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...
Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market

Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ:Z, ZG) has looked into the near future of the U.S. housing market and is forecasting some improvements related to inventory and affordability options for buyers. “Inventory has been far below normal for a while, and though Zillow economists predict more...
Ground Breaking on New DC-Area Apartment Complex

Ground Breaking on New DC-Area Apartment Complex

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar Real Estate Partners LLC and Partners Group, a global private markets firm, have broken ground on a new apartment building in a suburb of Washington, D.C. The 26-story tower at 7340 Wisconsin Ave. in Bethesda, Maryland, was designed by SK& I Architecture...
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