The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities (CMBS) during August reached 4.16%. August’s delinquency rate was a 23 basis point increase from July, which followed a 34 basis point spike from June. However, the total delinquent and...
Toronto-based Inovalis Real Estate Investment Trust (OTCMKTS: IVREF; TSX: INO.UN) announced the appointment of Stéphane Amine as president and CEO. Amine is the founder of Inovalis SA, that French Alternative Investment fund that is the manager of the REIT. He...
A modern-day castle in Connecticut that was first listed for sale nine years ago had its price discounted to $26 million. Realtor.com reported the 18,000-square-foot castle on a 75-acre lot in the town of Woodstock, Connecticut, that was purchased in 2003 for $167,500...
The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23% as of today, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). Last week, it broke past the 6% mark to average 7.09%m while a year ago at this time...
The next two years are expected to see the completion of 1 million new rental housing units, according RentCafe’s annual Apartment Construction Report. Tapping into data from its sister company Yardi Matrix, RentCafe is forecasting 460,860 new apartments to open this...
