Northmarq, a Minneapolis-headquartered capital markets resource for commercial real estate investors, has completed the $54 million sale of The Current at Watershed, a 97-unit build-to-rent community in Laurel, Maryland. Built in 2023 and located 19 miles south of...
Mortgage rates took a downturn in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Dec. 5, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.03%. The...
Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
Philadelphia’s Controller Office has issued a report that determined that fraud within the city’s Homestead Exemption Program, costs the municipal government and schools roughly $11.5 million per year. According to MetroPhiladelphia.com coverage, investigators with...
California, Florida, Illinois and New Jersey were home to the greatest number of at-risk markets in the country, according to the third quarter Special Housing Risk Report from ATTOM. The new report found two-thirds of the 50 counties considered most exposed to...
Hits and Misses for the Real Estate Week of May 11-15
