Home prices in New York State soared in October as home sales continued to decline. According to data from the New York State Association of Realtors, the median price of a home statewide rose 11% last month to $415,000, up from $374,000 in October 2023. This marked...
Elon Musk’s new Department of Government Efficiency (DOGE) has taken aim at the surplus of vacant office properties allocated to federal agencies. The DOGE channel on X ran headline from the Washington Times that announced: “Nearly 90% of feds’ office in D.C. going to...
Mortgage rates were on the rise again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of Nov. 21, up from last week when it averaged 6.78%. A year ago at this time, it averaged...
Existing home sales recorded its first year-over-year upswing since July 2021, according to new data from the National Association of Realtors (NAR). Total existing-home sales were up 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October....
A total of 1.67 million mortgages were secured by residential property (1 to 4 units) during the third quarter, according to a data report from ATTOM. This marked 1.9% increases on both a quarterly and annual measurement. Lenders issued $553.1 billion worth of...
Hits and Misses for the Real Estate Week of May 11-15
