Mortgage rates shot up again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19, up from last week when it averaged 6.60%. A year ago at this time, it averaged 6.67%. The...
Closed sales of existing single-family homes across Florida totaled 17,095 in November, down 3.5% year-over-year, while existing condo-townhouse sales in the Sunshine State totaled 6,002, down 15.6% year-over-year. According to data from Florida Realtors, the...
LRT Company, a Bluffton, South Carolina-headquartered development firm, has expanded into Rhode Island with its acquisition of 12.38 acres in the Providence suburb of Coventry, where it plans to develop Tiffany Laurel Reserve, a 204-unit senior housing campus. The...
California home sales during November marked the largest yearly increase in existing home sales since June 2021, although the level was still below the pre-Covid levels. According to new data from the California Association of Realtors (CAR), closed escrow sales of...
Canada’s home sales during November were up 2.8% from the prior month and up 26% from one year earlier, according to data from the Canadian Real Estate Association (CREA). Last month’s sales are now a cumulative 18.4% above where they were in May, just before the Bank...
The National Association of Realtors (NAR) has hired the advertising agency Uncommon Creative Studio to help recalibrate its image in the wake of a year’s worth of negative publicity. Ad Age reported that Uncommon – which has offices in New York City, London and...
