Detroit’s Renaissance Center could be reconfigured with the demolition of two of its five towers in a massive redevelopment project that is budgeted at over $1 billion. The Detroit News reports the redevelopment project is being spearheaded by Bedrock Detroit LLC, the...
A Maine legislator is proposing a constitutional amendment that would put a 2% annual cap on property tax assessment increases for residents who are 65 years and older. The Bangor Daily News reported State Sen. Joe Baldacci’s proposal would only apply to primary...
The Paris city government has created new regulations designed to restrict short-term apartment rentals as a strategy to address the French capital’s housing shortage. According to an AFP report, the regulations cut the maximum number of days a primary residence can...
Poland was the site of Europe’s biggest office property transaction of the year occurred with the $295 million sale of the Warsaw Unit skyscraper. The 46-story office tower was completed in 2021 and encompasses 635,070 square feet of office space. The property is...
Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27, down from last week when it averaged 6.84%. A...
Lake Forest, Illinois-based Diamond Residential Mortgage Corp. (DRMC) has promoted Diana Whitmire to chief operations officer. Whitmire has been with DRMC since its inception in 2009 and has served as senior vice president of compliance and quality control since 2021....
Inflation Just Put Mortgage Rates Back in the Crosshairs
