Sales of new single-family houses in May were at a seasonally adjusted annual rate of 623,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This marked a 13.7% slide from the April rate of 722,000 and is...
The 10 most expensive home sales during May were based entirely in Southern California, Florida and Manhattan, according to a new report from Redfin (NASDAQ: RDFN), with four of the homes selling for $55 million or more and all selling for more than $30 million. Last...
The Trump administration is intervening in a case involving a 175-year-old family-owned farm being threatened with eminent domain seizure by the town of Cranbury, New Jersey, which wants to take the property for the construction of affordable housing. Fox Business...
Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums (MIPs) to 25 basis points for all...
New York City has officially ended the migrant arrival center that has been operating within the historic Roosevelt Hotel. The Associated Press reports the center’s last full day in operation was on Monday, with the hotel becoming vacant on Tuesday afternoon. The...
Mortgage application activity improved slightly during the week ending June 20 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
