Basketball great Michael Jordan’s saint-worthy patience with the housing market has finally been rewarded – the NBA Hall of Famer finally sold his Chicago-area mansion after having it on the market for 12 years. The Chicago Tribune reported Jordan sold the 8.4-acre...
A growing number of people were taking out mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 14.2% on a seasonally adjusted basis on a...
The homebuilder Lennar (NYSE:LEN) announced plans for four new communities in New Jersey. The master-planned communities debuting over the next few months include: The Grove, located in Whippany, will feature 60 two and three-story townhomes; The Signature Collection...
Single-family housing starts in August were at a rate of 992,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 15.8% above the revised July figure of 857,000. Privately-owned housing starts in August...
Creative Media & Community Trust Corporation (NASDAQ: CMCT), a real estate investment trust, announced the conversion of the top two floors of a three-story, approximately 143,000-square-foot Los Angeles office building into 68 luxury apartment residences. Located...
California home sales hit a seven-month low in August, according to new data from the California Association of Realtors (CAR). Last month, the state recorded a seasonally adjusted annualized rate of 262,050 in closed escrow sales of existing, single-family detached...
New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los …
