The Greater Toronto Area recorded 7,013 home sales in May, according to new data from the through the Toronto Regional Real Estate Board (TRREB). This represented a 21.7% drop from the 8,960 sales reported in May 2023. The drop in sales was seesawed with a rise in new...
Federman Steifman LLP has recruited real estate and structured finance attorney L. Minnie Bellomo as a partner, based in the firm’s New York City office. Bellomo represents clients in connection with the structuring and negotiation of various types of real...
Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...
Residential sales in the Vancouver metro market totaled 2,733 in May, a 19.9% decline from the 3,411 sales recorded one year earlier. According to data from Greater Vancouver Realtors, last month’s sales total was also 19.6% below the 10-year seasonal average for May...
After a year on the market with nary a trace of buyer interest, Detroit’s largest private residence will go up for auction on Monday. The Detroit Free Press reported the Bishop Mansion, a 31,192-square-foot residence built in the 1920s, was listed for sale at $9...
Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks…
