The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, recording a scant uptick from last week when it averaged 6.63%, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.12%. The 15-year...
The prices on single-family existing home sales during the fourth quarter of 2023 were up in 86% of the nation’s metro markets, according to new data from the National Association of Realtors (NAR), which noted that 15% of the 221 tracked metro areas experienced...
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding during the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). The...
Elevated mortgage rates and increased construction costs coupled with onerous regulatory costs resulted housing affordability remaining near its lowest level in more than a decade during the fourth quarter of 2023, according to the National Association of Home...
Commercial real estate contributed $2.5 trillion to U.S. gross domestic product (GDP) during 2023, according to the newly released Economic Impacts of Commercial Real Estate research study by the NAIOP Research Foundation. The study determined that the combined...
Harbor Group International LLC, an international real estate investment and management firm, announced the $132.5 million acquisition of a two-asset multifamily portfolio in Colorado. The portfolio consists of two new Class A properties: Ladora Modern, a 196-unit...
Hits and Misses for the Real Estate Week of June 22-26
