Mortgage rates shot up to the border of the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. A year ago at this...
The Federation of American Scientists is calling for the creation of a “national housing loss rate” that would measure how many people who lose their homes involuntarily. In a blog posting on the organization’s website by Yuliya Panfil, a senior fellow and director of...
Mill Creek Residential, a developer and operator specializing in rental communities, has begun preleasing at Modera Trinity, a luxury mixed-use apartment community along the west levee of the Trinity River in Dallas. The seven-story community features 204 apartments...
The housing market began 2024 with an uptick in existing home sales, according to data from the National Association of Realtors (NAR). Total existing home sales were up by 3.1% from December to a seasonally adjusted annual rate of 4 million in January....
Median rents in January were down for the sixth consecutive month, with year-over-year prices dropping by 0.3%, according to the latest Realtor.com Rental Report. Last month, the median asking rent for 0-2 bedroom units in the 50 largest metros declined to $1,712,...
A new data report from ATTOM is highlighting a spike in commercial foreclosures over the last four years, from a low of 141 in May 2020 to the current figure of 635 in January. ATTOM noted May 2020 marked a significant low in commercial foreclosures due to the impacts...
Hits and Misses for the Real Estate Week of Aug. 10-14
