Boston-based real estate investment firm Longpoint Realty Partners announced the final closing of its third institutional fund, Longpoint Fund III L.P. (Fund III). According to the company, Fund III was oversubscribed, with approximately $940 million of commitments...
The median sales price for the U.S. housing market in September was $415,000, a seasonal decline of 2.4% from August’s $425,000 but 2.5% above the $405,000 in September 2022, according to new data from RE/MAX (NASDAQ:RMAX). Among the 50 markets tracked for RE/MAX’s...
Single‐family housing starts in September were at a rate of 963,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Last month’s rate was 3.2% higher than the revised August figure of 933,000. Privately‐owned housing...
Mortgage application activity plummeted to a 28-year low, according to data from the Mortgage Bankers Association (MBA) covering the week ending Oct. 13. The Market Composite Index, the trade group’s measure of mortgage loan application volume, slumped by 6.9% on a...
Arkansas Gov. Sarah Huckabee Sanders has ordered the agtech company Syngenta to sell 160 acres of farmland in the state within two years because it is a Chinese-owned company. According to a Reuters report, Sanders made her announcement today at a news conference,...
Choice Hotels International Inc. (NYSE: CHH) has put forth an offer to acquire all the outstanding shares of Wyndham Hotels & Resorts Inc. (NYSE: WH) at a price of $90.00 per share, payable in a mix of cash and stock and totaling $7.8 billion. However, Wyndham...
Hits and Misses for the Real Estate Week of June 29-July 3
