Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
The Federal Housing Administration (FHA) is seeking industry feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. Under current program requirements, mortgage servicers can assign a HECM to the U.S....
The Connecticut estate of the award-winning Broadway composer and lyricist Stephen Sondheim has been listed for sale at $3.25 million. The 9.06-acre property in the town of Roxbury features a 3,698-square-foot residence with a history tracing back to 1792. The...
Christie’s International Real Estate has expanded its Caribbean presence with the launch of its newest affiliate, Christie’s International Real Estate Dominican Republic. The new brokerage is owned by partners Alex Irrer, Eric Walstrom and Auburn Lucas. Irrer and...
The Green New Deal’s impact on home builders, an FHLB expansion to include nonbanks, and a historic church’s upcoming date with a wrecking ball. From the wild and wooly world of real estate, here are the hits and misses for the real estate week of Nov. 6-10. Hit: DOE,...
With interest rates still way above 7%, business is hard to come by. That’s where technology can help. Since 2007, MonitorBase (www.monitorbase.com) has been a leader in borrower retention technology. The company uses predictive analytics, credit monitoring and...
