The New York City-headquartered global law firm McDermott Will & Emery has hired David Herman as a partner in its Transactions Practice Group. Herman is a real estate lawyer focused on commercial real estate transactions across the full spectrum of asset classes,...
At a time when home prices remain near their record highs, a residence in Pontiac, Michigan is occupying space at the other end of the price spectrum. According to a Business Insider report, there is listing for a house in Pontiac, Michigan, with a $1 price tag. No,...
Nearly one-third of Canadian homeowners have fallen into despair over their mortgage situation, according to a new survey conducted by the Real Estate and Mortgage Institute of Canada (REMIC). In a poll of 1,000 Canadian adults, 34.1% of respondents said that “they...
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million fine against Freedom Mortgage Corp., accusing the Boca Raton, Florida-based lender of providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. The...
The 30-year fixed-rate mortgage averaged 7.09% as of Aug. 17, according to new data from Freddie Mac’s (OTCQB:FMC)) Primary Mortgage Market Survey. Last week, this mortgage averaged 6.96%, while one year ago it averaged 5.13%. The current level is the highest in...
Newly built homes accounted for roughly one-third (31.4%) of single-family homes on the market in the second quarter, according to a study from Redfin (NASDAQ:RDFN). This is highest share for any second quarter since Redfin began tracking data. The portion of new...
Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks…
