A Nantucket compound sold for $38.1 million, creating the largest residential real estate sale in Massachusetts history. According to the Wall Street Journal, the sellers are venture capitalist Evan Jones and his wife, wildlife photographer Cindy Jones, who acquired...
The commercial mortgage-backed securities (CMBS) delinquency rate rose 28 basis points to 3.90% in June, according to new data from Trepp Inc. This new increase follows last month’s uptick in delinquencies to its highest rate in 14 months. The overall CMBS delinquency...
The typical U.S. home is selling this month for roughly $383,000, according to new data from Redfin (NASDAQ:RDFN). This is roughly less than $4,000, or -1%, than the all-time high set in June 2022. Redfin also noted the current sales price average is the smallest...
The Bay Area Housing Finance Authority (BAHFA) has introduced the Doorway Housing Portal as a new platform for locating affordable housing in California’s Bay Area. According to BAHFA, the Doorway Housing Portal will centralize housing listings across the region and...
JPMorgan Chase (NYSE:JPM) has pledged $7.65 million to support three nonprofits working to improve housing affordability and stability for Black and Hispanic households in Washington D.C. The funding will be divided with $4.45 million going to the Coalition for...
Historic New England, an independent preservation organization, has announced it will pursue a transformational redevelopment initiative in Haverhill, Massachusetts. The initiative will encompass more than three acres of historic buildings and vacant property in the...
