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...
California’s median home price exceeded $800,000 in July for the fourth straight month and recorded its first year-over-year gain in nine months, according to new data from the California Association of Realtors (CAR). The statewide median price was $832,340...
Colliers (NASDAQ: CIGI) announced the appointment of Badal Yagnik as CEO for India. Yagnik is based in Gurgaon and will collaborate with Sankey Prasad, Colliers’ chairman and managing director for India. Before joining Colliers, he was a managing director at...
CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
Most mortgage transactions start online these days. What does that mean? You need a great point-of-sale (POS) system to be competitive. But what makes a POS truly great? First, a good POS should grow with you. For example, Maxwell (https://himaxwell.com/) launched...
