Sales of new single‐family houses in April were at a seasonally adjusted annual rate of 683,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised March rate of 656,000 and 11.8%...
The U.S. Department of Housing and Urban Development (HUD) has placed a renewed focus on Native American housing, with a new grant to aid this often-overlooked sector and a new officer dedicated to its needs. HUD awarded $95 million to 55 communities through the...
Peachtree Group, an Atlanta-based investment firm focused on the commercial real estate sector, has named Melissa Ross Smith as chief operating officer. According to the company, Smith will be responsible for the overall performance, strategy and organizational...
There is an old and gruesome saying that death comes in threes. Last week, the Walt Disney Co. (NYSE:DIS) announced the death of two of its major real estate projects – and that leaves the morbid-minded speculating over which project will complete the rest-in-peace...
Mortgage Bankers Association President and CEO Bob Broeksmit took aim and fired an angry volley at politicians and regulators that he said were trying to burden the mortgage banking industry with a new round of onerous regulation. Speaking today at the trade group’s...
There are only four major U.S. metropolitan areas where it would be cheaper to buy a residence than rent the typical home, according to data from Redfin (NASDAQ:RDFN). In Detroit, the typical home is 24% less expensive to buy than rent – the median estimated monthly...
