Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
Existing home sales fell 3.3% from May to June, reaching a seasonally adjusted annual rate of 4.16 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales slid 18.9% from 5.13 million in June 2022. The median...
Profit margins on median-priced single-family home and condo sales rose to 47.7% during the second quarter, according to new data from ATTOM. This represented the first gain in a year and an increase from the 43.9% in the first quarter. The median nationwide home...
The Empire State’s housing market continued to struggle in June, according to new data from the New York State Association of Realtors. Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Pending sales took a 6.2% drop from 12,967 in...
Salt Lake City-based Extra Space Storage Inc. (NYSE: EXR) announced the completion of its acquisition and merger with Life Storage Inc. The $12.7 billion, all-stock transaction creates the nation’s largest storage operator, with more than 3,500 locations,...
The median price of homes sold in Texas in the second quarter was $345,000, a 3.1% decline from the $357,388 price recorded one year ago, according to new data from Texas Realtors. Half of the Texas residential properties sold in the second quarter this year were in...
Phony Housing Advocate Sentenced for Role in North Carolina Real Estate Fra…
