Recent Canadian home price declines from pandemic-era record highs are expected to cease in mid-2023, according to the latest Housing Market Outlook published by Canada Mortgage and Housing Corporation (CMHC). However, the average annual price for Canadian homes is...
National Retail Properties Inc. (NYSE: NNN), an Orlando-headquartered real estate investment trust, is changing its name to NNN REIT Inc., effective May 1. NNN REIT was formed in 1984 and invests primarily in high-quality retail properties subject generally to...
Mortgage Bankers Association President and CEO Bob Broeksmit decried the glut of “misinformation” surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac. The changes, which go into effect on May...
Most New York City residents earning the local combined median income of $70,663 are unable to afford market-rate rental housing, according to a new data report by StreetEasy. Asking rents in March averaged $3,344, a new record, but roughly one in three citywide...
Last week, the Federal Housing Finance Agency (FHFA) issued a notice of Proposed Rulemaking on Fair Lending Oversight. This proposed rule would codify in regulation the FHFA’s fair lending oversight requirements for Fannie Mae, Freddie Mac and the Federal Home Loan...
The 30-year fixed-rate mortgage averaged 6.43% as of April 27, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. This is a rise from last week when it averaged 6.39%. A year ago at this time, it averaged 5.10%. The 15-year fixed-rate...
Stephen Stroud, Prominent Raleigh-Area Developer, Dies at 83
Hits and Misses for the Real Estate Week of July 6-10
