The luxury home building firm Toll Brothers Inc. (NYSE: TOL) has promoted John A. McCullough to president of Toll Brothers Apartment Living, the company’s multifamily division. In his new job, McCullough will be responsible for leading all acquisitions,...
Legendary rock star John Fogerty won’t be singing “doo, doo, doo, lookin’ out my back door” at his Thousand Oaks, California-based mansion much longer – the Creedence Clearwater Revival singer has listed the property for $19.995 million. TMZ broke the news that...
Last month’s home sales and the average selling price in the Greater Toronto Area (GTA) were above last year’s levels, according to data from GTA Realtors. The GTA market recorded 7,481 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS System, up...
Mortgage rates were on the upswing again, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of July 6, up from last week when it averaged 6.71%. A year ago at this time, it averaged...
The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, according to new data from Redfin (NASDAQ:RDFN). This marks the first time since last August that the average home was selling for more than its asking price. Redfin also noted the...
Mortgage application activity last week experienced a downturn, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down 4.4% on a seasonally adjusted basis...
Hits and Misses for the Real Estate Week of Aug. 24-28
