Single-family housing starts in January were at a rate of 935,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 2.8% below the revised December figure of 962,000. Privately-owned housing starts in January...
Mortgage rates climbed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. A year ago at this time, it averaged 6.65%. The 15-year...
The US Senate voted 89-10 to pass the 21st Century ROAD to Housing Act, a bipartisan bill designed to address the challenges facing the housing market. However, leaders within the housing industry offered a mixed response to the bill’s contents and goals. The...
It seems the housing market is starting to resemble a “Golden Girls” episode as the rising costs of housing has fueled a growing trend of people over 65 living in roommate settings. According to a data report from the roommate connection platform SpareRoom, while the...
A total of 38,840 residential properties had foreclosure filings during February, down 4% from the prior month but up 20% from one year earlier. According to data from ATTOM, lenders started the foreclosure process on 25,928 residential properties last month, down 2%...
An Oregon real estate broker pleaded guilty to avoiding reporting requirements and obstruction of justice after her client’s illegal marijuana grow was raided. According to court documents, Tyra Foxx was a RE/MAX real estate broker for Jose Orozco between January 2020...
Escrow Abuse in the Spotlight: What the McKenna Case Means for Real Estate …
