Blackstone (NYSE: BX) is paying $2 billion for the performing commercial real estate (CRE) loans that Atlantic Union Bankshares Corporation (NYSE: AUB) acquired in its $1.6 billion purchase of Sandy Spring Bancorp Inc. in April. According to the companies, the loan...
A total of 10,649 closed home sales were recorded across Virginia in May, a mere 66 fewer than one year ago for a 0.6% decrease. According to Virginia Realtors, the stagnant rate of home sales occurred while inventory growth accelerated. There were 23,137 active...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of June 26, down from last week when it averaged 6.81%. A year ago at this time, it averaged...
The national median payment carried by purchase loan applicants increased in May to $2,211 from $2,186 in April, according to new data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index report. For borrowers applying for...
Weis Markets Inc. (NYSE: WMK) has opened its first new supermarket in three years. Grocery Dive reports the new 65,000-square-foot store in Linganore, Maryland, is also the first of six new locations that were first announced in May 2024. The company attributed the...
The latest US Home Affordability Report published by ATTOM has determined owning a median-priced home in the second quarter was less affordable than historical averages in 99.3% of the counties (575 out of 579) with sufficient data to analyze. This is up slightly from...
Hits and Misses for the Real Estate Week of April 27-May 1
