Clarion Partners LLC, a New York City-headquartered real estate investment manager, has hired Josh Pristaw as managing director and president. Pristaw will sit on Clarion’s executive board and investment committee in a position reporting directly to CEO and...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed the 30-year fixed-rate mortgage rising for the first time in 13 weeks, although the government-sponsored enterprise insisted on emphasizing the positive aspects of this development. The...
President Trump called for the “termination” of Jerome Powell’s leadership at the Federal Reserve for failing to cut interest rates in a speedy manner. This morning, Trump took to his Truth Social platform to fault Powell for not following the example of the European...
Single-family housing starts in March were at a rate of 940,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 14.2% below the revised February figure of 1.09 million. Privately-owned housing starts in March...
The European Central Bank (ECB) has cut three of its interest rate categories by 25 basis points. In a press statement, the ECB’s Governing Council announcing the reduction of the interest rates on the deposit facility, the main refinancing operations and the marginal...
A total of $357.5 billion was levied in property taxes on single-family homes in 2024, down 1.6% from 2023. However, new data from ATTOM also found the average tax on a single-family home rose to $4,172 in 2024, a 2.7% increase over the previous year. In comparison,...
Hits and Misses for the Real Estate Week of April 6-10
