Floyd Mayweather Acquires 1,000-Unit Manhattan Portfolio for $402 Million
Boxing great Floyd Mayweather has acquired a 1,000-unit affordable housing portfolio in Manhattan for $402 million. The Real Deal reported the portfolio encompasses more than 60 building in Upper Manhattan. Josh Gotlib of Black Spruce Management was the seller in the...
European Central Bank Cuts Rates for Second Consecutive Month
The European Central Bank has cut interest rates for the second consecutive month and for the third time this year. This is also the first time in 13 years that the ECB enacted back-to-back rate cuts. The ECB’s Governing Council lowered its three key interest rates by...
Mortgage Rates Continue to Rise
Mortgage rates continued to rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17, up from last week when it averaged 6.32%. A year ago at this time, it averaged 7.63%....
Builder Sentiment Inches Up for Second Straight Month
Builder sentiment inched up for a second consecutive month despite a housing market that is still saddled with affordability challenges, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder confidence in the...
Q3 Home Seller Profit Margins Down Slightly
Homeowners earned a 55.6% profit margin on typical single-family home and condo sales during the third quarter, according to new data from ATTOM. This represented a one percentage point dip from the second quarter and a two point-drop from the third quarter of last...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
