The US Senate voted 56-43 to confirm Bill Pulte as the new director of the Federal Housing Finance Agency (FHFA). The vote was mostly along party lines, with all Republicans and three Democrats – Sens. Angela Alsobrooks of Maryland, Ruben Gallego of Arizona and Elissa...
The sun was definitely shining on the Sunshine State’s luxury real estate market last month as coastal Florida boasted seven of February’s 10 highest-priced home sales, according to a new report from Redfin (NASDAQ: RDFN), which noted two estates in Southern...
Mortgage applications for new home purchases during February were down by 6.9% year-over-year, although they were also up by 0.3% from January, according to data from the Mortgage Bankers Association (MBA). By product type, conventional loans composed 56.7% of loan...
The Canadian government has allocated $365 million for the construction of 767 new rental homes in Toronto. The project’s first phase, which is now under development on an eight-acre, transit-oriented site owned by the City of Toronto, will be part of a...
Mortgage rates barely inched up in this week’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of March 13, up slightly from last week when it averaged 6.63%. A year ago at this time, it averaged...
The Mid-Atlantic region recorded 12,763 closed home sales during February, according to data from Bright MLS. This is down 4.3% compared to the same time last year. There were 16,020 new pending sales in the region, down 9.1% from a year ago and the lowest February...
