SL Green Realty Corp. announced that it has closed on the previously announced acquisition of New York City’s Park Avenue Tower for $730 million. Located at 65 East 55th Street in Midtown Manhattan, the property is a 36-story, 621,824-square-foot office building...
Kristina K. Williams announced that she will retire later year as president and chief executive officer of the Federal Home Loan Bank of Des Moines (FHLB Des Moines). Williams has served in this position since January 2020. Prior to her current role, she served as the...
Mortgage rates continued their decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.06% as of Jan. 15, down from last week when it averaged 6.16%. A year ago at this time, it averaged...
Foreclosure filings were reported on 367,460 residential properties in 2025, according to data from ATTOM. This marked a 14% increase from 2024 and a 3% uptick from 2023, but it was also down by 25% from pre-pandemic 2019 The 367,460 properties with foreclosure...
A new forecast from Zillow (NASDAQ: Z, ZG) is predicting that mortgage payments on a typical home will be affordable in 20 major metropolitan areas by the end of the year. If the forecast is correct, that would be highest level since 2022. In presenting its forecast,...
Mortgage applications for new home purchases in December increased by 2.5% from one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications decreased by 3%. MBA estimated new single-family home sales...
