The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 28 basis points to 5.98% in October, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 135 basis points from 4.63% in October 2023. Last month’s...
A prominent Miami commercial real estate broker was charged with homicide after new information emerged about his condition during a boat crash that killed a 17-year-old passenger. The Miami Herald reported George Pino, president of State Street Realty, drove his...
While Manhattan is usually the center of New York City’s luxury real estate market, a mansion on Staten Island is now in the spotlight thanks to its historic listing price and colorful history. Mansion Global reported the luxury residence built in 1980 as the home for...
Newly built homes accounted for 28% of single-family homes for sale during the third quarter, according to new data from Redfin (NASDAQ: RDFN). This is down from 30.5% one year earlier and the lowest share in three years. The record high for newly built single-family...
The U.S. Department of Housing and Urban Development (HUD) has allocated $1.7 million to Asheville, North Carolina, to be used in the recovery efforts following Hurricane Helene. The new funding will be used to support the reconstruction of damaged homes, businesses,...
The personal finance company NerdWallet Inc. (NASDAQ: NRDS) has expanded into the mortgage brokerage industry with its $1 million all-cash acquisition of Next Door Lending. NerdWallet CEO Tim Chen announced the acquisition in the company’s third quarter earnings...
Home Equity Rates Declined in Q1
