The Aug. 17 rule change by National Association of Realtors (NAR) on commissions appears to have minimal impact on how buyer’s agents are paid. According to new data from Redfin (NASDAQ: RDFN), the average buyer’s agent commission for homes sold in October was...
While current mortgage rates are in the vicinity of 7%, roughly half (45%) of recent homebuyers secured a mortgage with a rate below 5%, according to data from Zillow (NASDAQ: Z, ZG). More than one-third (35%) of these recent buyers were able to get a lower rate...
Roughly 1.4 million residential properties were vacant in the fourth quarter, representing 1.3% or one in 77 homes, according to the latest Vacant Property and Zombie Foreclosure Report from ATTOM. This level is nearly the same as the third quarter and is up just...
Westcliff, a Montreal-based real estate development and management company, has completed its acquisition of the Champlain Place mall in Dieppe, New Brunswick. Located on a 60-acre site, the 784,372-square-foot Champlain Place is the largest shopping center in New...
A historic hotel in downtown San Jose was sold for roughly half the price of its previous ownership transfer. SiliconValley.com reported the Hotel De Anza was acquired for $11.5 million by an ownership group led by Dhaval Panchal, a Northern California hotelier. The...
A federal judge rejected a Texas businesswoman’s last-minute attempt to take back her guilty plea to charges that she defrauded investors in a phony real estate scheme and sentenced her to 87 months in prison. Samantha L. Mueting of San Antonio targeted investors with...
Home Equity Rates Declined in Q1
