Mortgage rates remained flat in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 5, unchanged from last week. A year ago at this time, it averaged 7.12%. The 15-year fixed-rate...
A West Virginia real estate developer was sentenced to one year and one day in prison for falsification of bankruptcy records. According to the charges brought against him, John H. Wellford III, 73, filed for bankruptcy in March 2019 on behalf of Corotoman Inc., a...
Second quarter data released by ATTOM has determined that California, New Jersey and Illinois continue to have the highest concentrations of at-risk housing markets. The second quarter patterns – derived from gaps in home affordability, underwater mortgages,...
The number of homes actively for sale grew by 35.8% year-over-year in August, according to data from Realtor.com. August marked the 10th consecutive month of inventory growth. For August, active listings grew by 46% in the South, 35.7% in the West, 23.8% in the...
California Gov. Gavin Newsom’s office has reached a settlement with the Sacramento suburb of Elk Grove regarding the creation of new affordable housing. The Associated Press reported the city will need to identify a new site for affordable housing by July 1, 2025,...
Scotland Wright Associates, an Atlanta-based commercial real estate services firm, has promoted Blake Rogers from chief operating office to president of the company while also making him an equity member of the firm. In his expanded role, Rogers will oversee all...
Hits and Misses for the Real Estate Week of May 4-8
