The U.S. Department of Justice (DOJ) has launched a “formal inquiry” into the California Association of Realtors (CAR) in response to a consumer group’s complaint about the organization’s contracts and forms. According to the Orange County Register, the...
NHP Foundation, a provider of quality affordable housing, has acquired New Port Antonio, a historic Section 8 property in Roxbury, Massachusetts. This acquisition is one of the largest transactions by the foundation and was financed through the assumption of an...
SL Green Realty Corp. announced the sellout of the luxury Giorgio Armani Residences on Manhattan’s Upper East Side. According to the company, all 10 residential units within the condominium project are now under contract for gross consideration totaling $168.2...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of July 18, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
California led the nation with the highest number of commercial property foreclosures in June, according to new data from ATTOM. The state’s 214 commercial foreclosures last month represented a 10% decline from May but was also a 289% increase from June 2023. June’s...
Home sales during June stumbled by 7.2% from May and plummeted 11.6% year-over-year, according to the latest national housing market report from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). Across the 50 metro areas surveyed for the report, inventory rose...
