Mortgage rates dropped to their lowest rate in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8, down from last week when it averaged 6.73%. A year ago at...
Former President Donald Trump is reportedly planning a new project that will encourage investment in tokenized Real World Assets (RWA). According to a report in Bitcoinist.com, Trump and his son Donald Trump Jr. are reportedly at work on a crypto project designed to...
The total value of US homes gained $3.1 trillion during the past 12 months, a 6.6% year-over-year spike that resulted in a new record high of $49.6 trillion, according to a data report from Redfin (NASDAQ:RDFN). On a decade-over-decade measurement, the total value of...
Zillow Group, Inc. (NASDAQ: Z, ZG) has promoted Chief Operating Officer Jeremy Wacksman to CEO and appointed him to its board of directors. Wacksman joined Zillow from Microsoft in 2009 and held multiple positions including product leader and chief marketing officer...
The Federal Agricultural Mortgage Corporation (NYSE: AGM, AGM.A), the secondary market more commonly known as Farmer Mac, is relocating its headquarters to 2100 Pennsylvania Ave. NW in Washington, DC. According to Farmer Mac, the new office space was designed to...
The Hong Kong-headquartered Rosewood Hotels & Resorts is expanding its Caribbean presence with a new resort planned for the Bahamas. The planned Rosewood Exuma will be developed in partnership with Yntegra Group, a Miami-based private investment company. The...
Hits and Misses for the Real Estate Week of June 15-19
