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...
Misawa Homes America Inc. (MHAM), a wholly owned subsidiary of Japan’s Misawa Homes Co., has acquired a 51% stake in the Utah-based homebuilder Visionary Homes. Visionary Homes was founded in 2004 and has 30 active Utah communities focused on both first-time and...
One month after enacting its first interest rate cut in nearly five years, the European Central Bank (ECB) opted to leave rates unchanged. “While some measures of underlying inflation ticked up in May owing to one-off factors, most measures were either stable or edged...
