Sales of new single-family houses during May were at a seasonally adjusted annual rate of 580,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7.3% decline from the April rate of 626,000, and 6.8%...
The City of Chicago has filed a lawsuit against Airbnb (NASDAQ: ABNB) that alleges the short-term rental home company and one of its hosts improperly listed numerous properties. The Chicago Sun-Times reports the lawsuit, which was filed Monday in Cook County Circuit...
A new survey has found one-third of Canadian mortgage holders expect to renew their home loans within the next 12 months, with two-thirds of those borrowers expressing anxiety about renewing at a higher interest rate. The survey, published by the nonprofit association...
Mortgage application activity benefited from a bump-up in refinance action for the week ending June 19, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1% on a...
Toll Brothers Inc. (NYSE: TOL) has announced its newest community will be Kennemore, located in the Atlanta suburb of Alpharetta, Georgia. Kennemore will feature distinctive home designs ranging from 3,600 to 5,000-plus square feet with two- and three-car garages plus...
The Real Estate General Authority (REGA), the Saudi Arabian regulatory agency responsible for the kingdom’s real estate sector, is now accepting applications for foreign real estate ownership through the “Saudi Properties” portal, the official platform for...
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4
