Profit margins on median-priced single-family home and condo sales declined to 55.3% in the first quarter of this year, according to new data from ATTOM. This is down from 57.1% in the previous quarter and from 56.5% one year earlier, and it represents the smallest...
The median U.S. home sale price hit a record $383,725 during the four weeks ending April 21, according to new data from Redfin (NASDAQ: RDFN). This represents a 5.2% increase from one year earlier and was also one of the biggest jumps since October 2022. Redfin noted...
Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
Two former employees of a mortgage lending company have been charged in connection with their roles in a large-scale mortgage fraud scheme. According to charges brought by the U.S. Attorney’s Office for the District of New Jersey, Christopher J. Gallo of Old Tappan,...
The historic Upper East Side brownstone that was Frank Sinatra’s New York City residence for most of the 1960s has been listed for sale at $4.45 million. The New York Post reported the legendary entertainer lived at 249 East 61st St. from 1963 to 1969. The...
The Chicago Bears are looking to Windy City taxpayers to fund the infrastructure upgrades for their proposed new lakefront domed stadium – an endeavor that will require $325 million for its first phase and could total $1.5 billion in public funding for the full...
Hits and Misses for the Real Estate Week of May 11-15
