John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...
Mortgage rates inched higher to the dreaded 7% level, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of April 11, up from last week when it averaged 6.82%. A year ago at this...
A total of 95,349 residential properties had foreclosure filings during the first quarter, according to new data from ATTOM. This represented a 3% increase from the previous quarter and a dip of less than 1% from one year ago. “Q1 2024’s foreclosure data reveals...
Indiana’s housing market enjoyed double-digit month-to-month growth during March, with closed sales up 21% to 6,208 transactions and new listings growing 19% to 7,749 properties. According to data from the Indiana Association of Realtors (IAR), the 7,172 pending...
The Peruvian real estate developer Grupo T&C has launched Edge House Miami, a luxury home-sharing condominium in Miami’s Edgewater neighborhood. The property is 55-story tower featuring turnkey residences ranging from 360 to 840 square feet, with studio,...
The Los Angeles mansion of movie sex symbol Raquel Welch has been listed at $3.9 million. Located in the swanky Beverly Glen Circle, the 8,555-square-foot gated hillside property features a three-story, 5,118-square-foot Mediterranean villa with five bedrooms and six...
Hits and Misses for the Real Estate Week of May 11-15
