Roughly one of five (17.8%) homes that sold in San Francisco during the three months ending Feb. 29 was sold at a loss, according to new data from Redfin (NASDAQ:RDFN). This is comparable to the 17.9% share recorded during the three months ending Jan. 31, which was...
The real estate investment and development firm Rabina has begun residential sales for its forthcoming 1,000-foot mixed-use tower at 520 Fifth Ave. in Midtown Manhattan. The new property will be the tallest residential tower on Fifth Avenue, featuring 100 one- to...
The Federal Trade Commission (FTC) has begun distributing nearly $62 million in refunds to home sellers who fell victim to the fraudulent marketing claims made by online real estate business Opendoor Labs Inc. According to an August 2022 complaint filed by the FTC,...
The real estate brokerage National Multifamily Corp. has secured its latest company license in South Carolina. Headquartered in Rye Brook, New York, the company is licensed in its home state and Connecticut, New Jersey, Rhode Island, Massachusetts, Pennsylvania,...
The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
Refinance activity outpaced purchase loans in the latest data from the Mortgage Bankers Association (MBA) covering the week ending April 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Hits and Misses for the Real Estate Week of June 15-19
