Homebuyers not shopping for the best mortgages, foreclosure levels on the rise, and Zohran Mamdani’s very un-socialist new home. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 8-12. Miss: A Missed Opportunity. A new...
Flournoy Development Group has announced the launch of Declan Villa Rica, an apartment and townhome community in Villa Rica, Georgia. The new complex will feature 252 apartment homes and 56 townhomes across a mix of three- and four-story buildings and two-story...
The median sale price on homes during November was $385,000, according to a data report from Homes.com. This marked a $9,120 or 2.4% year-over-year rise and a continuation of the 10-month stretch where median prices are between $375,000 and $395,000. Across the nearly...
The Department of Housing and Urban Development (HUD) has begun an investigation into the City of Boston’s housing policies to determine whether it discriminated against low-income white residents. The New York Times reports Craig Trainor HUD’s assistant secretary for...
The California Supreme Court ruled that the City of Huntington Beach must approve plans for residences that low-income people could afford. The San Francisco Chronicle reports the city argued the decision to build a specific amount and type of housing belongs to local...
Mortgage rates ticked up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19%. A year ago at this time, it averaged 6.60%....
