Demand for Second-Home Mortgages at 8-Year Low
Mortgage-rate locks for second homes plummeted by 13.1% year-over-year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to new data by Redfin (NASDAQ: RDFN). In comparison, mortgage-rate locks for primary homes declined 5.2%....
Foreclosure Activity Dropped in August
A total of 30,227 residential properties had foreclosure filings in August, according to new data from ATTOM. This is down 5.3% from July and down 11% from August 2023. Nationwide, one in every 4,662 housing units had a foreclosure filing last month. The states with...
Active Listings Expand, Median Home Prices Up in Mid-Atlantic Region
The number of active listings in the Mid-Atlantic region totaled 37,340 at the end of August, up 21.4% year-over-year, according to new data from Bright MLS. This represented a 2.06-month supply regionwide. Sales activity last month was more robust in the Mid-Atlantic...
George Washington Slept Here; It Is Now Listed For $11.5 Million
A historic estate outside of Washington, DC, that once hosted George Washington has been listed for $11.5 million. Mansion Global reports the 43-acre estate in Purcellville, Virginia, features a manor house built in 1741 for Israel and Sarah Thompson, prominent...
Ascendant Development Completes Luxury High-Rise in Nashville
Ascendant Development has announced the completion of Haven at Charlotte, a 369-unit high-rise luxury apartment community in Nashville. The 11-story property features seven residential stories atop a four-story parking podium, providing a range of unit sizes from 516...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
