Sales of new single-family houses in May were at a seasonally adjusted annual rate of 623,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This marked a 13.7% slide from the April rate of 722,000 and is...
The 10 most expensive home sales during May were based entirely in Southern California, Florida and Manhattan, according to a new report from Redfin (NASDAQ: RDFN), with four of the homes selling for $55 million or more and all selling for more than $30 million. Last...
Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums (MIPs) to 25 basis points for all...
Mortgage application activity improved slightly during the week ending June 20 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), announced the addition of bridge loans to its product offerings. According to a statement from the Detroit-headquartered company, the new product “allows current homeowners to use equity to compete...
A 66-unit multifamily apartment community in the affluent New York City suburb of Greenwich, Connecticut, has been sold for $20.7 million. The sale of Putnam Green, which was built in 1976, is the largest multifamily transaction in Greenwich since 2012. The sale...
