Mortgage rates showed the barest of a downward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of June 12, down slightly from last week when it averaged 6.85%. A year ago...
Just over 28% of homes are now selling above the asking price, according to a data report from Redfin (NASDAQ: RDFN). This is down from 32% one year earlier and the lowest level for this time of year since 2020 when the pandemic paralyzed the housing market. The share...
Belwood Investments, a fractional luxury real estate investing app, announced its acquisition of a residence in Palm Springs, California, with plans to renovate and flip the house within six months. Belwood Investments said it was raising $250,000 from investors to...
Reality TV star Bethenny Frankel has sold her historic Connecticut estate in an off-market $7.83 million transaction. Architectural Digest reports Frankel acquired the three-acre property in the swanky New York City suburb of Greenwich in 2021 for $4.25 million. The...
Real estate investors accounted for 10.8% of home sellers in 2024, a record high level, according to a new data report from Realtor.com. Last year, 13.0% of homes were bought by investors, a slight increase from 2023 but below the 2022 peak of 13.3%. On the sell side,...
After three weeks of declining activity, a new boost of mortgage applications occurred during the week ending Jun 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
