A mortgage fraud probe of Letitia James, a serious HR problem at the GSEs and the surprising site for Disney’s next theme park. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 5-9. Hit: Karma Get It. When New York...
While Pope Leo XIV prepares to move into the papal residence, the Chicago-area property that was the childhood home is on the market for $199,900. Homes.com reports the former Cardinal Robert Prevost grew up in a 1,200-square-foot brick home in Dolton, Illinois,...
Builder confidence in the market for new multifamily housing declined year-over-year during the first quarter, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey. The Multifamily Production Index (MPI) had a reading of 44, down...
Hilltop Residential, a Houston-based real estate investment and management company, has launched Hilltop Residential Development, a new division dedicated to the ground-up construction of multifamily communities in high-growth markets. The expansion marks the...
Second homes lost their luster in 2024 as homebuyers only took out 86,604 mortgages on these properties, down 5% year-over-year to the lowest level dating back to 2018. According to data from Redfin (NASDAQ: RDFN), second home mortgages made up only 2.6% of all...
The 30-year fixed rate mortgage averaged 6.76% as of May 8, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is unchanged from last week and down from the 7.09% rate recorded one year ago. The 15-year fixed-rate mortgage...
