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...
Single-family existing home sales prices were up in 83% of metro markets (189 out of 228) during the first quarter, according to data from the National Association of Realtors (NAR), which also found 11% of the tracked metro areas recorded double-digit price gains,...
