The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 24-28. Hit: An Unprecedented Oops. Once upon a time,...
A new forecast by Fannie Mae’s (OTCQB: FNMA) Economic and Strategic Research Group is predicting mortgage rates to end 2025 and 2026 at 6.3% and 6.2%, respectively, downward revisions of three-tenths for each. The revised forecast was mirrored by a mild upward...
The Manhattan townhouse that was the studio and residence of Andy Warhol during the peak of his creative output has been listed for the first time in more than a decade for $6.95 million. The New York Post reports the 19th century townhouse at 1342 Lexington Ave. was...
Mortgage rates were mixed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of March 13, down slightly from last week when it averaged 6.67%. A year ago at this time, it averaged...
The typical down payment during the fourth quarter of 2024 was $30,250, according to a new report from Realtor.com. The level was slightly below the third quarter’s level but roughly $3,000 higher than one year prior. “As inventory recovers, the housing...
JP Morgan Real Estate Income Trust Inc. (JPMREIT) announced the acquisition of two Southeastern residential assets. The Preserve at Pine Valley, North Carolina, is a 219-unit, Class-B housing community, was acquired for $32.1 million in a 90/10 joint venture...
