Newly built homes accounted for 28% of single-family homes for sale during the third quarter, according to new data from Redfin (NASDAQ: RDFN). This is down from 30.5% one year earlier and the lowest share in three years. The record high for newly built single-family...
Pinnacle Partners and Trilogy Investment Company have teamed on the creation of a new Build-to-Rent (BTR) Opportunity Zone Fund to capitalize three shovel-ready BTR communities in Decatur, Georgia, Augusta, Georgia, and Huntsville, Alabama. The new communities will...
A Cape Cod estate located adjacent to the Kennedy Compound in Hyannis Port, Massachusetts, has been listed for the first time in a quarter-century for $19.8 million. The 3-acre property known as “Port View” features a 9,629-square-foot mansion built in 1914. The...
Mortgage rates continued their upward climb in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31, up from last week when it averaged 6.54%. A year ago at this time, it...
The Aug. 17 rule change by National Association of Realtors (NAR) on commissions appears to have minimal impact on how buyer’s agents are paid. According to new data from Redfin (NASDAQ: RDFN), the average buyer’s agent commission for homes sold in October was...
While current mortgage rates are in the vicinity of 7%, roughly half (45%) of recent homebuyers secured a mortgage with a rate below 5%, according to data from Zillow (NASDAQ: Z, ZG). More than one-third (35%) of these recent buyers were able to get a lower rate...
