Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
Under Armour (NYSE: UAA) CEO Kevin Plank has listed Sagamore Farm, his 400-acre Maryland equestrian estate for $22 million. The Wall Street Journal reports the property, located about 20 miles northwest of Baltimore, was established around 1925 and was once owned by...
Mortgage rates continued to decline, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27, down from last week when it averaged 6.85%. A year ago at this time, it...
Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
Carter Multifamily, a Carter Funds company, has paid $37.7 million to acquire a 166-unit garden-style multifamily community located in Melbourne, Florida. Located in the state’s Space Coast, southeast of Orlando, the property was formerly known as The Palm Bay...
A total of 1.64 million mortgages for residential properties were issued during the fourth quarter of 2024, according to new data from ATTOM. This represents a 3% drop from the third quarter, but it was also a 14% spike from the fourth quarter of 2023. ATTOM noted...
