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...
Roughly 1.4 million residential properties were vacant in the fourth quarter, representing 1.3% or one in 77 homes, according to the latest Vacant Property and Zombie Foreclosure Report from ATTOM. This level is nearly the same as the third quarter and is up just...
A growing number of California real estate agents are reporting the collapse of transactions because buyers are unable to obtain affordable homeowners’ insurance. A new survey by the California Association of Realtors membership found 13.4% of respondents admitting at...
Pending home sales were on the rise last month, 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, soared by 7.4% to 75.8 in September,...
The BLVD Group, a Los Angeles-based multifamily investment and development firm, announced its $97 million acquisition and planned renovation of Concord Royal Gardens, a 300-unit affordable housing community in Concord, New Hampshire. Originally built in 1970, Concord...
The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $78.9 million in Affordable Housing Program (AHP) grants to 41 projects in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The grants are designed to fund the creation or...
Hits and Misses for the Real Estate Week of June 29-July 3
