A Trump about-face on the bipartisan housing bill, a lack of natural gas services in a Brooklyn housing project, and an unlikely real estate advisor for Perez Hilton. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
The national mortgage delinquency rate rose 15 basis points to 3.50% in May, according to data from Intercontinental Exchange Inc. (NYSE: ICE). However, that uptick was attributed to a calendar anomaly. Andy Walden, head of mortgage and housing market research at ICE,...
New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Illinois recorded 12,555 home sales in May, a 1.5% decline from the 12,750 sold one year earlier. According to data from Illinois Realtors, the 19,719 homes available for sale statewide last month were 7.7% less than the 21,356 homes available in May 2025. However,...
Mortgage rates recorded a scant upward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. A year ago at this time, it...
Florida Gov. Ron DeSantis signed a new bill into law that will pave the way for the property tax relief being promised in a November ballot referendum. The new law, SB 4-F, was approved in a recent special session of the state legislature that also approved a ballot...