One of every six (16.7%) home sellers dropped their asking price in August, up from 15.9% one year earlier. According to data from Redfin, this marked the highest share for August in records dating back to 2012. The typical home that sold in August went for 3.8% less...
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
Luxury home sale prices were up by 3.9% year-over-year to a median $1.25 million, a record high for the month of August, according to new data from Redfin. Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median...
The real estate investment firm FCP has made its first foray into the Las Vegas market with the acquisition of The Avondale Apartments, a 560-unit community. Avondale comprises one-, two-, and three-bedroom residences in three-story buildings. Community amenities...
A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
