Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
After a year on the market with nary a trace of buyer interest, Detroit’s largest private residence will go up for auction on Monday. The Detroit Free Press reported the Bishop Mansion, a 31,192-square-foot residence built in the 1920s, was listed for sale at $9...
The Archdiocese of New York has agreed to sell a vacant lot that it owns in the East Village section of Manhattan to be used as an affordable multifamily housing complex. According to the Commercial Observer, the archdiocese will receive between $58 million and $68...
Annual home price appreciation during April was 5.3%, unchanged from March, according to new data from CoreLogic. On a month-over-month basis, home prices increased by 1.1%. All of the states recorded year-over-year home price appreciation, led by New Hampshire (up by...
Frontdoor Inc. (NASDAQ: FTDR), a Memphis-headquartered provider of home warranties, announced it has acquired 2-10 Home Buyers Warranty (2-10 HBW) in an all-cash transaction valued at $585 million. Founded in Denver in 1980, 2-10 HBW’s new home structural warranty...
Two Republican lawmakers in the Ohio legislature are proposing a constitutional amendment designed to cap property tax increases. According to the Columbus Dispatch, Reps. Beth Lear and Scott Wiggam proposed the amendment that would limit property tax increases to the...
Hits and Misses for the Real Estate Week of April 27-May 1
