Rapper Kendrick Lamar has paused his public feud with music rival Drake to close on a $40 million estate in the Brentwood section of Los Angeles. The Wall Street Journal, citing unnamed “people familiar with the deal,” first reported the sale of the 0.84-acre...
A questioning of the Biden homebuyer tax credit, growing consumer delinquencies and a new movie epic with a commercial property story. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 13-17. Hit: Sparking a Much-Needed...
California’s median home price reached a new all-time high at $904,210 in April, up 11.4% from $811,510 one year earlier and up 5.8% from March’s $854,490. According to the California Association of Realtors (CAR), this is the first time the median home price...
United Wholesale Mortgage (UWM) (NYSE: UWMC) is now offering the 0% Down Purchase program, which is designed to eliminate the need for an upfront down payment. According to the company, qualified borrowers can receive a 3% down payment assistance loan up to $15,000...
Lennar Corp. (NYSE: LEN) has unveiled Magnolia at Pembroke Park, a new boutique community encompassing 48 townhomes in Pembroke Park, Florida. According to the company, floorplans for the community includes 1,368 square feet of living area with three bedrooms,...
Mortgage rates registered a decline in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from last week when it averaged 7.09%. A year ago at this time, it averaged 6.39%. The...
Hits and Misses for the Real Estate Week of April 27-May 1
