A new stadium in Chicago, a new player in Sun Belt rental housing and cleaning up moldy residences in London. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 22-26. Miss: The Bears Necessities. The Chicago Bears want to...
Last year was problematic for independent mortgage banks and the mortgage subsidiaries of chartered banks – according to new data from the Mortgage Bankers Association (MBA), this sector lost an average of $1,056 on each loan they originated in 2023, down from an...
Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this...
Alabama’s housing market enjoyed a vibrant March with 4,976 sales, up 5.6% from February, according to the Alabama Association of Realtors. This marked the second consecutive month of growth in home sales. However, March’s sales were nearly 30% below the 7,098...
The property developer RXR is partnering with One Investment Management to create a $500 million fund focused on rental housing in the Sun Belt cities. According to a Bloomberg News report, the fund was built with traditional credit and structured equity. Its first...
Profit margins on median-priced single-family home and condo sales declined to 55.3% in the first quarter of this year, according to new data from ATTOM. This is down from 57.1% in the previous quarter and from 56.5% one year earlier, and it represents the smallest...
Hits and Misses for the Real Estate Week of April 27-May 1
