Nearly two in five (38%) renters don’t believe they’ll ever own a home, according to a new survey by Redfin (NASDAQ:RDFN). This is up from roughly one-quarter (27%) less than a year ago. Nearly half (44%) of renters who don’t believe they’ll buy a home in the near...
A new record was set in the Colorado housing market with the $77 million sale of a 12,655-square-foot home on 60.78 acres of ranchland in Aspen. The Aspen Times reported the 8-bedroom, 11-bathroom home was purchased in a cash deal. The property, which was built in...
McShane Construction Company was tapped by Lincoln Avenue Communities to build Canyons, a 60-unit affordable housing residence in Madison, Wisconsin. Positioned on a 1.12-acre site, the building will feature four stories of wood frame construction atop a concrete...
CMG Financial, a mortgage banking firm headquartered in San Ramon, California, announced its retail acquisition of Norcom Mortgage of Hartford, Connecticut. The financial terms of the acquisition were not disclosed. The integration of Norcom Mortgage marks CMG’s...
The median monthly housing payment reached a record high of $2,747 during the four weeks ending April 7, according to new data from Redfin (NASDAQ:RDFN). This marked an 11% year-over-year upswing. Redfin attributed this situation to elevated home prices and mortgage...
John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...
Hits and Misses for the Real Estate Week of April 27-May 1
