The 30-year fixed rate mortgage averaged 6.69% as of Jan. 25, up from last week when it averaged 6.60%, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. A year ago at this time, it averaged 6.13%. The 15-year fixed-rate mortgage averaged...
Sales of new single‐family houses in December were at a seasonally adjusted annual rate of 664,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8% above the revised November rate of 615,000 and is...
Home sellers made a $121,000 profit and a 56.5% return on investment (ROI) for the typical sale in 2023, according to data from ATTOM. Last year’s figures were down from the $122,600 profit and 59.8% ROI recorded in 2022 – the first decline in either category since...
The median asking rent for 0-2 bedroom properties in the 50 largest metros was $1,713 in December, according to new data from Realtor.com. This is down by $7 (-0.4%) from December 2022 and down $63 (-3.5%) from its July 2022 peak – although it is also $309 (22%)...
Marriott International Inc. (NASDAQ: MAR) announced plans to expand its new Apartments by Marriott Bonvoy brand offering through new development agreements in the U.S., Italy and Saudi Arabia. The brand offers premium and luxury apartment-style accommodations where...
While low income home buyers are still struggling with housing affordability and low housing inventory, multifamily developers are attracting investments that are enabling them to build more apartments. Community Action Partnership in Alabama gets investor A 56-unit...
