The median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last month, the median Manhattan rent was $4,000, down 4.6% from October and down 2.3%...
The 30-year fixed-rate mortgage dropped below the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The product averaged 6.95% as of Dec. 14. Last week, was at 7.03%, and one year ago at this time it averaged 6.31%. The...
A total of 72,543 single-family homes and condominiums were flipped in the third quarter, according to new data from ATTOM. This represented 7.2% of home sales, or one of every 14 transactions – down from 7.9% during the second quarter and from 7.7% in the third...
Two home loan lenders – Georgetown, Texas-based Thrive Mortgage LLC and Columbus, Ohio-based Lower LLC – have announced the merger of their brands, Thrive Mortgage and Lower.com. Thrive CEO Selene Kellam and Randell Gillespie, production head for Thrive Mortgage, will...
Stairs Financial, a start-up mortgage marketplace platform aimed at first-time buyers, has launched with a $3.5 million funding round. Stairs Financial was founded by Malcolm-Wiley Floyd and Scott Fritz, who met as roommates at Harvard. The platform is designed to...
A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
