Seller confusion on agent commissions, a new hotel in Harlem and a San Francisco landmark getting a lift ahead of a potential flooding. From the wild and wooly world of real estate, here are the hits and misses for the week of Nov. 20-24. Miss: Who Pays for What? One...
At the Richmond Fed, we serve Virginia but also the District of Columbia, Maryland, West Virginia and the Carolinas. We are constantly on the ground working to better understand the economy. Just last year we had over 1,700 community engagements. These meetings take...
The Tunnel to Towers Foundation has launched its fifth annual Season of Hope campaign, with the goal of delivering 40 mortgage-free homes to eligible recipients by Christmas Eve. This year’s Season of Hope began with the foundation’s pledge to pay off the mortgage on...
Florida recorded 19,729 closed sales of existing single-family homes statewide last month, a 5.3% year-over-year decline, according to data from Florida Realtors, while existing condo-townhouse sales totaled 8,115, down 2.9% over October 2022. Last month, Florida’s...
The Empire State experienced another rocky month of real estate transactions, according to new data from the New York State Association of Realtors (NYSAR). The year-over-year activity for closed sales across the state were down for the 26th consecutive month,...
The mortgage market is heading into the Thanksgiving holiday weekend on the upswing, according to new data from the Mortgage Bankers Association (MBA) tracking the week ending Nov. 17. The Market Composite Index, the trade group’s measure of mortgage loan application...
