The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology. This sum accounts for 9.6% of average monthly mortgage-related expenses when factoring in...
The Black homeownership rate during the second quarter dropped to 43.9%, according to data from Redfin. This is down from 45.3% one year ago, marking both its lowest level since the fourth quarter of 2021 and the largest year-over-year decline since the third quarter...
A trio of Democratic senators have introduced the Yes in God’s Back Yard (YIGBY) Act, new legislation designed to assist faith-based organizations and colleges to transform underused property into affordable housing. The YIGBY Act would provide federal assistance to...
A new Reuters report has determined the father and stepmother of Bill Pulte, the Federal Housing Finance Agency (FHFA), have improperly claimed primary residence on two different properties in two different states – a situation that resonates closely to the...
Apartment rents in August recorded a national average of $1,713, a slight 0.23% decrease from July’s revised rent of $1,719. According to Apartments.com, an online marketplace of CoStar Group (NASDAQ: CSGP), this marks the second consecutive month of flat or negative...
A mega-church in central Connecticut announced plans to build a five-story apartment complex with 146 affordable units on its property. The Hartford Courant reports First Cathedral in Bloomfield offered an informal presentation to the town’s planning and zoning...
