Closed home sales across New York State in September totaled 9,564 transactions, a 22.5% decline from the 12,335 sales in September 2022. According to data from the New York State Association of Realtors, pending sales were also down – 9,232 units last month, an 8.1%...
Today’s brides and grooms are less interested in receiving material goods as wedding gifts and would be more receptive to “home funds” to be used for the purchase of their first house. According to a new analysis conducted by Zillow Home Loans and The Knot, the share...
Los Angeles-headquartered Connect Homes, a prefab housing provider, announced plans to open opening a new factory in Mesa, Arizona, during the first quarter of 2024. The new factory will be the second facility in Connect Homes’ portfolio and is designed to...
Profit margins on median-priced single-family home and condo sales increased from 56.6% in the second quarter to 59% in the third quarter, according to data from ATTOM. This represented the second straight quarterly increase following several declines. ATTOM also...
The U.S. Department of Justice (DOJ) announced a $9 million settlement with Ameris Bank, a wholly owned subsidiary of Ameris Bancorp (NASDAQ: ABCB) to resolve allegations that the lender engaged in redlining against predominantly Black and Hispanic communities in...
The 30-year fixed-rate mortgage continued its climb to the 8% level, averaging 7.63% as of Oct. 19, according to new data from Freddie Mac’s (OTCQB:FMCC) Primary Mortgage Market Survey. Last week, the 30-year fixed-rate mortgage averaged 7.57%. One year ago at...
Hits and Misses for the Real Estate Week of May 11-15
