New York City Mayor Zohran Mamdani reluctantly jettisoned his campaign promise to demolish the 20,000-square-foot Elizabeth Street Garden in Lower Manhattan in favor of affordable housing for seniors. The garden would have been razed in favor of a 123-unit housing...
The delinquency rate for mortgage loans on one-to-four-unit residential properties during the second quarter decreased to a seasonally adjusted rate of 4.37% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate...
The national multifamily vacancy level is predicted to increase to 8.2% by the end of this year before easing to 8.1% at the end of 2027, according to a new forecast by Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP). Stabilized vacancy is...
The Maine housing market heated up in July with 1,697 homes sold during the month, a 7.75% surge from one year earlier. “Active home sale listings exceeded 6,200 for the first time since December 2019, resulting in the eighth best July since the year 2000,” said Judy...
Mortgage application activity trended higher during the week ending Aug. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.6% on a seasonally adjusted basis...
Toronto-headquartered GO Residential Real Estate Investment Trust (TSX: GO.U) announced its acquisition of 27 properties from H&R Real Estate Investment Trust (TSX: HR.UN) valued at approximately $2.8 billion. The transaction is designed to expand GO’s residential...