The average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan in July was $2,306, according to new data from Black Knight Inc., now part of Intercontinental Exchange Inc. (NYSE: ICE). That sum, which...
House Buyers of America, a high-tech platform that buys homes for cash without charging commissions or fees, has expanded its operations into Connecticut. “The Connecticut expansion was the next natural direction in our growth trajectory,” said Nick Ron, CEO of House...
Homebuyers from overseas spent $4.3 billion on nearly 10,000 residential property purchases in Texas between April 2022 to March 2023, according to new data from Texas Realtors. This activity represented 2.8% of the total number of homes sold and 3.6% of total dollar...
The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
More than three-quarters of prospective home buyers are now considering climate risks when they are shopping for residential properties, according to new research from Zillow (NASDAQ:Z, ZG). Zillow determined that 83% of prospective buyers consider climate risk when...
A dubious DOJ investigation into an irrepressible visionary, a property purchase mystery solved and the return of a glorious downtown Detroit mural that Dan Gilbert tried to hide. From the wild and woolly world of real estate, here are the hits and misses for this...
Hits and Misses for the Real Estate Week of May 11-15
