The Miami Beach mansion that was once home to iconic singer-actress Cher has been listed for sale at $42.5 million. The 0.68-acre property in the La Gorce Island gated community features a 12,450-square-foot residence built in 1953. The Spanish-style residence has six...
The 30-year fixed-rate mortgage inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB:FMCC). According to the government-sponsored enterprise, the 30-year fixed-rate mortgage averaged 6.90% as of Aug. 3, up from last...
Freddie Mac (OTCQB: FMCC) has updated its automated income assessment tool to include tax transcripts as a new data source. According to the government-sponsored enterprise, the enhancement will provide lenders with another tool to better automate income assessments...
The housing supply has fallen to a historic low. Builders have not been able to keep pace with demand, resale stock is in short supply due to many social and economic factors, and the demand for housing from the millennial generation continues, with a younger...
Capital Square, a sponsor of tax-advantaged real estate investments and developer of housing communities, has launched Capital Square Glendale BFR LLC with the goal of raising approximately $49 million in equity to develop a 320-unit, build-for-rent (BFR)...
Mortgage application activity slowed during the past week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measurement for mortgage loan application volume, dropped by 3% on both a seasonally adjusted...
Hits and Misses for the Real Estate Week of May 11-15
