An accused serial killer’s house attracts unwanted attention, a royal couple’s possible arrival created agita, and what does Iceland have that the U.S. doesn’t? Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss:...
What a difference a year makes – according to Redfin (NASDAQ:RDFN), a first-time homebuyer must earn roughly $64,500 per year to afford the typical “starter” home, up by $7,200 or 13% from one year earlier. Redfin reported the typical starter home sold for a record...
The New York State Division of Housing and Community Renewal announced the completion of Williamsbridge Gardens, a $91 million affordable and supportive housing development in the Williamsbridge section of the Bronx. The new development consists of two eight-story...
The U.S. Department of Housing and Urban Development (HUD) has unveiled Pathways to Removing Obstacles to Housing (PRO Housing), a new program that will provide $85 million in grants for communities to identify and remove barriers to affordable housing production and...
Mortgage rates ascended anew in Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.81% as of July 27, up from last week when it averaged 6.78%. A year ago at this time, it averaged 5.30%. The 15-year...
U.S. mortgage delinquency plummeted to a historic depth, according to new data from CoreLogic that determined 2.6% of all mortgages were in some stage of delinquency during May. This is down from 2.8% in April and 2.7% in May 2022. During May, early-stage...