Cortland, an Atlanta-headquartered multifamily real estate investment, development, and management company, appointed Juan Bueno as president of operations. In this newly created position, Bueno will oversee a variety of critical functions including operations and...
This is article is adapted from recent written testimony presented before the U.S. House Financial Services Committee Subcommittee on Housing and Insurance by Alicia Huey, 2023 Chairman of the Board of Directors of the National Association of Home Builders and a...
The Pennsylvania housing market broke a record in June when the median sales price for a single-family home reached $229,004 – a 4% leap above previous record of $219,811 set in May. According to data from the Pennsylvania Association of Realtors (PAR), the state’s...
Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
Existing home sales fell 3.3% from May to June, reaching a seasonally adjusted annual rate of 4.16 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales slid 18.9% from 5.13 million in June 2022. The median...
Profit margins on median-priced single-family home and condo sales rose to 47.7% during the second quarter, according to new data from ATTOM. This represented the first gain in a year and an increase from the 43.9% in the first quarter. The median nationwide home...