More than nine of every 10 U.S. homeowners with mortgages (91.8%) have an interest rate below 6%, according to a new report from Redfin (NASDAQ:RDFN). This is slightly below the record high of 92.9% hit in mid-2022. Redfin also noted that 82.4% of mortgaged homeowners...
Propertymate, an Austin-based proptech startup that helps homebuyers to search, compare, and buy newly constructed homes, has raised $5.5 million in seed funding. According to the company, the new infusion of funds will enable it to rebrand as NewHomesMate and expand...
There was an increase of activity in the mortgage application space, according to new data from the Mortgage Bankers Association (MBA) covering the week ending June 9. The Market Composite Index, a measure of mortgage loan application volume, was up by 7.2% on a...
Mortgage credit availability was something of an elusive commodity last month, according to the Mortgage Credit Availability Index (MCAI) data from the Mortgage Bankers Association (MBA). The MCAI dropped by 3.1% to 96.5 in May – the index was benchmarked at 100 in...
One of Hollywood’s most prominent real estate agents has relocated her business. Cindy Ambuehl, the former luxury estate director in the Santa Monica office of Compass, has been signed as the executive director of luxury estates at AKG | Christie’s International Real...
Massachusetts Gov. Maura Healey has unveiled the Massachusetts Community Climate Bank, which is promoted as the nation’s first green bank dedicated to affordable housing. This new endeavor is financed with $50 million from the state’s Department of Environmental...
Hits and Misses for the Real Estate Week of May 11-15
