The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
Celebrity broker Ryan Serhant is shooting a new real estate-focused reality television series, and he is starting in New York City’s ultimate deluxe apartment in the sky. According to a New York Post report, Serhant’s new show is on location today at the $250 million...
Mortgage rates were soaring again in the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from last week when it averaged 6.39%. A year ago at this time, the rate averaged 5.10%. The...
ATTOM’s Vacant Property and Zombie Foreclosure Report covering the second quarter of 2023 has determined there are approximately 1.3 million vacant U.S. residential properties – which represents 1.3% or one in 79 homes across the country. The report found 311,508...
The level of pending home sales remained stagnant from March to April, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings –...
Hits and Misses for the Real Estate Week of May 11-15
