An abandonment of San Francisco commercial mortgages, the Fed presses the pause button and President Biden’s unlikely railroad idea. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: I Left My Mortgage in San...
The latest national housing report from RE/MAX (NYSE:RMAX) found a 20% increase in home sales from April to May, although May’s sales were also down 18.7% from one year ago. “The sizeable jump in May homes sales signals the start of the peak selling season, but...
Fox News anchor Bret Baier is seeking to flip a luxury property in swanky Palm Beach, Florida, that he purchased 15 months ago. Baier acquired the 0.26-acre property featuring a 4,162-square-foot residence with three bedrooms and four-and-a-half bathrooms in March...
The California Association of Realtors (CAR) has criticized the state legislature for omitting a homeownership assistance program in its 2023-24 state budget. The trade group issued a statement that declared it was “disappointed that the legislature failed to...
The U.S. Department of Justice (DOJ) has reached a settlement with Folsom, California-based FPI Management Inc., a multifamily property management firm, in which the company will pay $74,087 to resolve allegations that it violated the Servicemembers Civil Relief Act...
Mortgage rates took a dip for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. A year ago at...
