Billy Joel is making a comeback – not in the music world, but in the real estate sector with a relisting of a property that failed to sell 15 years ago. Newsday reported the legendary singer/songwriter is relisting his 26-acre waterfront Centre Island estate in Oyster...
A federal regulator did a rare about face, a municipal legislator raised a controversy over property protection by gun-carrying guards and a member of our team received a well-deserved honor for his illustrious career. Looking into the wild and wooly world of real...
New listings of homes for sale dropped 19% year over year during the four weeks ending May 7, according to data from Redfin (NASDAQ:RDFN). As a result of the inventory shortage and mortgage rates that remain above 6%, there were 16% fewer pending home sales than one...
Remember those days of multiple offers? Lines of buyers outside the door of your latest listing? Those days are over in most markets as mortgage rates steadily test the 7% level and buyers grow increasingly skittish about a recession. But you have a listing that has...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56% by the end of the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This...
Hits and Misses for the Real Estate Week of May 11-15
