A new data study determined that Florida home buyers are paying much more than they should for their properties, based on long-term pricing trends. According to the Real Estate Initiative at Florida Atlantic University (FAU), all nine of the state’s nine measured...
Nearly half of the homes that are being listed for sale are being snatched up almost immediately, according to new data from Redfin (NASDAQ: RDFN). For the four-week period ending April 30, Redfin found 48% of homes that sold during that period went under contract...
Simon Property Group (NYSE:SPG) is focusing its near-term future on developing multifamily housing and hotels. Indianapolis-headquartered REIT announced during its Q1 earnings call this week that is plans to develop and construct approximately 2,000 residential units...
Better, the New York City-based fintech lender, has rolled out its first home equity line of credit (HELOC) products. According to the company, the new HELOC product can be obtained through a fully online process, with closings in as little as three days from an...
I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
The 30-year fixed-rate mortgage averaged 6.39% of today, according to new data from Freddie Mac (OTCQB:FMCC). This rate is down from last week when it averaged 6.43%. A year ago at this time, the rate 5.27%. The 15-year fixed-rate mortgage averaged 5.76%, up from last...
