The median asking rent in the U.S. dipped by 0.4% year-over-year last month to $1,937, according to new data from Redfin (NASDAQ:RDFN). This marked the first annual decline since March 2020 and the lowest median asking rent in 13 months. The median asking rent in...
Median rents of apartments in Manhattan soared to a new peak in March, according to new data from the real estate firm Douglas Elliman. The median rental price in Manhattan reached $4,175 per month last month, up 2% from February and up 12.8% from March 2022. This...
Proper Rate, a Chicago-headquartered joint venture between Guaranteed Rate and @properties, has debuted Same Day Mortgage, a service that provides a loan approval decision in less than 24 hours. The service was tested with select group of Proper Rate and Guaranteed...
Mortgage rates were on the decline again, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of April 13, down from last week when it averaged 6.28%. A year ago at this time, it...
Welcome Homes, a New York City-based proptech that develops lifestyle-designed, has expanded into the Georgia and North Carolina markets. “Our customers have been requesting our presence in these markets for months,” said Alec Hartman, CEO and co-founder...
The City of Long Beach, California, has a big idea for addressing its rental housing shortage – and it involves thinking small. According to the Long Beach Post, proposals on multiple projects that would result in more than 300 “micro-apartments” are now underway...
Hits and Misses for the Real Estate Week of June 15-19
