Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week when it averaged 6.90%. A year ago at this...
January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
A new data report from ATTOM has determined there were 1.35 million mortgages secured by residential properties issued during the fourth quarter of 2023. This represented a 13.8% drop from the third quarter – the tenth decline in the last 11 quarters. The fourth...
What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
CBRE Tri-State Capital Markets Group announced the $7.5 million sale of a 13,000-square-foot development site located at 511-521 Newark St. in Hoboken, New Jersey. The site is part of the Southwest Hoboken Redevelopment Plan and is being presented for a potential...
CTO Realty Growth Inc. (NYSE: CTO), a Winter Park, Florida-based real estate investment trust that owns and operates a portfolio of retail-based properties, announced the resignation of Matthew M. Partridge as senior vice president, chief financial officer and...
Hits and Misses for the Real Estate Week of June 29-July 3
