Mortgage borrowers in the U.K. began the week with a new degree of financial discomfort as the average two-year fixed mortgage rates for homebuyers hit 6.01% today, the highest level since last December. The rate was 5.98% on Friday, as per data from Moneyfacts. This...
Airdeed, an online short-term rental real estate marketplace, has announced the results of a data analysis to determine the top markets for long-term rental property investment. The Jacksonville, Florida-based Airdeed analyzed more than 1,000 long-term rental...
A Chinese property developer wanted by the U.S. government on bribery charges has agreed to be extradited. The South China Morning Post reported that Zhang Li, co-founder of Chinese property developer Guangzhou R&F Properties, was arrested last year at London’s...
The U.S. Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. According to HUD, the grant program provides financial assistance to smaller communities looking to...
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...
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4
