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...
The issuance of domestic, private-label commercial mortgage-backed securities (CMBS) totaled $5.98 billion during the first quarter of this year, according to data from Trepp LLC. This is down by 12% from the fourth quarter of 2022 and a 79% plummet from the first...
The commercial real estate services firm Cushman & Wakefield (NYSE: CWK) has named Noelle Perkins as executive vice president, general counsel and corporate secretary, effective July 1. In her new job, the Chicago-based Perkins will provide strategic advice,...
Today is April 13 and it is of double importance to Mark Pires, a realtor with Berkshire Hathaway Home Services in New Canaan, Connecticut. First, it is his birthday – and, on behalf of the WRE News family, here is wishing Mark a very Happy Birthday! Also, tonight at...
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...
Inflation Just Put Mortgage Rates Back in the Crosshairs
