Completed foreclosure auctions during the first quarter were up by 33% from one year earlier and up by approximately 10% from the same period two years earlier, according to data from Auction.com. The first quarter’s activity was at a six-year high as distressed...
The 30-year fixed-rate mortgage averaged 6.23% as of April 23, down from last week when it averaged 6.30%. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the mortgage averaged 6.81% at this time one year ago. The 15-year...
Canada’s national apartment vacancy rate rose to 5.1% during the first quarter, up 110 basis points year-over-year and the ninth consecutive quarterly increase. According to new data from Yardi, in-place rent growth slowed to an average of 2.7% annually – the lowest...
The real estate brokerage The Agency has expanded into the Middle East with the launch of its first office in Saudi Arabia. The company is partnering with Maya Real Estate to debut The Agency Saudi Arabia, which will be based in the capital city of Riyadh. The new...
Florida’s Burgess Island, a 104-acre private island estate based in Pine Island Sound between Sarasota and Naples, has been listed for sale at $89 million. The property features a luxury residence built in 1928 that features 11 bedrooms, 10 full bathrooms and three...
The chief executive of a New York City housing nonprofit was arrested and jailed for failing to complete repairs at a Harlem apartment building owned by the organization. The Gothamist reports Malcolm Punter, president and CEO of Harlem Congregations for Community...
