Second homes lost their luster in 2024 as homebuyers only took out 86,604 mortgages on these properties, down 5% year-over-year to the lowest level dating back to 2018. According to data from Redfin (NASDAQ: RDFN), second home mortgages made up only 2.6% of all...
LPT Holdings, the parent company of LPT Realty, has launched Aperture Global Real Estate as its new luxury brand. The new brand is being rolled out in 15 states and four international cities, with nearly 20 more global locations planned for the near future. Michael...
The 30-year fixed rate mortgage averaged 6.76% as of May 8, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is unchanged from last week and down from the 7.09% rate recorded one year ago. The 15-year fixed-rate mortgage...
Single-family existing home sales prices were up in 83% of metro markets (189 out of 228) during the first quarter, according to data from the National Association of Realtors (NAR), which also found 11% of the tracked metro areas recorded double-digit price gains,...
A new data report from ATTOM has found 46.2% of mortgaged residential properties were considered equity-rich in the first quarter, down from 47.7% in the fourth quarter of 2024. However, the rate is also nearly double what it was in the first quarter of 2020, prior to...
Habitat for Humanity of Long Island has asked 26-year-old Kristen Henry to sit on its board of directors. Henry is the chief technology officer at SQ4D, a pioneering construction technology engaged in producing 3D printed, full-scale concrete homes. At 22, she became...
Hits and Misses for the Real Estate Week of April 27-May 1
