Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.22%....
Century 21 Real Estate LLC, a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has launched a partnership with The Institute for Luxury Home Marketing. According to the companies, this new partnership association will provide Century 21 agents with access to The...
American households need to earn $114,000 annually to afford a median-priced home, according to new data report from Realtor.com. Since pre-pandemic 2019, the income required to afford the median-priced home has jumped 70.1% from $67,000. Five of the 10 markets with...
Maria Del Carmen Montes, a real estate broker in Kissimmee, Florida, was sentenced to 33 months in federal prison for bank fraud. According to court documents, Montes, working with her husband Carlos Ferrer and others, created and executed a mortgage fraud scheme...
The retailer Kohl’s Corporation (NYSE: KSS) announced that its board of directors terminated the employment of Ashley Buchanan as CEO. In a statement, Kohl’s declared that Buchanan “violated company policies by directing the company to engage in vendor transactions...
Residents in New York City’s rent-stabilized apartments will soon be paying more to cover their housing costs. Nearly one million New Yorkers live in rent-stabilized apartments. The typical monthly cost of a rent-stabilized apartment in the city is roughly $1,500,...
Hits and Misses for the Real Estate Week of April 27-May 1
