Mortgage rates continued to tumble in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
Two Democratic leaders in Congress are warning the Federal Reserve and other financial regulatory agencies not to cooperate with staff members of Elon Musk’s Department of Government Efficiency (DOGE) while the Trump administration is requesting employees at the...
UK Prime Minister Keir Starmer has pledged to create the nation’s “largest housebuilding program” since the post-World War II era with the proposed construction of up to 12 new towns and the potential for 10,000 or more homes. According to combined media...
Nevada Gov. Joe Lombardo is seeking a resolution from the state legislature to encourage the release of federal land for housing development. In a letter to Senate Majority Leader Nicole Cannizzaro and Assembly Speaker Steve Yeager, both Democrats, the Republican...
Ukraine recorded its first land purchase by a Western private fund since the Russian invasion in 2022. The Odessa News reports the Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv from Secure Property Investment and Development, a...
