The 30-year fixed-rate mortgage broke through the 7% mark this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 7.04% average as of Jan. 16, up from last week when it averaged 6.93%. One year ago at this time, it...
New data from ATTOM found foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 residential properties in 2024, down 10% from 2023 and down 35% from pre-pandemic 2019. Those properties with foreclosure filings last...
With less than a week before his term expires, President Biden signed an Executive Order directed the Departments of Defense and Energy to identify federal sites that could be used for artificial intelligence (AI) data centers and clean power facilities. The Executive...
The City of Cleveland has filed a lawsuit to stop its NFL team from moving out when the lease on its lakefront stadium expires in 2028. The Associated Press reports Jimmy and Dee Haslam, the owners of the Cleveland Browns, plan to build a $2.4 billion stadium and...
A new survey published by the Ontario Real Estate Association (OREA) has determined that while most residents in the province desire to become homeowners, they believe that too-high costs coupled with expensive municipal development charges are making that goal...
As part of its strategy to rebuild relationships with the industry while polishing its tarnished image, the National Association of Realtors (NAR) has created a new position for senior vice president of industry relations, naming former New Jersey Realtors CEO Jarrod...
Hits and Misses for the Real Estate Week of May 4-8
