Only 16% of the California’s homebuyers could afford to purchase a median-priced, existing single-family home during the third quarter. But according to the California Association of Realtors’ (CAR) Traditional Housing Affordability Index, this is a mild...
Mortgage rates were up for the sixth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7, up from last week when it averaged 6.72%. A year ago at this...
Roughly 90% of metro markets (196 out of 226, or 87%) recorded home price gains during the third quarter, with 7% of these metros recording double-digit gains, according to the National Association of Realtors (NAR). Compared to one year ago, the national median...
A new service is offering to help Trump-hating Americans relocate to another country. Austin-headquartered EscapeAmerica.org promotes itself as offering “both logistical and practical guidance to make the transition smoother for prospective expatriates.” The service...
Consumer confidence in the housing market rose to its highest level since February 2022, according to the latest data from the Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index. The October HPSI increased by 0.7 points to 74.6. The full index is up 9.7 points...
Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at...
Hits and Misses for the Real Estate Week of May 11-15
