Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Home sales in the Keystone State were down in September despite a spike in new listings, according to new data from the Pennsylvania Association of Realtors (PAR) A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. This occurred despite...
The financially ailing Denny’s Corp. (NASDAQ: DENN) announced it was closing 150 of its lowest-performing restaurants, roughly 10% of its locations. According to an Associated Press report, the Spartanburg, South Carolina-headquartered Denny’s stated that...
Miami-headquartered Douglas Elliman Inc. (NYSE: DOUG) announced that Howard M. Lorber will retire from his position as president, CEO and chairman of the board. Douglas Elliman Board Director Michael Liebowitz has been appointed chairman and CEO. Liebowitz is...
The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...
The statewide median home sale price in Texas was $340,000 during the third quarter, unchanged from one year earlier. According to data from Texas Realtors, the median home sales prices were up in 17 of the state’s metro areas and down in nine. Eagle Pass recorded the...
Hits and Misses for the Real Estate Week of May 11-15
