A British Columbia real estate lawyer was declared “ungovernable” and disbarred for a third time by a Law Society of B.C. panel. The CBC reported the Law Society found the Richmond-based Hong Guo engaged in “repetitive, protracted and serious”...
Closed sales of existing single-family homes in Florida during August totaled 22,675, down 1.1% year-over-year, while existing condo-townhouse sales totaled 7,898, down 14.9% from one year ago, according to data from Florida Realtors. The statewide median sales price...
Home prices in New York continued to rise while the state’s housing inventory declined again, according to data from the New York State Association of Realtors. The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. This...
Mortgage rates were down again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. A year ago at this time, it averaged 7.19%....
Existing home sales were down 2.5% from July to August, reaching a seasonally adjusted annual rate of 3.86 million in August, according to new data from the National Association of Realtors (NAR). Year-over-year, sales fell by 4.2% from the 4.03 million sales in...
This week’s edition of Tech Trends focuses on new offerings aimed at real estate investors. Multifamily Mortgage Tracking. The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that offers details about loans...
Hits and Misses for the Real Estate Week of May 11-15
