Mortgage-rate locks for second homes plummeted by 13.1% year-over-year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to new data by Redfin (NASDAQ: RDFN). In comparison, mortgage-rate locks for primary homes declined 5.2%....
Valet Living, the Tampa-headquartered residential amenities provider to the multifamily housing industry, has promoted Matt Graves to president. Graves has been the company’s chief operating officer since 2022 and will retain that title. He joined Valet Living in 2018...
A total of 30,227 residential properties had foreclosure filings in August, according to new data from ATTOM. This is down 5.3% from July and down 11% from August 2023. Nationwide, one in every 4,662 housing units had a foreclosure filing last month. The states with...
The Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) is reportedly planning to reapproach Japan’s Seven & i Holdings (OTCMKTS: SVNDY) with a new acquisition bid, despite the U.S. Federal Trade Commission’s (FTC) reported it was pursuing an antitrust...
The European Central Bank (ECB) announced its second rate cut of the year by lowering its deposit facility rate by 25 basis points to 3.50%. The ECB’s interest rates on the main refinancing operations and the marginal lending facility were also decreased to 3.65% and...
The historic Gateway Hotel in El Paso, Texas, has been temporarily closed by a state judge amid accusations that the property’s owner enabled the Venezuelan criminal gang Tren de Aragua to operate from its premises. The El Paso Times reported Judge Maria Salas-Mendoza...
Hits and Misses for the Real Estate Week of Aug. 3-7
