Mortgage rates continued to sink away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of June 27, down from last week when it averaged 6.87%. A year ago at this...
The financially troubled Walgreens pharmacy chain is planning to close a substantial number of its U.S. stores over the next few years. In a Wall Street Journal interview, Walgreens Boots Alliance (NASDAQ:WBA) CEO Tim Wentworth said the company is reviewing roughly...
Bluegrass Realtors has named Richard Gibbens as the new CEO for both the association and the Imagine MLS in Lexington, Kentucky. Gibbens was previously executive director for Southwest MLS, a wholly owned subsidiary of New Mexico’s Greater Albuquerque Association of...
Italy’s Tuscany region is offering cash incentives for people to move into its underpopulated rural towns and villages. USA Today reported the new initiative “Residenzialità in Montagna 2024” – which translates to “Residentiality in the Mountains 2024” – will offer...
The elevated cost of housing has created new considerations of homeownership by middle-income Americans. According to a new survey published by Santander Holdings USA Inc., 81% of middle-income respondents said the high cost of housing is a major financial issue, with...
Sales of new single‐family houses during May were at a seasonally adjusted annual rate of 619,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.3% below the revised April rate of 698,000 and...
Hits and Misses for the Real Estate Week of June 15-19
