Current News & Events
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
AG Bondi: ‘There is No Investigation into Bill Pulte’
It is unclear why Bondi waited three weeks to make this announcement. Continue Reading AG Bondi: ‘There is No Investigation into Bill Pulte’
New York State’s Housing Market Remains Weak
Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Continue Reading New York State’s Housing Market Remains Weak
Extra Space Storage Completes Merger with Life Storage
The $12.7 billion, all-stock transaction creates the nation’s largest storage operator. Continue Reading Extra Space Storage Completes Merger with Life Storage
Texas Q2 Median Home Price Down 3.1%
The second quarter saw fewer closed sales – 96,541, a 10.8% year-over-year decline. Continue Reading Texas Q2 Median Home Price Down 3.1%
San Francisco Mayor Proposes Turning Empty Offices Into Schoolrooms
The mayor proposed razing the half-vacant San Francisco Centre shopping mall and turning it into a soccer stadium. Continue Reading San Francisco Mayor Proposes Turning Empty Offices Into Schoolrooms
New Executive Director at Notre Dame’s Fitzgerald Institute for Real Estate
Michael O’Malley joins FIRE from Pennybacker Capital, a real estate private equity firm in Austin. Continue Reading New Executive Director at Notre Dame’s Fitzgerald Institute for Real Estate
Simon Chen Named President and CEO at Arrival Home Loans
Chen was managing partner at August Hill, an advisory firm for startups, capital providers and industry partners. Continue Reading Simon Chen Named President and CEO at Arrival Home Loans
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
He was previously general counsel and chief compliance officer at Reverence Capital Partners. Continue Reading Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
Hilco Real Estate Finance Takes Aim at the UK Market
HREF will provide loans ranging from £1 million to £50 million and loan-to-value ratios of up to 75%. Continue Reading Hilco Real Estate Finance Takes Aim at the UK Market
Redfin: 1% of US Homes Changed Hands Year-to-Date
“The typical home is selling for about 40% more than before the pandemic,” said Chief Economist Taylor Marr. Continue Reading Redfin: 1% of US Homes Changed Hands Year-to-Date
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
