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Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B
Source: SP Global --- Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023 budget...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
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This Utah metro area ranks near top of the nation for home price increases
Source: Deseret News --- A new national housing report has again placed Utah’s capital city among the top in the nation for housing markets with the biggest home price increases. Salt Lake City ranked among the top five of 51 metro areas across the nation for the...
Tech economy, rather than virus, remains biggest uncertainty in real estate market
Source:Almanac News --- Not even a pandemic has been able to slow down the Midpeninsula's housing market. After shutting down for nearly two months in early spring 2020 during the initial COVID-19 lockdowns, the local real estate market has come roaring back with...
Real Estate Accelerator Program for Minority Women Reaches Key Milestones
Source: Washington Times Herald --- FORT LAUDERDALE, Fla., March 18, 2022 (SEND2PRESS NEWSWIRE) — Supporting greater diversity in real estate and entrepreneurship for minority women across the country, the Millionaire Mastermind Real Estate Accelerator Program has...
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