Featured Real Estate News
30-Year Fixed-Rate Mortgage Floats Up to 6.00%
The 30-year fixed-rate mortgage inched up to 6.00% as of March 5, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it fell below the 6.00% mark for the first time since 2022, averaging 5.98%. A year ago at this time,...
30-Year Fixed-Rate Mortgage Floats Up to 6.00%
A year ago at this time, it averaged 6.63%. Continue Reading 30-Year Fixed-Rate Mortgage Floats Up to 6.00%
Pending Home Sales Plummeted During December
Pending home sales in December dropped by 9.3% from the prior month and were down by 3.0% from the previous year, according to data from the National Association of Realtors (NAR). On a regional basis, pending home sales were down in all four regions on a...
Trump Commutes Sentence on Real Estate Developer Convicted in $50 Million Mortgage Fraud Scheme
President Trump has commuted the sentence of a real estate developer who was convicted two years ago in a $50 million mortgage fraud involving Connecticut properties. Jacob Deutsch of Brooklyn was sentenced in January 2024 to five years in prison and fined $10,000 for...
Tampa Bay Rays in MOU to Build New Stadium on Hillsborough College Campus
The Tampa Bay Rays have signed a non-binding memorandum of understanding (MOU) with Hillsborough College to redevelop the college’s 113-acre Dale Mabry campus to become a new baseball stadium and mixed-use development. MLB.com reports the campus is south of George M....
News & Current Events
Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
FHFA Director Bill Pulte claimed he was not involved in the DOJ’s actions, although several media reports cited him as being the instigator of the probe. Continue Reading Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
“My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes,” said the president. Continue Reading Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
The FHA share of total applications decreased to 15.9% from 19.2% the week prior. Continue Reading Refinancing Inquiries Spark Upswing in Mortgage Application Activity
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The Best and Worst Places to Retire Are…
California had four of the five worst cities for retirement. Continue Reading The Best and Worst Places to Retire Are…
Trump Considering a Housing Emergency Declaration
Treasury Secretary Bessent stated the declaration could occur as early as this fall. Continue Reading Trump Considering a Housing Emergency Declaration
HUD Cracks Down on Illegal Immigrants in Public Housing
“HUD will leverage all available enforcement actions against entities who do not comply with the request for citizenship information,” said Secretary Scott Turner. Continue Reading HUD Cracks Down on Illegal Immigrants in Public Housing
UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Clients can now buy property in the Ras Al Khaimah real estate market using major digital assets like USDT, BTC, ETH, and more. Continue Reading UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Saudi Arabia Launches First RMBS
Saudi Arabia is also the first Gulf nation to embark in an RMBS offering. Continue Reading Saudi Arabia Launches First RMBS
San Francisco Offers Squatters $5,000 Airbnb Gift Cards to Leave Public Housing Complex
The distribution of the gift cards has been erratic, with only some of the squatters receiving them. Continue Reading San Francisco Offers Squatters $5,000 Airbnb Gift Cards to Leave Public Housing Complex