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%
New Data Reports Highlight Mild But Continued Home Price Acceleration
Two new data reports are highlighting mild increases in home prices during October. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.4% annual gain for October, up from a 1.3% rise in the previous month. The 10-City Composite showed an...
Georgia Home Sales Down 9% During November
Georgia recorded a total of 8,249 closed sales during November, a 9% year-over-year decline, while pending sales experienced a 7% drop to 8,241 transactions. According to data from the Georgia Association of Realtors, pending sales were down across all property types...
Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut
KISS frontman Gene Simmons has returned his Beverly Hills mansion to the market with $1 million slashed from the original listing price. TMZ reports the 7,741-square-foot four-bedroom, five-bathroom residence is now being offered for just under $13 million. The...
News & Current Events
Chicago Board of Education Approves Small Property Tax Hike
For a Chicago household with a $250,000 home, they will have to pay an additional $8 next year. Continue Reading Chicago Board of Education Approves Small Property Tax Hike
DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
The consent decree does not carry a financial penalty or the acknowledgment of wrongdoing. Continue Reading DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
Trump Renews Attacks on Fed Chairman Powell
“He should resign – it would be a favor to the nation,” Trump said. Continue Reading Trump Renews Attacks on Fed Chairman Powell
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Exclusive News
US Housing Market Has Nearly $700 Billion in Listings, a Record High
This new record was achieved as the US housing supply soared 16.7% year-over-year to a five-year high. Continue Reading US Housing Market Has Nearly $700 Billion in Listings, a Record High
Realty One Group International Expands Into the Dominican Republic
This is the 27th country where the company has a presence. Continue Reading Realty One Group International Expands Into the Dominican Republic
6-Unit Connecticut Multifamily Property Sells for $2 Million
Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the transaction. Continue Reading 6-Unit Connecticut Multifamily Property Sells for $2 Million
Egypt Unveils Plans for New City
Egyptian Prime Minister Moustafa Madbouli declared the project to be “an urban and development revolution” that will create 250,000 jobs. Continue Reading Egypt Unveils Plans for New City
Hits and Misses for the Real Estate Week of May 26-30
This week’s Hits and Misses include Gov. Ron DeSantis and Kim Reynolds, former Vice President Kamala Harris, and NAR’s newest executives. Continue Reading Hits and Misses for the Real Estate Week of May 26-30
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
Report: New Apartments Sitting Vacant for Months
Nearly 125,000 new apartments were completed in the fourth quarter, the second highest number on record. Continue Reading Report: New Apartments Sitting Vacant for Months
King Charles Makes Royal Property Available as Short-Term Rental
The refurbished property has a naughty history as the love-nest of Edward VII, the monarch’s great-great-grandfather, and his actress lover Lillie Langtry. Continue Reading King Charles Makes Royal Property Available as Short-Term Rental
Hyatt Launches New Upscale Hotel Brand
According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.” Continue Reading Hyatt Launches New Upscale Hotel Brand