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CMBS Delinquency Rate Dropped to 7.14% in February
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Bank of America (NYSE: BAC) has allocated $10 million in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, nonprofit facilities, and small business assistance to the victims of last January’s wildfires in Los Angeles...
reAlpha Tech Corp. Acquires InstaMortgage
reAlpha Tech Corp. (NASDAQ: AIRE), a Dublin, Ohio-based AI-powered real estate technology company, announced its acquisition of InstaMortgage Inc., an independent mortgage lender. Founded in 2008 and headquartered in San Jose, InstaMortgage is an originations-focused...
Maine’s Housing Market was a November to Forget
A total of 1,160 homes were sold in Maine during November, a slight decline from the 1,312 homes sold during November 2024. According to the Maine Association of Realtors, the state reported a median sales price of $399,000 for single-family existing homes sold in...
News & Current Events
Report: NFL’s Chiefs to Relocate from Missouri to New Domed Stadium in Kansas
The lease at Arrowhead Stadium, their home since 1972, expires in 2030. Continue Reading Report: NFL’s Chiefs to Relocate from Missouri to New Domed Stadium in Kansas
Trump Suspends Leases on 5 Offshore Wind Projects
Interior Secretary Doug Burgum called the projects “expensive, unreliable, heavily subsidized offshore wind farms.” Continue Reading Trump Suspends Leases on 5 Offshore Wind Projects
Pennsylvania Home Sales Down While Prices Keep Rising
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. Continue Reading Pennsylvania Home Sales Down While Prices Keep Rising
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Canadian Home Sales Flattened in April
The non-seasonally adjusted national average home price was $679,866 in April, down 3.9% from one year before. Continue Reading Canadian Home Sales Flattened in April
Vietnam Approves Trump Organization’s Golf Resort Real Estate Project
The projects will encompass a golf course the size 336 American football fields, residential areas, commercial spaces and parks. Continue Reading Vietnam Approves Trump Organization’s Golf Resort Real Estate Project
Voice of America’s DC HQ Listed for Sale
The million-square-foot property was constructed in 1940. Continue Reading Voice of America’s DC HQ Listed for Sale
New NAR Study: Housing Affordability Gap Remains in Place
NAR found that households earning $100,000 annually can currently afford only 37.1% of home listings. Continue Reading New NAR Study: Housing Affordability Gap Remains in Place
Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders
The US tenant billing software market is anticipated to reach $488.27 million by 2032. Continue Reading Tech Trends: Keeping Track of Today’s Business, Meeting Tomorrow’s Tech Leaders
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
Builder Confidence Drops, Albeit with a Significant Asterisk Attached
Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...
Zillow: New Listings Are Outpacing Home Sales
New listings were up year-over-year in 44 of the 50 largest metros. Continue Reading Zillow: New Listings Are Outpacing Home Sales
Foreclosure Activity Continues to Rise
According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in April. Continue Reading Foreclosure Activity Continues to Rise