Featured Real Estate News
Mortgage Rates Start Rising Again
Mortgage rates climbed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. A year ago at this time, it averaged 6.65%. The 15-year...
Mortgage Rates Start Rising Again
The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. Continue Reading Mortgage Rates Start Rising Again
Virginia Real Estate Agent Shot in Her Home During New Year’s Eve Burglary
The owner of a Virginia real estate agency was shot in her home during a burglary on New Year’s Eve. The Independent reports Judy Boone, the owner of Judy Boone Realty in Norfolk, was shot three times inside her home. The 72-year-old Boone was taken to the hospital...
Mortgage Bankers Association Names Alexandra Brinton as VP/CFO
The Mortgage Bankers Association (MBA) announced the appointment of Alexandra Brinton as vice president and chief financial officer. In her new job, Brinton will oversee MBA’s managerial accounting and financial operations, including financial reporting, budgeting,...
Mickey Rourke Starts GoFundMe Campaign to Fight Eviction from LA Home
Oscar-nominated actor Mickey Rourke has started a GoFundMe campaign to encourage fans to help him stave off eviction. Variety reports Rourke was served with an eviction notice last month on his Los Angeles home. Rourke owes approximately $60,000 on the home and has...
News & Current Events
Meraas Previews Masterplan for New Dubai Waterfront Development
The timeline and budget for the project were not disclosed. Continue Reading Meraas Previews Masterplan for New Dubai Waterfront Development
Hits and Misses for the Real Estate Week of Dec. 29-Jan. 2
The HUD Secretary on a roll, pending home sales on the rise, and Warren Buffett calls it a day. Continue Reading Hits and Misses for the Real Estate Week of Dec. 29-Jan. 2
Fort Worth Business Owner Pleads Guilty in Unfinished Home Building Fraud Case
Christopher Judge faces up to 20 years in federal prison. Continue Reading Fort Worth Business Owner Pleads Guilty in Unfinished Home Building Fraud Case
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Exclusive News
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
The state’s price increases of 63.7% over the past five years outpaced the national average of 55.5%. Continue Reading Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
New York State Records 6.2% Drop in Home Sales
The state’s median price of homes increased for the 21st straight month. Continue Reading New York State Records 6.2% Drop in Home Sales
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
The buildings’ construction will be funded by G42 while the data center will be operated by OpenAI and the tech company Oracle. Continue Reading OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April
Appraisal Institute Ousts Vice President Accused of Sexual Harassment
Craig Steinley called the ouster “a deliberate act of retaliation driven by internal politics.” Continue Reading Appraisal Institute Ousts Vice President Accused of Sexual Harassment
$16.9 Million Allocated for Virginia Workforce Housing Investment Program
The program aims to increase the workforce housing supply in areas that have new or expanding businesses. Continue Reading $16.9 Million Allocated for Virginia Workforce Housing Investment Program
Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029
“Nationally, dwelling prices rose by 4.9% over 2024 and by a further 0.7% over the first three months of 2025,” the report said. Continue Reading Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029