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CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
Hits and Misses for the Real Estate Week of July 14-18
A spike in foreclosure filings, Ohio’s dueling property tax relief efforts, and a congressman facing eviction. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 14-18. Miss: A Big Uh-Oh. A total of 187,659 residential...
RE/MAX: Home Sales Up for Fifth Straight Month
The latest housing data from RE/MAX (NYSE: RMAX) determined home sales during June were up across the 50 metro areas surveyed by the company. This marked the fifth consecutive month of increased sales. Last month’s sales activity was 1.3% higher compared to May and...
Q2 Home Sales in Texas Up 1.4%
Closed sales across Texas during the second quarter totaled 95,364, a year-over-year uptick of 1.4%. According to data from Texas Realtors, closed sales were up in 16 of the state’s metro areas and down in 10. Statewide, active listings increased 27.8% from the same...
NEWS & CURRENT EVENTS
$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units
Groupe Mach has unveiled its plans for the Langelier project, a $3.5 billion mixed-used development in Montreal that will encompass 7,000 residential units. The 1.45 million-square-foot project will encompass 5,700 market-rate residential units, 1,300 social and...
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
Buffalo Council Approves 8% Property Tax Hike
Acting Mayor Scanlon put forth the 8% property tax levy increase proposal last month, claiming it would generate around $13.7 million. Continue Reading Buffalo Council Approves 8% Property Tax Hike
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Delaware Home Sales and Prices Down in June
New listings were up last month by 5.17% to 1,587, compared to the 1,509 listings from June 2023. Continue Reading Delaware Home Sales and Prices Down in June
Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
“We need to do a better job of passing on our heritage to younger generations,” she once observed. Continue Reading Enid C. Pinkney, Preservationist of Miami’s Historic Black Properties, Dies at 92
The New Normal: Million-Dollar Starter Homes
The typical luxury home sold for a record $1.18 million in the second quarter. Continue Reading The New Normal: Million-Dollar Starter Homes
Q2 Home Sellers’ Profit Margins Remained Stagnant
The profit margin’s lack of movement occurred despite the median home price reaching a record high of $365,000. Continue Reading Q2 Home Sellers’ Profit Margins Remained Stagnant
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
New Initiative Launched to Accelerate Canadian Home Construction
Housing Minister Sean Fraser acknowledged the new initiative comes in the wake of “a shortage of affordable housing in Canada.” Continue Reading New Initiative Launched to Accelerate Canadian Home Construction
Iowa’s Housing Inventory Up 32% from Last Year
The median sales price jumped 6.4% in June to $250,000. Continue Reading Iowa’s Housing Inventory Up 32% from Last Year
Denver City Council Questions Mayor’s Proposed Sales Tax Hike to Fund Affordable Housing
If approved, the sales tax rate would face its eighth increase in 10 years. Continue Reading Denver City Council Questions Mayor’s Proposed Sales Tax Hike to Fund Affordable Housing
Honoring Pioneer Day: Lessons for Real Estate Agents from Our Resilient Forebears
Pioneer Day holds a special place in my heart and the hearts of many in Utah. As we celebrate this day, it’s important to reflect on the incredible journeys our ancestors undertook and the legacies they left behind. For my family, with deep pioneer roots,...
Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme
Kolade Akinwale Ojelade faces up to 32 years in federal prison and will be subject to deportation upon completing his sentence. Continue Reading Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme
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