Featured Real Estate News
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 41 basis points (bps) to 7.55% in March, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 6.65%. “The five largest newly delinquent loans accounted for...
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
One year ago, the CMBS delinquency rate was 6.65%. Continue Reading CMBS Delinquency Rate Up 41 Basis Points to 7.55%
Maine Home Values Increased in February While Sales Declined
Fewer homes were sold in Maine during February while home prices continued to rise. According to data from the Maine Association of Realtors, 691 homes were sold statewide last month, an 8.84% decrease. Amid the decline in sales activity, home prices surged by 3.47%...
30-Year Fixed-Rate Mortgage Surges to 6.22%
Mortgage rates surged in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of March 19, up from last week when it averaged 6.11%. A year ago at this time, it averaged 6.67%. The 15-year...
Kentucky Home Sales Up in February Despite Drop in New Listings
A total number of 2,938 listings in Kentucky were sold during February, up 8.85% from the prior month and up 3.7% year-over-year. According to data from Kentucky Realtors, there were 4,474 new listings last month, down 11.08% from January and down 1.7% from February...
News & Current Events
February New Home Purchase Mortgage Applications Up by 0.9%
Conventional loans composed 49.4 % of loan applications and FHA loans composed 35.3%. Continue Reading February New Home Purchase Mortgage Applications Up by 0.9%
Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
The branch offers on‑site valet parking, complimentary Wi‑Fi and two ATMs. Continue Reading Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location
Zip Your Flyer Unveils MagicTOURS Listing Video Product
The videos come complete with realistic fireplace motion, cloud movement, water effects, and smooth room panning. Continue Reading Zip Your Flyer Unveils MagicTOURS Listing Video Product
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Exclusive News
Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
WalletHub noted the average household pays $3,119 in real estate property taxes. Continue Reading Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
One in seven homebuyers (14.4%) used FHA loans in December, down from 15.1% one year earlier. Continue Reading Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
Chinese Company Forced to Divest Land Near Utah Military Bases
A Chinese company with ties to the Chinese Communist Party was forced to sell land it owned near two military installations in Utah. The Epoch Times reports Mitime Utah Investment LLC received a letter from the state last November ordering it divest the property, a...
Canadian Housing Starts Down by 15%
Vancouver recorded a 37% increase in actual starts due to higher multi-unit and single-detached starts. Continue Reading Canadian Housing Starts Down by 15%
NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
The hearing will focus only on privately owned housing. Continue Reading NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine
“Before their death, the heroic martyrs must have pictured in their mind’s eye their dear families living in the ever-prospering country,” said Kim Jong-un. Continue Reading North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine
HUD Launches Investigation of Muslim-Only Community Proposed in Texas
Texas Governor Greg Abbott issued a statement supporting HUD’s investigation. Continue Reading HUD Launches Investigation of Muslim-Only Community Proposed in Texas
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Lawsuit Seeks to Stop Trump Takeover of Public Golf Course in Washington, DC
The administration is also accused of violating violated the National Environmental Policy Act by dumping debris from the demolition of the East Wing of the White House onto the golf course. Continue Reading Lawsuit Seeks to Stop Trump Takeover of Public Golf Course in Washington, DC