Featured Real Estate News
South Florida Real Estate Gets Increased Inquiries from China
South Florida’s real estate market has attracted a surplus level of attention from China, according to new data from the Miami Association of Realtors. During January, China topped the list of all countries searching MiamiRealtors.com for properties, with four Chinese...
South Florida Real Estate Gets Increased Inquiries from China
“Asia represents the next major growth market for South Florida real estate,” Alfredo Pujol, chairman of the board of the Miami Association of Realtors. Continue Reading South Florida Real Estate Gets Increased Inquiries from China
Mortgage Rates Are Falling Again
Mortgage rates are continuing to drop, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, down from last week when it averaged 6.27%. A year ago at this time, it...
Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
The City Council of Port St. Lucie, Florida, unanimously voted to extend preliminary approval to an operating agreement for a new 6,000-seat professional soccer stadium. Treasure Coast News reports the council’s vote ignored a petition drive by city residents who...
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
A new data report from ATTOM has determined that 46.1% of mortgaged residential properties were equity-rich during the third quarter, down from 47.4% in the second quarter and from 48.3% in the third quarter of 2024. This occurred even though the national median home...
News & Current Events
Pennsylvania Home Sales Up 10% Year-Over-Year
The median home price continued to hold steady at $299,900. Continue Reading Pennsylvania Home Sales Up 10% Year-Over-Year
Leadership Changes Announced at Fannie Mae
Brandon Hamara and John Roscoe were named co-presidents of Fannie Mae. Continue Reading Leadership Changes Announced at Fannie Mae
ENRG Realty Begins Operations in Hawaii
Maui-based Gina Duncan was named the company’s designated broker for Hawaii. Continue Reading ENRG Realty Begins Operations in Hawaii
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Exclusive News
New York State Median Home Prices Up for 13th Straight Month
New listings in September totaled 12,957, up 2.7% from 12,618 one year earlier. Continue Reading New York State Median Home Prices Up for 13th Straight Month
Connecticut Home Sales Drop in Q3 as Prices Rise
The median sale price for the third quarter was $417,500, up 9.1% from one year before. Continue Reading Connecticut Home Sales Drop in Q3 as Prices Rise
Astrid Vermeer Named SVP/CFO at MBA
Vermeer was previously chief financial and administrative officer for the Perkins School for the Blind. Continue Reading Astrid Vermeer Named SVP/CFO at MBA
Existing Home Sales Down by 1% in September
First-time buyers were responsible for 26% of sales in September, matching the all-time low from August 2024 and November 2021. Continue Reading Existing Home Sales Down by 1% in September
Mortgage Applications Down, Forbearance Levels Up
The total number of loans now in forbearance increased to 0.34% as of Sept. 30. Continue Reading Mortgage Applications Down, Forbearance Levels Up
Pennsylvania Home Sales Down Despite Growing Inventory
A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. Continue Reading Pennsylvania Home Sales Down Despite Growing Inventory
Denny’s to Close 150 Restaurants
The closures occur after Denny’s reported its fifth straight quarter of year-over-year declines in same-store sales. Continue Reading Denny’s to Close 150 Restaurants
Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive
Douglas Elliman Board Director Michael Liebowitz has been appointed chairman and CEO. Continue Reading Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive
Thompson Thrift to Develop Arizona Retail Center
Construction is expected to start in the first quarter of 2025, with an opening planned for early 2026. Continue Reading Thompson Thrift to Develop Arizona Retail Center