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London’s luxury housing recovery set to stall for another year
Source: The Business Times --- LONDON’S long-promised luxury housing market rebound is stuck in wait-and-see mode. Real estate broker Savills slashed its 2022 forecast for price increases to 4 per cent from 8 per cent, revising a prediction it made as recently as...
Current Mortgage Interest Rates: August 4, 2022—Mortgage Rates Trend Higher
Source: Forbes --- Today, the average rate on a 30-year fixed mortgage is 5.54%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.80%. On a 30-year jumbo mortgage, the average rate is 5.54%, and the average rate on a 5/1 ARM is 4.16%.
Salt Lake City to Host 2034 Winter Olympics
The Utah capital hosted the event in 2002. Continue Reading Salt Lake City to Host 2034 Winter Olympics
Guest Opinion: The Potential Future of Realtor Associations
Leaders must be vigilant; continuously scanning the horizon for emerging trends and potential disruptions. Continue Reading Guest Opinion: The Potential Future of Realtor Associations
Sales Tumble, Prices Moderate in Florida’s Housing Market
In the second quarter, Florida’s single-family median sales price was $428,000, up 2.4% compared to the same quarter in 2023. Continue Reading Sales Tumble, Prices Moderate in Florida’s Housing Market
New York State Median Home Sales Price Hits Record High
As prices spiked, closed sales tumbled to 8,630 homes, down 17.4% year-over-year. Continue Reading New York State Median Home Sales Price Hits Record High
$7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center
The housing element of the plan could encompass “various unit sizes and includes affordable, market rate and luxury.” Continue Reading $7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center
OUCH! Existing Home Sales Sink to Six-Month Low
The median existing-home price for all housing types in June was $426,900, an all-time high. Continue Reading OUCH! Existing Home Sales Sink to Six-Month Low
Prudent Growth Partners Buys Florida Shopping Center for $8 Million
Built in 2007, the property is located within a retail corridor in Miramar Beach just off Emerald Coast Parkway. Continue Reading Prudent Growth Partners Buys Florida Shopping Center for $8 Million
Housing Purchase Deals Being Canceled at Record Rate
Home prices only rose by a relatively scant 0.2% in June, the smallest month-over-month increase since January 2023. Continue Reading Housing Purchase Deals Being Canceled at Record Rate
Fannie Mae: Home Price Growth to Moderate as Listings Expand
“The housing market continues to wait for affordability to improve, even as the supply of new and existing homes for sale slowly rises,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae: Home Price Growth to Moderate as Listings Expand
Pretium Raises $1.5 Billion with Sixth Single-Family Housing Fund
Since 2020, Pretium has invested more than $2.62 billion toward new build-to-rent construction. Continue Reading Pretium Raises $1.5 Billion with Sixth Single-Family Housing Fund
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Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
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- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
