Real Estate News & Insights
Proposal to Phase Out Property Taxes Advances in Florida Legislature
Rep. Monique Miller, who sponsored the proposal, said local officials need to begin “to live within their means” and consider sharing services with other localities. Continue Reading Proposal to Phase Out Property Taxes Advances in Florida Legislature
Kim Harris Campbell Named CEO at Century 21 New Millennium
Founder, co-owner and former CEO Todd Hetherington assumed the role of chairman. Continue Reading Kim Harris Campbell Named CEO at Century 21 New Millennium
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Pallotta previously ran for New Jersey’s 5th Congressional District in 2020 and 2022. Continue Reading Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year
Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Located on a 60-acre site, the 784,372-square-foot Champlain Place hosts over 150 stores. Continue Reading Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
The hotel last changed hands in 2014 when it was acquired by an affiliate of Lowe’s Enterprises for $20.4 million. Continue Reading Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
Texas Woman Sentenced for Defrauding Real Estate Investors
Mueting was free on a $50,000 unsecured bond while awaiting sentencing. Continue Reading Texas Woman Sentenced for Defrauding Real Estate Investors
