Mortgage rates continued their upward odyssey for the third week in a row, coming within a hair of the 7% mark. According to the Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last...
Living in the Big Apple is not for the financially faint of heart, as new data from Miller Samuel and Douglas Elliman recorded the average monthly Manhattan rent in July was $5,588, up 9% year-over-year and a new record. Manhattan’s median rent also set a new record...
Three new data reports have reaffirmed the new normal in housing: sales activity remains in decline while home prices continue to rise. The National Association of Realtors (NAR) determined that home price gains occurred in nearly 60% of major metro markets (128 out...
Former New York City Mayor Rudy Guiliani is listing his luxury Manhattan apartment for sale at $6.5 million. The apartment is in a landmarked building designed in 1906 by architects Harde & Short. According to combined media reports, Giuliani purchased the 10th...
A total of 10,090 apartments were created in 2022 by converting other commercial real estate properties into housing, according to a new RentCafe analysis of Yardi Matrix data. Office buildings were the main source of converted apartments last year, with a 33.6% share...
Fannie Mae Gives Unready Lenders Temporary Relief From Nov. 2 UAD 3.6 Manda…
