U.S. Housing Market
Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Report: Cash-Out Refinances Fuels Most Refinancing Activity
The report also found tappable equity hit another record high during the second quarter. Continue Reading Report: Cash-Out Refinances Fuels Most Refinancing Activity
Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
The three-story, Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901. Continue Reading Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
Hits and Misses for the Real Estate Week of Aug. 4-8
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. Continue Reading Hits and Misses for the Real Estate Week of Aug. 4-8
MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
“The VA needs to provide a detailed plan on how servicers will be reimbursed for advancing payments on behalf of borrowers,” he said. Continue Reading MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
UMH Properties and Nuveen Real Estate in Manufactured Housing Joint Venture
UMH will have the right to purchase the community from the joint venture after a certain period of time. Continue Reading UMH Properties and Nuveen Real Estate in Manufactured Housing Joint Venture
Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets
Prior to joining FCM, he was senior vice president of secondary markets at CMG Financial. Continue Reading Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets
Monthly Mortgage Payment Average Continues to Decline
Redfin attributed this decline to the continued downturn in mortgage rates from its high of 7.79% in October. Continue Reading Monthly Mortgage Payment Average Continues to Decline
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Two offers were made on the property since it was listed last July. Continue Reading Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Mortgage Rates Down for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. Continue Reading Mortgage Rates Down for Fifth Straight Week
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Zillow predicts the cost of home buying to “level off next year, with the possibility of costs falling if mortgage rates do.” Continue Reading Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Ground Breaking on New DC-Area Apartment Complex
The first units are projected to deliver in the fourth quarter of 2025, with final completion in early 2026. Continue Reading Ground Breaking on New DC-Area Apartment Complex
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
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