30 Year Fixed Mortgages Exceed 4%
After 5 weeks of lower rates, weekly mortgages resumed their ascent yesterday, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). 30-Year Fixed-Rate mortgage (FRM): […]
Artificial Intelligence and the Future of Real Estate
Recent advances in technology have affected many facets of the real estate industry, including digitizing documents, automating property management functions and extending consumer access to listing […]
Home Sales Fall, Prices Rise in February
A lower inventory of homes for sale, combined with strong demand for housing and a red hot economy are driving real estate prices through the […]
Mortgage Rates Slightly Lower in March
Mortgage rates continued their downward direction despite a hot real estate market, according to Freddie Mac’s latest Primary Mortgage Market Survey. Some observers have attributed the […]
More Retail Store Closures
U.S. retailers continue to announce store closures, layoffs and even bankruptcy as they continue to struggle with declining sales and profitability. The list of companies […]
Pace of Home Flipping Reaches its Highest Level Since 2006
Home flipping, defined as the practice of buying and selling the same home within a 12-month period, reached its highest level in 10-years according to a […]
Airbnb Turns a Profit, Now Valued at $31 Billion
Airbnb reported an undisclosed profit during Q2 2016 and is now valued at $31 billion, reported CNBC. The online vacation-sharing portal also just raised $1 billion […]
The Best and Worst Cities in America for Renters
Forbes magazine published its list of the best and worst major metropolitan areas for renters in the U.S. Indianapolis has the lowest average apartment rent at $806, or 17% […]
Strong Economy and Hot Job Market Drive Up Mortgage Rates
A strong economy and a hot job market is driving up interest rates, according to Freddie Mac’s latest Primary Mortgage Market Survey. 30-Year Fixed-Rate Mortgage: Averaged […]
Cushman & Wakefield Wins Deal to Manage Pier 1 Stores
Commercial real estate firm Cushman & Wakefield has signed a contract with Pier 1 Imports to manage 1,000 stores with 10 million square feet in […]