Fears of Rising Rates, Drive Mortgage Applications Up by 5.5%
Weekly mortgage applications rose 5.5% on a seasonally adjusted basis, as homebuyers rushed to lock-in rates, which spiked after the U.S. presidential election, reported CNBC. Buyers […]
CBRE Global Investors Buys $1.5 Billion Stake in W. Coast Retail Portfolio
CBRE Global Investors, an independently operated affiliate of CBRE Group, Inc., acquired a 45% stake in a $1.5 billion retail portfolio from San Francisco-based Merlone Geier […]
More Office Building Owners are Converting their Properties to Warehouses
The rise of e-commerce is driving demand for warehouses and industrial space, prompting some owners of commercial office buildings to convert their properties to ones of an […]
Almost 1 Million New Homes Needed to Ease Housing Crunch in 10 Metro Areas
Realtor.com’s chief economist, Jonathan Smoke, explains that job growth has dramatically increased demand for housing in several metro areas, while supply has been stifled by […]
U.S. Hotel Occupancy Reaches 65.3%, Average Daily Rate is $122.70
Hotel News Resource is out with the hotel industry’s performance metrics for the week of November 6-12, 2016. In general, most metrics were higher than […]
Five Real Estate Trends Expected in 2017 – MarketWatch
MarketWatch published a list of 5 real estate trends expected to take shape in 2017. Use of Drones: Increasingly, drones will be used by sellers […]
Wells Fargo to Pay $50 Million to Settle Claims of Appraisal Overcharges
Wells Fargo bank agreed to settle a class-action lawsuit, claiming that it routinely overcharged about 250,000 of its customers for real estate appraisals, reported the New […]
Nine Special Loan Programs for First-Time Home Buyers
Bank Rate released a list of 9 unique loan and grant programs for first-time home buyers: Low-Down Payment FHA Loans: Operated by the Federal Housing […]
Best Places for First-Time Home Buyers
Smart Assets published a list of the best places in America for first-time home buyers. The site ranked every U.S. city with a population of […]
Housing Starts Jump to a 9-Year High in October, Growing 25.5%
The U.S. Commerce Department said monthly housing starts jumped 25.5% to 1.323 million units in October, a 9-year high. Most economists had forecasted a much […]