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 […]
Higher Rates Cause a 9% Plunge in Mortgage Applications
Weekly mortgage applications dropped by 9.2% from the previous week, reported the Mortgage Bankers Association. The drop comes against a backdrop of mortgage rates, which […]
Airbnb Faces Tougher Restrictions in San Francisco
Airbnb is facing two setbacks to its business in its hometown of San Francisco, reported the Verge. On one hand, the city’s Board of Supervisors […]
Higher Vacancies & Rising Rates Driving Commercial Real Estate Defaults
A perfect storm of rising borrowing costs, higher vacancies and slower sales is resulting in greater default rates in the $11 trillion commercial real estate […]
UPDATE: Average 30-Year Fixed Mortgage Hits 4%
CNBC is reporting that the rate on an average 30-fixed mortgage has hit 4% today against a backdrop of heavy selling in the U.S. bond […]