The 6,000-square-foot unit was acquired in 2020 by a Delaware-based LLC for $54 million. The post Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M appeared first on Weekly Real Estate News.
The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis during the week ended May 19 and was 5 percent […]
The Federal Reserve‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market […]
President Biden and House Speaker Kevin McCarthy, Republican of California, have locked horns over the $31.4 trillion debt ceiling. If Congress refuses to raise it, it could force the government to shut down and risk default […]
The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest level since early March. Rates have been rising on a combination of […]
ORLANDO, Florida, May 23 (Reuters) – A key market-based measure of U.S. inflation expectations is back at 2%, suggesting bond investors, at least, are confident the Federal Reserve’s 500 basis points of interest rate hikes […]
(Reuters) – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock […]
This is the first installment of Priced Out, a three-part series looking at housing affordability challenges facing young people in Canada. Paddy Treacy calls himself and his fiance “dinks,” short for “dual income, no kids.” […]
Homebuilders, whose sentiment hit the midpoint mark of 50 earlier this month for the first-time since July 2022, have yet another reason to celebrate. The sales pace of new homes has also increased for the […]
The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group, also sees in the upper […]
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