Is there a more quintessential Brooklyn neighborhood than Park Slope? The brownstone-lined streets, the residential vibe. And of course, easy access to the borough’s crown jewel, Prospect Park. It’s no wonder prices run high in this highly desirable area. But our Rental of the Week is hidden gem: This Park Slope 2BR offers a bit […more]
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Sales of newly built homes in December occurred at a seasonally-adjusted rate of 842,000 – up 1.6% over the revised November rate of 829,000, according to the Census Bureau’s report on Wednesday. Even with inventory at record-low numbers, that’s still 15.2% higher than the same period last year. The median sales price of new houses […more]
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The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac’s Primary Mortgage Market Survey. This is the second week mortgage rates have ticked downwards since Jan. 14’s sudden jump. The 15-year fixed mortgage rate also shifted downward to 2.2 from 2.21 the week prior. With […more]
As COVID-19 cases continue to rise, borrowers are facing new financial risks. According to Black Knight, as of late November, 2.73 million homeowners were still in a forbearance plan, down from the May 2020 peak of 4.7 million. Even though the forbearance numbers continue to fall, homeowners are showing signs of distress. As a result, […more]
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