While mortgage loan application volumes in the U.S. dropped another 6.8 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, the decrease was driven by a 15 percent drop in refinancing activity, which was down 60 percent on a year-over-year basis, according to data from the Mortgage Bankers […more]
As rents escalate across the country, housing advocates are right to be concerned about the growing challenge of low-income families finding an affordable place to live. But our national housing policy cannot just be about housing units. Ultimately, it must be about the residents themselves. That is why we believe that the recent introduction by […more]
Photo credit: Evan Joseph Photography The top-floor “penthouse” loft condominium atop a classic Noho building at 298 Elizabeth Street is the embodiment of old-school downtown Manhattan living (though its $2,700,000 price tag is strictly new New York). On a picture-perfect tree-lined street, surrounded by, well, everything, this 1,400-square-foot home has the additional perk of a huge private roof deck […more]
Hundreds of people line up in South L.A. after an erroneous rumor of housing vouchers, putting an emotional Rep. Maxine Waters on the defensive.
An 1893 house outside New Orleans, a two-bedroom bungalow in Tujunga and an Edwardian home in Cincinnati.
Coney Island’s iconic Luna Park is set to reopen its gates to revelers this weekend. The park said on social media that it will commence its summer 2022 season on Saturday, April 2, at 11 a.m., with a ceremonial christening of the Cyclone with an egg cream. Ninety-five lucky guests will… Read More > The […more]
In the News Entrepreneurship Is Alive in NYC Public Housing. Will the City Step Up? [NYT] The Next Level in Sustainability: Nature Restoration [NYT] MTA Eyes Next Batch of Subway Signal Upgrades in Brooklyn [amNY] Pols, Riders, Advocates Rally Over Changes to R Train Service [BK Reader] Brooklyn Hospital Center Gets $9.2 Million for… Read […more]
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was […more]
Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the Mortgage Bankers Association‘s latest survey. Few borrowers these days have an incentive to refinance their mortgage. According to the MBA, refi applications fell 15% from the prior week and 60% from a […more]
This vintage row house at 566 W. Arlington in East Lincoln Park came on the market in March 2022. Built in 1895, the listing says it was designed by Chicago architect Henry Ives Cobb and is the middle of the “Three Sisters” row homes on the street. It is on a 16.58 x 90 lot. […more]