Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year’s low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 to $377,750 […more]
The weekly Freddie Mac survey is a widely followed reference point for the average rate on a 30-year fixed mortgage.
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02 percent, an average rate which is 110 percent higher than at the same time last year, 127 percent above last year’s all-time low, and the […more]
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above. A year ago at this time, rates averaged 2.86%. […more]
If you have always wanted to keep up with the Kardashians, now’s your chance to actually live like a reality TV star.
Key Takeaways: Ignore the negative news—the market is coming back down to earth Homeowners have record equity, and buyers have more inventory This is a great time to make a move in the market, so contact us today! You might hear a lot of doom and gloom news about the housing market lately, but let’s […more]
This is the third part in amNewYork Metro’s series “Still Racing to Deliver,” a follow-up to our five-part series exploring the proliferation of grocery delivery app services in New York City. The success of any delivery business, no matter how large, popular or well funded it is, depends on its fleet… Read More > The […more]
Fanatics CEO Michael Rubin just set an all-time record in Hollywood Hills, paying $70 million for a property once owned by Ronald Reagan.
Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top. WASHINGTON – It’s hard to underestimate the strength of Florida’s current home price increases in the second quarter of 2022 based on the Federal Housing Finance Agency House Price Index […more]
In the News An Oily Challenge: Evict Stinky Old Furnaces in Favor of Heat Pumps [NYT] Construction Worker Fatally Shot at East New York Work Site [amNY] Firefighters Take on Four-Alarm Blaze at Multiple Bushwick Homes [amNY] Gus’s Chop House Opens With Old School Flair in Carroll Gardens [BK Mag] Flooding Toilets Are the New… […more]