Rising bond yields drove mortgage rates higher this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.55% with an average 0.8 points. (A point is a fee paid to a lender equal to 1% of the loan amount. It is additional to the interest rate.) It was 5.13% […more]
When I made the comment that people are soft, it was because I was thinking about the guy who came to the open house and said he would have bought it…..except for the power lines. If he had issues with the house, yard, etc. and the power lines were just one of the objections, then […more]
Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. A mature couple who had been dating and decided to live together found themselves with three homes between them: a house upstate, a rented apartment in Brooklyn (hers), and a nondescript condo (his) on… Read More > The […more]
Photos © 6sqft After a top-to-toe renovation of their 1870s Clinton Hill two-family townhouse that spanned two years (read all about it here), 6sqft writer Michelle Cohen and her husband, Stanley Peck, decided to relegate sprucing up their brownstone backyard to “phase 2.” They’d already added a rear terrace with steps to the yard and […more]
Located in the town of Westerly, the home lovingly referred to as “Sandcastle” sits prominently in the coastal village of Watch Hill.
Volatile mortgage rates jumped back to the mid-5% level this week, slowing down the housing market, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%. The index compiles purchase […more]
The Brighton Jubilee will take over its namesake nabe and thoroughfare this Sunday when it returns for the 45th year of fun for the whole family. The annual street fair is organized each year by the Brighton Neighborhood Association. Its president, Pat Singer, started the event in 1977 to show the… Read More > The […more]
In the News Know Who Else Is a D.J. in Bushwick? Chelsea Manning [NYT] $4 Million Recovered After AG Uncovers Landlord Kickback Scheme [Eagle] Coney Island Co-Names Street In Memory of Charlotte Taylor [BP] Myrtle Avenue Neighbors Pitch in After Vandals Rip Out Plants [BK Reader] New Greenpoint Tattoo Parlor Combines Artistry And Gaming [Greenpointers] […more]
Miami is slated to get almost 20K new apartments this year as multifamily construction cranks up. Also on the top 20 list for newly built units: Orlando and Tampa. NEW YORK – According to RentCafe, U.S. apartment construction is at a 50-year high, and new units debuting this year may offer some relief to tenants struggling […more]
Construction has topped out on The Huron, a pair of 13-story residential towers at 29 Huron Street in Greenpoint, Brooklyn. Designed by Morris Adjmi Architects and developed by Quadrum Global, the structures rise from a multi-story podium and will yield 171 condominium units in studio to four-bedroom layouts and 30,000 square feet of amenities. Ryan Serhant of […more]