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October 10, 2023 / Real Estate News

30-Year Fixed Interest Mortgage Rate Approaches 8%

Mortgage interest rates have once again hit a new high, approaching the highest they have been in 23 years. This...
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September 22, 2023 / Real Estate News

Refinancing Spikes, Despite Interest Rates Remaining High

The second week of September saw a surprising increase in the rate of refinancing, with applications increasing by 13% week...
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September 15, 2023 / Real Estate News

Manhattan Rent Prices Reach “Affordability Threshold”

Rent prices in Manhattan reached an all-time high in July and August, peaking at a median price close to $4,400...
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September 8, 2023 / Real Estate News

High Interest Rates Create “Golden Handcuff” For Current Homeowners

Current homeowners have found themselves struggling to sell their homes thanks to what is known as the “golden handcuff” effect....
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August 30, 2023 / Real Estate News

Climate Change Has Increasing Impact On Housing Market

Increasingly, insurers have joined those showing concern over the effects that climate change is having, and will have, on the...
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August 23, 2023 / Real Estate News

Mortgage Demand Hits Lowest Levels in 28 Years

According to the Mortgage Bankers Association (MBA), total demand for new mortgages dropped by 4.2% in the third week of...
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White Office Building at Dusk
August 16, 2023

Commercial Real Estate Owners Turn to Extensions to Avoid Foreclosure

An increasing number of commercial real estate owners are filing for extensions on their mortgages to avoid foreclosure, according to...
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August 16, 2023 / Commercial Real Estate News

Commercial Real Estate Sales Dropped by Half in Q2 2023

According to recent data from the Mortgage Bankers Association (MBA), the amount of commercial real estate sales dropped by a...
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August 9, 2023 / Real Estate News

Fed Raises Interest Rate by Quarter Point to Combat Inflation

Jerome Powell, Chairman of the Federal Reserve, announced that it would be raising the target federal funds rate by a...
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August 1, 2023 / Real Estate News

Refinancing Demand Increases, But Still Down Year Over Year

Demand for refinancing increased substantially in the second week of July, with applications to refinance a mortgage increasing by 7%...
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