United States Real Estate
U.S. mortgage applications fall as home loan rates hit four-year high: MBA
Jessamine rejects zoning request for upscale subdivision near Wilmore | Lexington Herald Leader
Father, son found dead inside New Hampshire mobile home
DEM land deal saves 369 acres of farmland in Exeter
A break for Austin-area apartment renters at last
Colorado governor candidates differ on affordable-housing solutions
Mortgages get more expensive as rates hit near 4-year peak
2018-02-19 01:09:46 The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this year and are now at the highest level in almost four years. That translates into higher mortgage payments and more money paid out over the life of the typical 30-year home loan   Read More ...
Fast-moving fire destroys Massachusetts commercial building
2018-02-18 04:39:43 REVERE, Mass. (AP) — Fire officials say a fast-moving fire has destroyed an appliance and furniture store in Revere. Revere Deputy Fire Chief Glen Rich tells the Boston Globe firefighters arrived around 4:30 p.m. Saturday and found smoke and flames inside the one-story building. Crews from Boston, Cambridge, Chelsea, Lynn, Malden and Saugus battled the fire, along with the Massachusetts Port Authority's fire department   Read More ...
Report: Denver Homes Selling At The Fourth Fastest Rate In The Country
2018-02-17 20:23:03 A new report shows just how hot the housing market is in Denver. Online real estate company, Redfin, shows homes are selling on average 19 days after listing. It’s estimated the median sales price for a home in Denver is a little more than $380,000. That’s up 9.5 percent from a year earlier. The report also shows there were only 2,843 home sales in Denver last month   Read More ...
Eight cities on the verge of a housing bubble — and not one of them is in the U.S
2018-02-17 18:12:52 Before you go calling San Francisco real estate a bubble just waiting to pop, take a look at this ranking of housing markets around the world. UBS’s 2017 Global Real Estate Bubble Index lists the cities whose housing markets are at greatest risk of becoming bubbles that could eventually deflate, or worse. The index scores come from the weighted average of other common subindexes, including changes in the price-to-income ratio and the mortgage-to-GDP ratio   Read More ...
Northwest Plaza lease for county offices called unusual, secretive by county officials
2018-02-17 17:08:32 CLAYTON • On any typical real estate deal that involved buying or renting office space and relocating St. Louis County workers, the county officials who review leases and help design work space would be involved from the onset. But the county’s agreement in July 2016 to rent more than 150,000 square feet at the former Northwest Plaza, a two-decade commitment that will cost taxpayers between $69 million and $77 million, was anything but typical   Read More ...
Commercial real estate recovery extending 3 years but retail retrenching, survey shows
2018-02-17 15:19:33 The San Diego County office market outlook has turned decidedly positive, according to the recently released Allen Matkins UCLA Anderson Forecast. The industrial building outlook has dropped slightly since the June survey but it is still considered positive. But the survey of developers, lenders and various real estate institutions for retail real estate is more pessimistic since Congress approved tax cuts late last year   Read More ...
US Mortgage Rates Climb To A Nearly 4-Year Peak
2018-02-17 12:23:56 Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Matt Yurus reports.   Read More ...
Quicken Loans CEO on housing market concerns
2018-02-17 00:21:52 Jay Farner, Quicken Loans CEO, discusses where he sees the biggest risks to housing as interest rates rise ahead of the spring buying season. Seventy-percent of people reaching out to us are first time homebuyers, says Farner.   Read More ...
In New York, a View of Even a Small Park Adds Value
2018-02-16 15:13:54 Photo An apartment on Central Park has long commanded a premium, but as real estate prices have soared, blocking all but the most affluent from buying a perch there or along one of New York’s other premier greenswards, developers have increasingly sought out sites on smaller, non-marquee parks. An address on Isham Park or Herbert Von King Park may not have quite the same ring as one on Prospect Park or Gramercy Park, but in a market where buyers can become dizzy trying to distinguish one marble-kitchened, white oak-floored condo from another, a view of treetops swaying outside the living room window is a distinctive edge   Read More ...
Mobile home park owner to pay out $280K to residents
2018-02-16 14:52:07 MOSCOW, Idaho (AP) - The owner of a mobile home park in northern Idaho has agreed to pay more than $280,000 to current and former residents after they were left without clean water for months. The Moscow-Pullman Daily News reports a judge on Monday approved the settlement to the lawsuit that was filed four years ago against the Syringa Mobile Home Park   Read More ...
Last year's housing market broke records
2018-02-16 14:42:26 Home prices rose as the number of homes for sale continued to drop — even more so than previous years. Meanwhile, the number sales stayed about the same. Strong job growth, low unemployment and historically low interest rates all contributed to rising prices, said Mark Goldman, finance and real estate lecturer at San Diego State University. "If you look back at 2017, it was a robust year," Goldman said   Read More ...
This Old House Is a Chore
2018-02-16 11:05:52 Owning an old home when you don’t really know what you’re doing means you might bond with fellow homeowners on Facebook groups like Montclair Rehabers: Group Therapy for Old Houses + Clueless Owners. (This really is a group, and I really am a member.) Yes, some people grow up with a sledgehammer in hand, and perhaps those are the ones posting photo brags of their impeccably restored Tudors on more established Facebook groups like Our Old House   Read More ...
Mortgages get more expensive as rates hit near 4-year peak
2018-02-16 02:08:47 The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this year and are now at the highest level in almost four years. That translates into higher mortgage payments and more money paid out over the life of the typical 30-year home loan   Read More ...
Mortgages get more expensive as rates hit near 4-year peak
2018-02-16 02:06:02 The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this year and are now at the highest level in almost four years. That translates into higher mortgage payments and more money paid out over the life of the typical 30-year home loan   Read More ...
Mortgages get more expensive as rates hit near 4-year peak
2018-02-16 01:41:56 The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this year and are now at the highest level in almost four years. That translates into higher mortgage payments and more money paid out over the life of the typical 30-year home loan   Read More ...
Homebuilders shrug off higher mortgage rates, stay optimistic on economic boost from tax cuts
2018-02-16 00:21:37 Tax cuts are still making homebuilders feel better, even as mortgage rates rise to the highest level in more than four years. Builder confidence was unchanged in February from the prior month, remaining at 72 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive sentiment. The index is up from 65 in February 2017 and hit a cyclical high of 74 last December, just as the Republican tax cut plan was being passed   Read More ...
Home loan bias found for minorities in 5 Texas metro areas
2018-02-15 22:10:32 Latinos and African-Americans in five Texas metro areas were more likely to be denied a conventional mortgage loan when compared with non-Hispanic whites, according to a new analysis. The review of millions of federal records by Reveal from The Center for Investigative Reporting found that redlining — the practice of charging more or denying services such as loans and housing based only on reasons related to such things as race, national origin and religion — has persisted in 61 metro areas around the U   Read More ...
Homewood office building evacuated after suspicious white substance found in envelope
2018-02-15 22:02:22 HOMEWOOD, Ala. — A suspicious substance found in an envelope at a Homewood office building sent five people to the hospital Thursday. 5 people taken to local hospitals after they received an envelope with suspicious white powdery substance at their office pic.twitter.com/m9tQ2Otulc. — Marlei Martinez (@MarleiWVTM13) Police told WVTM 13's Marlei Martinez that the white powdery substance was found by workers at a four-story building at 236 Goodwin Crest Drive   Read More ...
UPDATE 2-U.S. 30-year mortgage rates rise near four-year high -Freddie Mac
2018-02-15 20:44:12 (Adds availability of graphics) NEW YORK, Feb 15 (Reuters) - U.S. 30-year mortgage rates climbed to their highest in almost four years in line with U.S. bond yields on worries about rising inflation amid an improving global economy, Freddie Mac said on Thursday. The housing market seems resilient in the face of rising home borrowing costs. Housing demand remains sturdy with rising income, while home supply has been tight due to limited labor and lots to build on, analysts said   Read More ...
Pflugerville Corp. offering $250K for commercial project
2018-02-15 20:39:35 The Pflugerville Community Development Corporation’s first incentives deal for 2018 will provide much needed commercial space to the city and give a boost to the local economy, officials said this week. The Pflugerville City Council on Tuesday approved the deal for commercial real estate developer Live Oak to construct three buildings providing 250,000 square feet of space at the southeast corner of Heatherwilde Boulevard and Texas 45   Read More ...
Mortgage rates climb to their highest levels in nearly four years
2018-02-15 20:39:26 Mortgage rates haven't been this high in nearly four years, just as the spring home-buying season is heating up. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average shot up to 4.38 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4   Read More ...
Investigation reveals discriminatory home loan practices for minorities in San Antonio
2018-02-15 20:11:16 Juan A. Lozano, Associated Press. Updated 11:39 am, Thursday, February 15, 2018 HOUSTON (AP) — Latinos and African-Americans in five Texas metro areas, including San Antonio, were more likely to be denied a conventional mortgage loan when compared to non-Hispanic whites, according to a new analysis. The review of millions of federal records by Reveal from The Center for Investigative Reporting found that redlining — the practice of charging more or denying services such as loans and housing based only on reasons related to such things as race, national origin and religion — has persisted in 61 metro areas around the U   Read More ...
Review: Home loan bias for minorities in 5 Texas metro areas
2018-02-15 20:10:25 Juan A. Lozano, Associated Press. Updated 11:10 am, Thursday, February 15, 2018 HOUSTON (AP) — Latinos and African-Americans in five Texas metro areas, including San Antonio, were more likely to be denied a conventional mortgage loan when compared to non-Hispanic whites, according to a new analysis . The review of millions of federal records by Reveal from The Center for Investigative Reporting found that redlining — the practice of charging more or denying services such as loans and housing based only on reasons related to such things as race, national origin and religion — has persisted in 61 metro areas around the U   Read More ...
Central Texas homes sales, prices set January records
2018-02-15 19:40:53 The Central Texas housing market kicked off 2018 showing continued strength, with home sales and the area’s median sales price both at record highs for the month of January, the Austin Board of Realtors said Thursday. January’s year-over-year increases came despite a housing supply crunch, signaling that 2018 could be another strong one for the local market, the Austin Board of Realtors said   Read More ...
US mortgage rates climb to a nearly 4-year peak
2018-02-15 19:00:47 WASHINGTON | Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014   Read More ...
First came food, then came tech. Now Fulton Market is an office building hotspot.
2018-02-15 18:39:09 The latest wave of office construction transforming Chicago'’s once-gritty Fulton Market district is likely to move closer to reality Thursday as proposals for four big office buildings are considered for zoning approval. Developer Sterling Bay wants to construct office buildings of 19, 20 and 21 stories on Green Street, just west of Halsted Street and the Kennedy Expressway. Just south of that, another Chicago-based developer active in the neighborhood, Shapack Partners, seeks approval to build a 17-story office tower   Read More ...
US mortgage rates climb to a nearly 4-year peak
2018-02-15 17:45:07 WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014   Read More ...
Merritt Properties plans new office tower on Canton waterfront
2018-02-15 17:12:22 Merritt Properties plans to develop a 20-story tower in Canton in coming years, adding to the office and shop space that has sprung up along the waterfront in recent years. The company has built and manages dozens of properties in and around Baltimore, and officials plan to unveil designs for their new upscale brick and glass office building at a city architectural review panel today   Read More ...
Mortgage rates climb to their highest levels in nearly four years
2018-02-15 16:46:39 Mortgage rates haven’t been this high in nearly four years, just as the spring home-buying season is heating up. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average shot up to 4.38 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4   Read More ...
U.S. 30-year mortgage rates rise near 4-year high - Freddie Mac
2018-02-15 16:44:24 NEW YORK, Feb 15 (Reuters) - U.S. 30-year mortgage rates climbed to their highest levels in almost four years in line with U.S. bond yields on worries about rising inflation amid an improving global economy, Freddie Mac said on Thursday. The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.38 percent in the week ended on Feb   Read More ...
US mortgage rates climb to a nearly 4-year peak
2018-02-15 16:39:22 WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014   Read More ...
US mortgage rates climb to a nearly 4-year peak
2018-02-15 16:29:42 WASHINGTON – Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014   Read More ...
Which Cities Have More Renters?
2018-02-15 15:39:33 Between 2006 and 2016, there was a significant increase in the number of renters nationwide. According to an analysis of United States Census Bureau data by the rental listings site RentCafe, by 2016, roughly 23 million additional people were living in rentals — or nearly the same number of people that the country’s overall population rose by in that decade (23   Read More ...
Bidding wars in January: Portland homebuyers pay more than asking price (photos)
2018-02-15 14:07:13 In Portland's heated real estate market, modest homes are entered in bidding wars. Our study of 2016 and 2017 real estate transactions showed that many residential properties were going quickly for more than the asking price. The trend continues in 2018, with many homes selling in days and for more than what the owners hoped for. We continue our series to document bidding wars each month once information is available from the residential real estate company Redfin   Read More ...
8 lenders that aren't serving people of color for home loans
2018-02-15 13:38:21 Across America, a troubling pattern emerges in data analyzed by Reveal from The Center for Investigative Reporting: Nearly two-thirds of mortgage lenders denied home loans for people of color at higher rates than for white people. But among the 6,600 U.S. lenders, some banks stood out for particularly extreme practices. Note: Unless otherwise specified, all figures below rely on publicly available Home Mortgage Disclosure Act data and reflect conventional home purchase lending in 2015 and 2016   Read More ...
Where the most expensive homes sold in the Washington area in 2017
2018-02-15 11:46:34 Washington area’s most expensive homes sold in 2017 From grand estates to luxurious condos, these properties carried a hefty price tag. From grand estates to luxurious condos, these properties carried a hefty price tag. Buy Photo President Trump was good for Washington’s luxury real estate market in 2017. Of the top 10 sales last year, three were purchased by Trump administration officials   Read More ...
Savvy First-Time Buyer Does Her Homework
2018-02-15 11:07:22 Photo Kimberly Lewis arrived in New York in 2004 as a student at the Pratt Institute. Ms. Lewis, who is from New Hampshire, lived in the dorms and after graduation settled into a rental in a mid-rise brick co-op building in Kensington, Brooklyn. Over time, the rent on her alcove studio rose to a reasonable $1,240 a month, allowing her to squirrel away money for a purchase of her own   Read More ...
Home loan bias for minorities in 5 Texas metro areas
2018-02-15 07:42:04 HOUSTON (AP) — A new analysis finds that Latinos and African-Americans in five Texas metro areas, including San Antonio, were more likely to be denied a conventional mortgage loan when compared to non-Hispanic whites. The review of millions of federal records by Reveal from The Center for Investigative Reporting found that redlining has persisted in 61 metro areas around the U   Read More ...
Latinos in Iowa City faced worst US bias in home loans
2018-02-15 07:41:46 IOWA CTY, Iowa (AP) — Latinos seeking conventional home loans in the Iowa City, Iowa, area were nearly four times more likely to be denied than non-Hispanic whites in 2016, the widest disparity in the nation, a new analysis of federal data shows. The findings suggest racial inequality in the mortgage market in the progressive college town and appear driven by a high rate of rejections for prospective Latino borrowers reported by a single financial institution, Hills Bank, according to the analysis of millions of records by Reveal from The Center for Investigative Reporting   Read More ...
Latinos in Iowa City faced worst US bias in home loans
2018-02-15 07:37:40 IOWA CTY, Iowa (AP) — Latinos seeking conventional home loans in the Iowa City, Iowa, area were nearly four times more likely to be denied than non-Hispanic whites in 2016, the widest disparity in the nation, a new analysis of federal data shows. The findings suggest racial inequality in the mortgage market in the progressive college town and appear driven by a high rate of rejections for prospective Latino borrowers reported by a single financial institution, Hills Bank, according to the analysis of millions of records by Reveal from The Center for Investigative Reporting   Read More ...