Real Estate News
The government-owned enterprises that back mortgages are a hot topic and risky venture for taxpayers, but they're also a big U.S. Treasury money-maker right now.
Consumers want low prices and fast delivery, so some brick-and-mortar lenders, such as Walmart, are now focusing on sales that don't involve physical property.
Members of the Florida Legislature and Gov. Scott have different goals for the two state-funded groups that promote business and tourism in the state.
Real estate QandA: A boyfriend sleeps in a woman's condo "frequently," and a board member says she must pay a fee for a tenant approval application. Is that right?
An Oct. court order restricting the CFPB, which oversees lending and RESPA, has been postponed and could conceivably be cancelled after a federal appeals court agreed to reconsider a previous ruling that found CFPB's operational structure unconst
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Orange County, New York City, South Florida, Los Angeles, Chicago, Salt Lake City, Dallas / Ft. Worth, Sacramento, Washington DC and Charlotte.
Savills Studley Acquires Cresa Orange County
Sharf, Murphy to Co-Lead Combined Tenant Rep Office in SoCalBy...
CBRE has acquired boutique commercial real estate finance and consulting firm Capstone Financial. Terms of the sale were not disclosed.
Based in Clayton, MO, just outside St. Louis, Capstone Financial is a full-service commercial real estate finance company specializing in retail, multi-family, office, self-storage, hospitality, owner-occupied, industrial, manufactured home community, ground-up development, and mixed use properties nationwide...
Duke Realty broke ground on its first building in the Tampa Regional Industrial Park (TRIP), a master-planned business park that will feature approximately 1.1 million square feet when built out.
The subject property at 13124 US Hwy-41 S in Gibsonton, FL will feature 337,447 square feet of warehouse space equipped with 64 dock doors, T5-HO fluorescent lighting, ESFR sprinkler system, 4,000-amp heavy power, 101 trailer storage stalls and 264 parking...
Pride Enterprises purchased the 34-room Sands of Treasure Island hotel at 11800 Gulf Blvd. in Treasure Island, FL from Dowling Hotels, Inc. for $5.25 million, or about $154,000 per room.
Totaling 22,598 square feet, it was constructed in 1947 in the South Pinellas submarket. The motel will be extensively renovated. The transaction included an ancillary parking lot at 1st Street.
Gardner Cole of Century 21 Jim White & Associates represented...
Gries Investments, Inc. has secured new construction financing for its proposed 300-unit Cortona South Tampa multifamily development at 5145 S. Dale Mabry Hwy in Tampa, FL.
Robert Hernandez, senior vice president and managing director of NorthMarq Capital, arranged the $31.52 million financing package on behalf of the borrower. A regional bank provided the three-year loan with interest-only for the primary term on a 25-year amortization schedule...
In a sign of more homes to come, builders secured an increase in building permits to construct new houses. Which region is slated to see the biggest spike?
The post Where in the U.S. Are the Most New Homes Being Constructed? appeared first on Real Estate News & Advice | realtor.com®.
The number of homes for sale fell to the lowest level in nearly two decades in the fourth quarter, lifting prices and raising concerns that young buyers are being shut out of the market.
The post Housing Shortage Fuels Price Gains appeared first on Real Estate News & Advice | realtor.com®.
Citigroup Inc. on Monday said it would exit the mortgage-servicing business, turning its focus to mortgage originations.
The post Citigroup Exiting Business of Servicing Mortgages appeared first on Real Estate News & Advice | realtor.com®.
Sales of newly built homes were up in 2016, but they slowed in December, says a new report. Where are builders expected to erect the most affordable homes?
The post New-Home Sales Surged in 2016, but Slowed in December appeared first on Real Estate News & Advice | realtor.com®.
Low interest rates and an improved economy drove more home buyers into the market last year, resulting in the highest number of home sales since 2006.
The post It’s Official: 2016 Was The Best Year for Existing Home Sales in a Decade appeared first on Real Estate News & Advice | realtor.com®.
Every December there’s a market phenomenon that sends interest rates higher by about 0.25% across the board. It's called the Santa Bubble.
The post The Santa Bubble: Why Mortgage Rates Are Up Right Now appeared first on Real Estate News & Advice | realtor.com®.
Jonathan Smoke, our chief economist, gives his best guess on how high mortgage rates will go in the next two years—and how that will affect payments.
The post Just How High Might Mortgage Rates Go? appeared first on Real Estate News & Advice | realtor.com®.
Mortgage rates crested 4% for the first time this year, but don't panic. There's not going to be a drastic jump any time soon.
The post 4% Mortgage Rates Are Here—Are You Late to the Party? appeared first on Real Estate News & Advice | realtor.com®.
Despite the widespread belief that mortgage rates will go up this year, they dipped slightly this week, benefiting buyers in the busy spring market.
The post As Mortgage Rates Dip Slightly, Waiting for Other Shoe to Drop appeared first on Real Estate News & Advice | realtor.com®.
In the mortgage rate update for this week, rates hovered near last week's low averages, with a 30-year fixed-rate at 3.67%.
The post No Economic News Is Good News for Mortgage Rates, Which Remain Low appeared first on Real Estate News & Advice | realtor.com®.