Investors’ condo purchasing has dropped to one of its lowest levels in the past 10 years — in a shift driven largely by their retreat from Florida, a new study shows. The analysis, conducted by real estate brokerage firm Redfin, examined county-level home purchase records across 39 of the most populous U.S. metropolitan areas dating
The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, from the Federal
By MATT OTT, AP Business Writer WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. fell this week for the first time in a month, but borrowing costs for homebuyers remain elevated. The long-term rate dipped to 6.85% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago,
article FILE-A home is listed for sale in Palo Alto, CA, U.S. (Michael Short/Bloomberg via Getty Images) Mortgage rates are still stable after making a slight uptick despite unpredictability in the housing industry. Freddie Mac reported in its Primary Mortgage Market Survey that the 30-year fixed-rate mortgage (FRM) increased this week to its highest level
Dubai, UAE: In 2025, buying property in Dubai with cryptocurrency is no longer just a novelty – it’s becoming a serious alternative to traditional real estate transactions. With the UAE’s proactive approach to blockchain and digital asset regulation, Dubai is now one of the few cities in the world where cryptocurrency can be used to
A Brooklyn couple ready to tie the knot in June are approaching their wedding registry with an unconventional option for friends and family. “Since we’re having a destination wedding, minimizing physical gifts makes things simpler, and not everyone feels drawn to contribute to a honeymoon,” says Eliza Palasz. Palasz and her fiancé, Patrick Rooney, have planned a
Mortgage rates climbed for the second week in a row, denting home affordability in the middle of homebuying season. The average rate on the 30-year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of
ATLANTA — The Georgia Department of Community Affairs announced they’d awarded nearly $14 million to programs across the state to fund more affordable housing. According to DCA, the grants were given to 15 local communities around Georgia as part of the 2025 Community HOME Investment Program, or CHIP. Funding comes from the U.S. Department of
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. In the past few months, many international investors have grown more wary of properties in the U.S. However, many of them still plan to grow their holdings in the country, and their multifamily
Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages