Just over 77% of existing mortgages in California are below 4.2%, according to new research from the Federal Housing Finance Agency. Meanwhile, the average 30-year fixed mortgage rate recently climbed to 7.17%. Jessica Christian/The Chronicle If you’re in California, there’s a strong chance you might be — one of the fortunate holders of a 3% mortgage
San Francisco, California–(Newsfile Corp. – April 26, 2024) – Cohome, a leading platform in the real estate sector, is revolutionizing the industry with the introduction of a fractional ownership marketplace. This new offering is designed to democratize real estate investment, making investment home ownership accessible to a broader audience of retail investors and an effective
In 2023, the real estate sector showed resilience amid changing trends. Global economic recovery drove up demand for residential properties in India, thanks to low interest rates and a preference for smart living and luxurious ownerships. With India’s status as one of the world’s fastest-growing economies propelled by private spending and capital buildup, the real
Open this photo in gallery: A property manager who transferred $500,000 in condominium reserve funds to an alleged cryptocurrency investment company known as Pink Piggy Investment Group Inc. has had his license to manage condominiums in Ontario revoked. While the ruling provides a strong signal about the financial and legal accountability required to manage a
Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
Mortgage rates topped 7% this past week for the first time in 2024, according to Freddie Mac . The increase comes at a pivotal time for the U.S. housing market, which saw existing-home sales hit a near-30-year low in 2023 as costs rose. Higher rates could reduce buyer demand, slow price growth, further crimp sales,
HGTV stars Jonathan and Drew Scott, also known as the Property Brothers, offered some advice recently on real estate investing in an era of high rates—especially what not to do. During a wide-ranging CNBC interview on Wednesday, they sounded off on property flipping, high borrowing costs, the worst mistakes that aspiring investors make, the housing
F&C Commercial Property Trust Ltd (LON:FCPT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.20 ($1.51) and traded as high as GBX 121.80 ($1.52). F&C Commercial Property Trust shares last traded at GBX 121.20 ($1.51), with a
New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report) shares fell 0.1% during trading on Wednesday . The stock traded as low as $22.80 and last traded at $22.83. 39,808 shares were traded during mid-day trading, an increase of 177% from the average session volume of 14,356 shares. The stock had previously closed at
The real estate sector (XLRE) has been underperforming as uncertainty surrounding potential Federal Reserve interest rate cuts weighs heavily on the industry. To provide insight into the current state of the US housing market, Fundrise CEO and Co-Founder Ben Miller and CenterSquare Senior Investment Strategist Uma Moriarity join Market Domination. Moriarity notes that shelter inflation