Deteriorating housing affordability nationwide will put a damper on home buying next year, according to a report from Zillow. Rising rents won’t let up and will continue to set new records, Zillow predicts, as 2016 will bring the least affordable ...Read More »
WASHINGTON — Average long-term U.S. mortgage rates edged lower this week for a third straight week. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage slipped to 3.93 percent from 3.95 percent a week earlier. ...Read More »
— Inspired by his own experience living in a New York City apartment building that was converted into high-priced condos, a 71-year-old former state regulator is taking on developers citywide on behalf of seniors and disabled tenants. Walter Goldsmith claims ...Read More »
Rochester Carpenters Local 276 is undergoing a major renovation, which will result in major improvements to its 22,500-square-foot training center in Rochester. To handle the $2,030,000 project, the union has selected commercial contractor Manning Squires Hennig as its general contractor. ...Read More »
It’s still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from “Cheers” — to live as neighbors. That finding by the real estate brokerage Redfin makes the capital of Massachusetts a ...Read More »
WASHINGTON — Sales of new homes recovered in October after suffering a steep drop in September, returning to this year’s trend of an improving market for real estate developers and builders. The Commerce Department said Wednesday that new-home sales climbed ...
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BATON ROUGE, La. — Residents in five East Baton Rouge Parish neighborhoods voted this month to tax themselves to pay for additional police protection. The Baton Rouge Advocate reported the Nov. 21 vote on the fee, which will cost property owners $50 ...Read More »
Apartment construction plunged sharply in October, as the pace of homebuilding slipped amid a broader cooling of the real estate market. Housing starts — both houses and apartments— fell last month 11 percent to a seasonally adjusted annual rate of ...Read More »
U.S. home rental prices rose at a slower pace in October, a possible sign that apartment costs are testing the upper reaches of renters’ incomes. Real estate data firm Zillow said Friday that median rents increased a seasonally adjusted 4.5 ...Read More »
Crowdfunding may soon expand its presence as a commercial real estate financing source thanks to the U.S. Securities and Exchange Commission. Recently, the SEC adopted final rules implementing Title III of the JOBS (Jumpstart Our Business) Act. Title III allows ...
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