Mortgage Application Payments Increased Nearly 30% Last Week as Rates Fall
The refinance share of mortgage activity increased to 59.8% of total applications from 48.8% the previous week.
While the program is well-intentioned, the economics remain challenging.
The sale represents the largest single-asset apartment community sale in Greenwich, CT history since Putnam Green in 2006.
At the metro level, seven of the 50 largest U.S. markets were in buyer’s market territory in June with six months or more of supply: Miami, Austin, Orlando, New York, Jacksonville, Tampa, and Riverside, CA.
CILA represents thousands of professionals from: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, El Salvador, Mexico, Panama, Paraguay, Peru, Uruguay and beyond.
Orange County purchased the property in 2007 for $8.5 million. Since then, several private redevelopment proposals failed to secure necessary approvals…
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
The new “Allied Health and Natural Sciences Life Sciences Center” will feature modern instructional labs, lab support areas, faculty offices, general classrooms, student spaces, and campus services.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
This incentive has long been a vital program support. By offsetting potential vacancy costs while applications are pending it makes landlords more willing to participate in CityFHEPS.
The New York metro region ranked No. 2 in terms of total value of homes with severe or extreme flood risk at $295.3 billion. Miami came in first place with $306.8 billion facing severe or extreme flood risk.
Options 1A and 1B, which would have retained a traffic diversion structure and provided post-construction access to it for local-road vehicles or buses, have been dismissed from further consideration based on feedback from the local community.
Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.