Florida real estate sellers slashing home prices as inventory surges to uncomfortable levels
Real estate inventory in parts of Florida is surging to uncomfortable levels — and sellers are beginning to slash prices, according to a report. On the west coast of Florida, the number of houses up for sale and the rate…
Mae Architects completes “21st-century almshouse” in Southwark
London studio Mae Architects has created Harriet Hardy House in Southwark, a block of 119 social homes complete with a community centre and cafe. Commissioned by Southwark Council, the housing forms part of the Aylesbury estate redevelopment and is organised…
A new reality of 7% mortgage rates could be setting in, top economist says
Mortgage rates surpassed 7% for the first time all year last week, according to Freddie Mac; daily readings are trending higher, with the average 30-year fixed mortgage rate at 7.39%. It’s a far cry from the historically low mortgage rates…
Mortgage demand drops as interest rates soar over 7%
A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty Images Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand…
Low-income Europeans facing hard times over housing cost struggle
ECB research shows that more than one-fourth of low-income households expect late payments on their mortgages in the coming months. ADVERTISEMENT An increasing number of low-income Europeans are expecting to be late paying key bills over the coming months because…
One At Palm Residential Building / SOMA
Courtesy of SOMA + 14 Share Share Facebook Twitter Mail Pinterest Whatsapp Or https://www.archdaily.com/1015807/one-at-palm-residential-building-soma Courtesy of SOMA Text description provided by the architects. One at Palm will rise at the entrance to Palm Jumeirah, one of Dubai’s artificial archipelagos. It…
Property Transfers April 1-5 | Westport Journal
4C 30 Wilton Road — Photo Borgatta Photography / KMS Team at Compass WESTPORT — During the week of April 1-5, 10 properties traded hands for a total of $20.3 million, generating $50,700 in conveyance tax. One year ago, nine…
Corte Apartment Complex / Hiroyuki Ito Architects
© Masao Nishikawa + 10 Share Share Facebook Twitter Mail Pinterest Whatsapp Or https://www.archdaily.com/1015507/corte-apartment-complex-hiroyuki-ito-architects © Masao Nishikawa Text description provided by the architects. The site is situated between an alley and a shopping street. Despite the presence of low-rise buildings…
Former HGTV star slapped with $10 million fine and jail time for real estate fraud
Back when mortgage rates and home prices were more reasonable and manageable, homeowners invested in fixer-upper properties and made them their own. Now these types of projects aren’t as popular. But in the early-to-mid-2010s, HGTV shows including Fixer Upper, Love It…
Mortgage rates are now at the highest level of the year, and could go even higher
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just…