Continues Upward Trajectory Based on Strong Third-Quarter Sales in City CHICAGO/PRNewswire/ -- Powered by strong sales of both detached and attached homes in the City of Chicago, sales of $1-million-plus homes in the seven-county Chicago area rose +6.6% during the third quarter to 790 units, up from 741 units in the same period last year, according
Vacant Home Rate Down from 1.58 Percent in Q3 2017; 10,000 Vacant "Zombie" Foreclosures Down From More Than 44,000 in 2013 IRVINE, Calif., Oct. 30, 2018 /PRNewswire/ -- ATTOM Data Solutions, curator of the nation's premier property database, today released its 2018 Vacant Property and Zombie Foreclosure Report, which shows that nearly 1.5 million
NEW YORK, Oct. 30, 2018 /PRNewswire/ -- S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for August 2018 shows that home prices continued their rise across the country over the last 12 months. More than 27 years of history for these
WASHINGTON, Oct. 30, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced the winning bidder for its fourteenth Community Impact Pool of non-performing loans. The transaction is expected to close on December 18, 2018, and includes approximately 66 loans totaling $22.9 million in unpaid principal balance (UPB); the loans are geographically focused in the New York City area. The winning
WASHINGTON, Oct. 29, 2018 /PRNewswire/ -- Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home....
CINCINNATI, Oct. 29, 2018 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the third quarter ended September 30, 2018. The FHLB expects to file its third quarter 2018 Form 10-Q with the Securities and Exchange Commission on or about November 8, 2018. The FHLB is a AA+ rated wholesale cooperative bank
MRC Provides Bridge Loan to Refinance Existing Debt on Property NEW YORK, Oct. 29, 2018 /PRNewswire/ -- Madison Realty Capital (MRC) has closed a $27.7 million first mortgage loan collateralized by a residential condominium unit located at 15 Central Park West in the Lincoln Square section of Manhattan. MRC provided the bridge loan to refinance existing
BISMARCK, N.D., Oct. 29, 2018 /PRNewswire/ -- Highlights Net income in the third quarter of 2018 was $1.1 million compared to $2.1 million in the third quarter of 2017, primarily reflecting higher non-interest income a year ago Net income in the first nine months of 2018 increased by $1.1 million, or 23.3%, to $5.6 million, or $1.58 per diluted share, compared to $4.6 million,
SOFR Transaction Attracts Broad Investor Demand WASHINGTON, DC – Fannie Mae priced its second issuance of Secured Overnight Financing Rate (SOFR) securities, issuing $2 billion of 6-month, $1.5 billion of 12-month, and $1.5 billion of 18-month floating-rate corporate debt. Building on its first SOFR issuance in July 2018, Fannie Mae leads the market in
WASHINGTON, D.C. - Strong market conditions helped fuel a 6 percent increase in multifamily lending in 2017, as lenders provided a record high $285 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association's (MBA) annual report on the multifamily lending market. "The multifamily lending
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today charged Chad David Ables, the owner of a mobile home park in Lexington, TN, with discrimination for allegedly pressuring two female tenants, a same-sex couple, to perform sexual favors for him instead of paying rent. Read HUD’s Charge. The
WASHINGTON, Oct. 25, 2018 /PRNewswire/ -- Pending home sales rose slightly in September and saw substantial increases in both the West and Midwest, according to the National Association of Realtors®. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August. However, year-over-year, contract signings
The biggest discount for living on Elm Street is in Youngstown, Ohio, where homes on Elm Street are worth 83 percent less than other homes in the city SEATTLE, Oct. 25, 2018 /PRNewswire/ -- Home buyers can find a deal on Elm Streets across the U.S., where the typical home is worth $133,000. Nationally, the
Sales prices in Manhattan fell nearly 2 percent as the market continues to slow across the city, according to the Q3 2018 StreetEasy Market Reports NEW YORK, Oct. 25, 2018 /PRNewswire/ -- As summer came to a close, dynamics in the NYC real estate market continued to pivot in buyer's favor, particularly in Manhattan. The StreetEasy Manhattan
Annual Home Price Appreciation (HPA) Slows in 49 Percent of Local Markets; San Jose, Boise, Las Vegas Among Markets Bucking National Trend with Accelerating HPA IRVINE, Calif., Oct. 25, 2018 /PRNewswire/ -- ATTOM Data Solutions, curator of the nation's premier property database, today released its Q3 2018 U.S. Home Sales Report, which
WASHINGTON, Oct. 24, 2018 /PRNewswire/ -- More than 20,000 Realtors®, industry experts and guests will be in Bostonfrom November 2-5 at the 2018 REALTORS® Conference & Expo, themed "Ready, Set, Boston!" WHAT: 2018 REALTORS® Conference & Expo WHEN: November 2-5, 2018 WHERE: Boston Convention and Exhibition Center, Chicago REGISTER: Contact Jane Dollinger, 202-383-1042 or jdollinger@realtors.org Onsite press registration opens Thursday, Nov. 1 at 8 a.m. in Boston
COLUMBUS, Ohio, Oct. 24, 2018 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2018. 2018 Third Quarter Highlights: New contracts increased 6% to a third quarter record 1,302 contracts Backlog sales value increased 25% to a third quarter record of $1.1 billion, and backlog units increased 20% to 2,846
CHICAGO, Oct. 24, 2018 /PRNewswire/ -- MortgageHippo, the leading borrower-centric digital lending platform, announced today its complete integration with Fannie Mae's Desktop Underwriter® (DU®) system. This integration will ensure an even smoother and more efficient mortgage process, saving lenders time and increasing efficiencies with respect to underwriting. Fannie Mae is a leader in the secondary mortgage
The award-winning residential real estate investment company continues to disrupt the residential real estate market with the success of its direct, results-driven business model CHANTILLY, Va., Oct. 23, 2018 /PRNewswire/ -- House Buyers of America (House Buyers) announces today that its settlements increased by 85% and revenues by 73% between the second and third quarters
September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012 SEATTLE, Oct. 19, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- U.S. home-sale prices increased just 2.1 percent in September compared to a year ago, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The median home-sale price was $292,000 across the 171 metros tracked in
