Real Estate Blog
U.S. mortgage rates continue to fluctuate
The 30-year fixed mortgage rate averaged 5.30% for the week ending July 28 — down from 5.54% last week.
Here are the 11 local projects competing for ‘transformational’ state tax credits
About a dozen Central Ohio developers have applied for the state's new transformational mixed-use development tax credits, many of them for a second time.
‘Robinhood of real estate’ goes live, selling $1 shares in German Village Airbnb
“These are properties that generate income. It’s one of the least accessible ways to create wealth. … The solution is to give the options to everyday people.”
Why developers are investing more than $40M in Schenectady neighborhood
The conversion of a former school building into 51 apartments is the latest of several investments aiming to lift a neighborhood at the center of Schenectady.
Voorhees mansion once owned by ex-Phillies outfielder with underground tunnel, DJ booth lists for $2.495M
Once owned by an ex-Philadelphia Phillies outfielder, the 15,500-square-foot mansion includes six bedrooms, 12 baths and a movie theater.
Domain Central 1 tower may spark new wave of redevelopment at North Austin community
Plans for the next big phase of development at The Domain are taking shape. It could result in even more high-rises towering over busy shops and eateries. Domain Central spans more than five acres and could support around 3 million square feet of new space at the North Austin mixed-use district.
Heller files proposal for revamped Tribute project in Midtown
Heller Pacific's long-planned Tribute building in Midtown Sacramento has returned with a revised proposal submitted to the city.
The most expensive homes sold in Jefferson County (July 8-15)
Here's our latest roundup of luxury homes selling in Louisville.
Metro Denver in top half of vulnerable housing markets, study finds
Metro Denver’s housing market is among those more vulnerable during an economic downturn, but it doesn’t rank among the frothiest markets in the country, according to an analysis by Seattle-based brokerage firm Redfin.
With interest rates up, home sales down, and the home price gains peaking, Redfin examined a variety of measures to assign a “risk” score to major U.S. metro areas.
“Recession fears are escalating, mostly because the Fed has signaled it will continue to raise interest rates to tame inflation and cool consumer demand. Higher interest rates led to surging mortgage rates, which have already cooled down the housing market,” said Redfin Senior Economist Sheharyar Bokhari, in a release accompanying the study.
If the country does enter a recession, assuming it is not already in one, a housing market crash like the kind seen in the Great Recession is unlikely, Bokhari predicted. But that doesn’t mean some areas won’t be hit harder than others or that home prices won’t start f..
Tech giants expanded to the Eastside because of physical space constraints. That’s no longer an issue.
The Eastside is experiencing a contradicting combination of expanding tech headcounts, an economic downturn and the biggest companies rethinking office space.