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Tag: Interest Rates

Government antitrust lawsuit against rental software company; mortgage rates fall to 15-month low

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Government antitrust lawsuit against rental software company; mortgage rates fall to 15-month low

The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal system that allows landlords to coordinate on rent increases. The lawsuit accuses the company of violating antitrust laws with its algorithm that landlords use to determine recommended rental prices for apartments. Justice Department officials say the […]

More store closures than openings this year

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More store closures than openings this year

2 minutes reading time High vacancy rate at Preakness Shopping Center in Wayne Aerial view of the Preakness Shopping Center in Wayne, NJ, in April 2023. Retailers continue to disappear from the mall on Hamburg Turnpike well into 2024. Amid a slew of retail bankruptcies, retail store closures have outpaced new openings this year for […]

Rent costs in the UK are expected to rise faster than wages

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Rent costs in the UK are expected to rise faster than wages

According to the Resolution Foundation, price inflation in the rental market could mean an average increase of 13 percent over the next three years. (urbazon via Getty Images) The recent rise in new let rental prices in the UK, which have risen by almost a fifth (18%) over the past two years, appears to be […]

Existing home sales rise in July, home prices rise for 13th straight month while mortgage rates fall

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Existing home sales rise in July, home prices rise for 13th straight month while mortgage rates fall

Existing home sales rose in July as homebuyers returned to the market and mortgage rates were at their lowest levels since February. Existing home sales rose 1.3 percent from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said Thursday, halting a four-month decline in sales that began in […]

Fannie Mae economists lower their expectations for home sales in 2024

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Fannie Mae economists lower their expectations for home sales in 2024

Mortgage rates have fallen in recent months, but Fannie Mae Economists said Wednesday that this will not be enough to increase the number of homes sold in the foreseeable future. Fannie Mae’s Economic and Strategic Research (ESR) Group has revised downward its forecasts for home sales in 2024 and 2025, based on a number of […]

Lynd considers $9 capital increase for Miami Gardens Apartments

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Lynd considers capital increase for Miami Gardens Apartments

Multifamily investor Lynd is considering asking its investors in a Miami Gardens apartment complex for additional capital as soaring insurance premiums and other cost increases weigh on the South Florida real estate market. The San Antonio, Texas-based company has warned investors in the 234-unit Parc Place Apartments that it may ask them for $9.1 million […]

Landlords in the New Territories are the big winners of Hong Kong’s gloomy real estate market

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Landlords in the New Territories are the big winners of Hong Kong’s gloomy real estate market

The influx of students and professionals supports Demand for housing in the New Territories, where rents rose to their highest levels in nearly six years, making landlords in the area the big winners amid cracks in Hong Kong’s property market. A 235 square foot studio apartment at Novo Land in Tuen Mun was rented for […]

Landlords in the New Territories are the big winners of Hong Kong’s gloomy real estate market

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Landlords in the New Territories are the big winners of Hong Kong’s gloomy real estate market

The influx of students and professionals supports Demand for housing in the New Territories, where rents rose to their highest levels in nearly six years, making landlords in the area the big winners amid cracks in Hong Kong’s property market. A 235 square foot studio apartment at Novo Land in Tuen Mun was rented for […]

Rent prices in Seattle are cheaper than in July 2023

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Rent prices in Seattle are cheaper than in July 2023

LOS ANGELES — When you’re looking for an apartment to rent in Seattle, don’t be afraid to look at the price. “I think it’s a good sign of where housing affordability is headed in Seattle,” said Daryl Fairweather, chief economist at Redfin. According to Seattle-based real estate brokerage Redfin, the median rent price was lower […]