Realtor: Fed interest rate cut gives home buyers freedom of choice
The Federal Reserve cut its benchmark interest rate by 50 basis points and its chairman Jerome Powell said the central bank expects the real estate market to normalize as well as interest rates to normalize. Compass Real Estate brokers Tom…
Lower mortgage rates are coming
So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need…
Judge approves sale of Brith Sholom apartment complex
Hundreds of tenants will have a new landlord after a judge approved the sale of the Brith Sholom apartment complex in Wynnefield. Judge Anne Marie Coyle allowed the Philadelphia Housing Authority to buy the property from New World Commercial Credit…
Existing home sales increase slightly, but prices continue to rise
The Good Brigade/Getty Images; Illustration by Austin Courregé/Bankrate Key findings According to the National Association of Realtors, existing home sales rose 1.3 percent in July 2024 from the previous month, ending four consecutive months of declines. The national median sales…
July home sales end 4-month losing streak, supply rises nearly 20%
On August 7, 2024, a sign stands in front of a house for sale in San Rafael, California. Justin Sullivan | According to the National Association of Realtors, resale home sales rose 1.3 percent in July from June to a…
RBC survey finds buying a home is more important to Canadian teens than planning a wedding – National
Canadian teens are prioritizing entering the real estate market over other traditional markers of adulthood, such as marriage, according to a survey released Wednesday by RBC. The results show that owning a home remains a dream, although affordability of this…
Company acquires property near ballpark, sees potential in low housing supply and increasing demand
The ALX building on 14th Street in the East Village. Image credit: Screenshot, Google Street View Virtú Investments, a multifamily real estate investment firm, has acquired ALX, a 313-unit building in the East Village. The acquisition of ALX at 300…
