Category Archives: Real Estate News

(Read more: Easier to get a mortgage? For some …) Mortgage rates, though low, are rising and expected to rise further. The average rate on the 30-year fixed conforming mortgage rose to 4.35 percent this week from 4.16 percent, the … Continue reading →

“New originations will be down, and nonprime borrowers will start to re-emerge,” said Tim Martin of TransUnion, which reported a 23 percent drop in borrowers’ making late payments in the third quarter versus a year earlier. Since the recession began … Continue reading →

Employment is good for housing. No question. But it is just not as simple as that when it comes to today’s unique housing recovery. This recovery needs more construction, more jobs for younger Americans, and more credit. Friday’s October jobs … Continue reading →

First-time buyers are also considered instrumental to a recovery historically, because they create the move-up market, but investors, largely using cash, have replaced them. Negative equity has also kept many potential buyers and sellers on the sidelines, but 2.5 million … Continue reading →

Sales of condominiums and co-ops in the borough were up 30 percent in the third quarter year over year, according to Douglas Elliman Real Estate. That was during the heat of the mayoral campaign. Sales are now at the highest … Continue reading →