News

Robert De Niro Renting $125K Per Month NYC Apartment

Robert De Niro is the current tenant of one of New York City’s most expensive apartments. The abode, which takes up an entire floor at 15 Central Park West, rents for an astounding $125,000 per month. According to Page Six,

Millennials Finally Moving Out of Their Parents’ Homes – and Renting

Millennials began moving in with their parents in record numbers in recent years as the economy remained unsteady and the job market bleak. But now, as the country has begun to recover, and unemployment rates have decreased, America’s young professionals

Potential Buyers Shying Away from Homeownership Due to Lack of Understanding

A recent Wells Fargo survey has uncovered an unfortunate truth in the real estate world. According to the findings, which the mortgage giant compiled in June, many potential buyers are hesitant to get the ball rolling on homeownership because they

Mortgage Rates Back to 4.25 Percent

As of Friday afternoon, mortgage rates had gone 10 days without decreasing and are now back up to 4.25 percent. On some days during the span the rate increased, and others it stayed the same. “Momentum has been negative for several

Mortgage Applications at 14-Year Low

In the week ending September 5, the number of mortgage applications filed in the U.S. was the lowest it has been since December 2000. According to the Mortgage Bankers Association, its Market Composite Index showed a decrease of 7.2 percent

NYC Real Estate: Manhattan Too Expensive, Brooklyn and Queens Get Hot

The rental market in Manhattan has becomes so pricey that many tenants have been priced out of the once-popular borough. Now, Brooklyn and Queens are the places to be. “At a certain point, people say to themselves, ‘There’s only so

Foreclosure Rates Rise for First Time in Four Years

For the first time since November 2010, the U.S. real estate market has seen the number of foreclosures rise from the same time last year. Nearly 52,000 homes were put up for auction in August, up 1 percent from the

All-Cash Sales at a New Low

CoreLogic revealed on Tuesday that fewer and fewer homes are being purchased in all-cash deals. The most recent data available shows that the percentage of all-cash sales dropped from 34.4 to 33 percent in the month between May and June.

Consumers’ Views of Real Estate Market Soured in August

Mortgage News Daily revealed on Monday that, according to Fannie Mae’s National Housing Survey, the average consumer’s overall outlook on the real estate market was less positive in August than it was in July. The survey revealed that many people feel

Mortgage Application Rate Remains Steady to Close Out Summer

As the final week of summer came to a close, the volume of mortgage applications remained essentially unchanged from the week before. On Aug. 29, the Mortgage Bankers Association’s Market Composite Index revealed an increased of only .2 percent from

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