We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, February 1 Freddie Mac Primary Mortgage Market Survey 30-year fixed-rate mortgage (FRM) averaged 4.22 percent with an average 0.5 point for the week ending February 1, 2018, up from last week when it averaged 4.15 […]
Deedcoin promises to disrupt real estate commissions by letting clients pay agents partly in its own digital currency tokens. Earlier this week, the startup announced it was officially on the books with the Securities and Exchange Commission to try it out. The SEC granted Deedcoin a CIK number. The number will be used to track […]
A new report, “The High Cost of Short-Term Rentals in New York City,” claims Airbnb has caused the median rent in New York City to rise by 1.4 percent over the past three years, costing renters anywhere from an extra $380 to $700, depending on the neighborhood. From September 2014 to August 2017, Airbnb is estimated […]
Constellation Software Real Estate Group is steadily adding to its portfolio of SaaS companies for real estate. The software giant acquired Real Estate Digital from Xome Holdings on Thursday. Constellation owns just over a half-dozen brands that offer real estate software services, including Market Leader, Sharper Agent, Zurple, Z57, Diverse Solutions and Birdview. Constellation acquired […]
The U.S. Department of Housing and Urban Development (HUD) today announced it has awarded more than $1.5 billion to owners of Puerto Rico’s hurricane-ravaged housing and local businesses. The island is still in full recovery mode after Hurricanes Irma and Maria. Mayor Ernesto Irizarry Salvá of Utuado, a town in the mountains of Puerto Rico, […]
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