WASHINGTON (AP) — U.S. home sales jumped 2.5-percent in May, as lower mortgage rates appeared to help buyers overcome affordability challenges. The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.34…
WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week. The key 30-year, fixed-rate loan hovered around an average 3.8-percent for the third straight week. Before leveling off, rates marked six straight weeks of declines putting them at…
NEW YORK (AP) - Interest rates for mortgages are low __ really low. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4 percent, its…
NEW ORLEANS - As the population grows, so does the need for workers in specialty trades. Population expansion demands an expanded infrastructure with essential necessities such as heating and cooling, electrical power, and shelter—a roof over our heads. Despite the…
NEW ORLEANS - On Thursday, June 6, the Commercial Investment Division of the New Orleans Metropolitan Association of REALTORS (CID) awarded top honors to Max J. Derbes Inc. real estate brokers Gerard Henry, SIOR and Bryce French. Details were shared in…
SALT LAKE CITY (AP) — For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro…
NEW ORLEANS – Vacant for nearly 14 years, the former McDonogh 31 School in Mid-City was recently transformed into a luxury apartment complex comprised of 26 units, ranging from 600 to 1,400 square-feet each. Amenities include a pool, gated parking,…
SALISBURY, Mass. (AP) — For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone's guess. Some research suggests rising sea levels and flooding…
WASHINGTON (AP) — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. The National Association of Realtors says home sales fell 4.9%…
NEW ORLEANS - Today, the New Orleans City Council took a stand and put housing first by approving several critical initiatives to increase safe, fair and equitable housing, and combat the current affordability crisis. The Council approved Ordinance 32,573, which…
NEW ORLEANS – Urban Properties Real Estate, a local commercial brokerage and development firm, is announced the hiring of Genevieve Douglass as it’s director of marketing and operations. Details were shared in a press release. In this role, Douglass is responsible for…
WASHINGTON (AP) — More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost. The National Association of Realtors said Wednesday its pending home sales index rose 4.6 percent…
NEW ORLEANS - HousingNOLA and the Greater New Orleans Housing Alliance (GNOHA) are applauding the New Orleans City Council for adopting a resolution to provide relief to cost-burdened homeowners in Orleans Parish during today's regular meeting. Co-authored by Councilmembers Banks,…
NEW ORLEANS - The A. B. Freeman School of Business at Tulane University has announced a partnership with the Tulane University School of Architecture to meet the increasing demand for business professionals equipped with the tools for a career in real…
DENVER – Stonebridge Companies, a Denver-based, privately owned, innovative hotel owner, operator and developer, has acquired the 280-room Embassy Suites by Hilton New Orleans Convention Center hotel in partnership with an affiliate of Walton Street Capital, L.L.C. As the property…
WASHINGTON (AP) — U.S. home prices rose at a slower pace in November, as sales have tumbled and affordability has deteriorated for many would-be buyers. The S&P CoreLogic Case-Shiller 20-city home price index grew 4.7 percent from a year earlier,…
WASHINGTON (AP) — When home sales weaken, prices typically do, too, and buyers benefit. Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans…
WASHINGTON (AP) — U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said…
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage was…
NEW YORK - The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse.…
WASHINGTON (AP) — U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. The decline in home borrowing rates in recent weeks has been a spur to prospective homebuyers, reflected in a spike in…
NEW ORLEANS — City Council members in New Orleans are set to discuss proposals that could sharply curtail short-term vacation-rentals of whole houses in residential neighborhoods. The most controversial of the proposals would limit short-term rental licenses to a single,…
NEW ORLEANS - Stirling Properties’ Senior Broker Associate, Beth Cristina, ALC, has been selected by the National Association of REALTORS® (NAR) as 2019 regional vice president. She will oversee Region 10 which encompasses Louisiana and Texas. Details were shared in a…
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, starting the year with an inducement to prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.51 percent from 4.55…
DALLAS, Tx. - (BUSINESS WIRE) - Southern Properties Capital, a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas-based real estate investment company, is pleased to announce its most recent multi-family acquisition of The Landing Apartments on Bayou Cane (The…
WASHINGTON, DC - Congressman Cedric Richmond (D-LA) introduced the American Housing and Economic Mobility Act, a bill originally introduced in the Senate by United States Senator Elizabeth Warren (D-MA). This bill will reduce rent costs and provide greater access to…
NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a…
NEW ORLEANS - With a smile and a sense of humor, Francesca Brennan regulates her ever-changing work-life balance – a tricky endeavor familiar to most women. She’s the mother of two children under four-years-old, the president of the Oak Street Po-Boy…
WASHINGTON (AP) — Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted…
