Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. Mortgage rates are up slightly from last week. The average rate on a 30-year mortgage rose 9 basis points this week to 6.95%, according to Freddie Mac.Experts have long predicted that mortgage rates would soon fall, but those hopes were tempered as inflation remained high earlier this year. Now that inflation is finally declining and the…
Author: Private Lending Agent
The One19 Cherry Creek apartment building at 119 S. Harrison St. in Denver has been sold. (Courtesy of CBRE) Want your sale or lease listed here? We've introduced a new process for submitting your deal. Fill out this form to get it listed in our pipeline next week and learn more about the deals we'll be accepting here. Featured Deals: California-based Epp & Sons Inc. purchased the 36-unit, 47,330-square-foot One19 Cherry Creek apartment building at 119 S. Harrison St. from Reddy Capital for $23.05 million. CBRE's Andy Hellman, Justin Hunt, Eril Toll and Brad Schlafer represented the seller. John Beeble,…
As more homebuyers hold off on purchasing, waiting for prices and mortgage rates to stabilize, some sellers are being forced to lower their asking prices. In June, about 7% of sellers lowered their asking price, the highest percentage since November 2022, according to Redfin. It also marked the first time since pre-pandemic that a typical home sold for less than its asking price during the spring housing market season. But at the same time, the median sales price hit a new record of $397,250, driving many would-be buyers out of the market. High mortgage rates continue to weigh on buyer…
As more homebuyers hold off on purchasing, waiting for prices and mortgage rates to stabilize, some sellers are being forced to lower their asking prices. In June, about 7% of sellers lowered their asking price, the highest percentage since November 2022, according to Redfin. It also marked the first time since pre-pandemic that a typical home sold for less than its asking price during the spring housing market season. But at the same time, the median sales price hit a new record of $397,250, driving many would-be buyers out of the market. High mortgage rates continue to weigh on buyer…
The British Mortgage Awards took place yesterday at London's Park Plaza, presenting awards to brokers, lenders and business leaders. Congratulations to all the winners in the Broker, Lender and Business Leader categories of the 2024 UK Mortgage Awards. Broker: Administrator supported by Pepper Money Bobby Carter, L&C Mortgage Winner's comment: A clear problem solver, she delivers great results in every aspect of her day to day work, but also works hard to ensure the entire team delivers great customer outcomes. Business Leader: Brokers supported by Accord Mortgages (
The challenge ahead is no different to the one that has plagued the UK and other economies since the start of Covid-19: how to invest in the country and reduce the debt burden when tax revenues are already high, and cuts in public spending are culturally unacceptable to a Labour government. From a property perspective, the pre-election period was typical, with a strong focus on housing in the manifesto and limited attention to commercial property apart from a few brief comments on the business tax regime. However, what commercial property investors and occupiers want from the new Labour government is…
Vanguard Group, Inc. announced in its latest 13F filing with the SEC that it increased its holdings in Claros Mortgage Trust (NYSE:CMTG – free report ) by 0.5% during the fourth quarter. The institutional investor bought an additional 55,256 shares during the quarter, bringing its holdings to 11,425,527 shares of the company's stock. Vanguard Group, Inc. held 8.24% of Claros Mortgage Trust worth $155.73 million as of the latest filing with the SEC. A number of other hedge funds and institutional investors have also recently modified their positions in the business. Goldman Sachs Group Inc. increased its holdings in shares…
MCAN Mortgage Co. (TSE:MKP – Get Free Report) shares rose above their 200-day moving average during trading on Thursday. The stock's 200-day moving average is C$16.01 and it traded as high as C$16.35. MCAN Mortgage shares last traded at C$16.29 with trading volume of 24,537 shares. MCAN Mortgage shares rose 0.4% The stock has a market capitalization of C$616.9 million, a price-to-earnings ratio (PE) of 7.40 and a beta of 0.83. The company's 50-day moving average is C$15.96 and its 200-day moving average is C$16.01. The company has a debt-to-equity ratio of 366.36, a current ratio of 1.63 and a…
Speedwell, a Romanian-Belgian property developer controlled by Belgian investors, has announced plans to buy land in Warsaw and build a 600-bed student housing project, marking the start of its wider expansion in the Polish market and the region. “We have ambitious plans to acquire a project portfolio in Poland similar in size to our Romanian portfolio,” Speedwell co-founder Didier Barkan said. “Our main acquisition targets include a range of asset classes, including houses for sale both in Warsaw and the regional city, apartments for rent, student accommodation, office space and industrial property. We believe in the potential of the Polish…
European Residential Real Estate Investment Trust (TSE:ERE-UN – Get Free Report) shares surged 0.9% during trading on Thursday. The company's shares traded as high as C$2.36 and closed at C$2.33. 40,700 shares were traded during midday trading, with the stock previously closing at C$2.31. European Residential Real Estate Investment Trust Share Performance The company's 50-day moving average price is C$2.31 and its 200-day moving average price is C$2.38. The company's debt-to-equity ratio is 272.09, quick ratio is 0.20 and current ratio is 0.04. The company's market capitalization is C$213.8 million, P/E ratio is 23.30 and beta is 1.21. About European…