This piece of state owned land is where the MWV Rec path is located and where a skate park is slated to go. But first a lawsuit between the town and Jim Pietrangelo is delaying the skatepark. This is parcel 235-55. The other parcel is much smaller. (Screenshot) In recently…
Continue reading →HousingWireHousingWire It looked like existing-home sales were primed to rise in 2025, but the prospect of higher-than-expected mortgage rates are driving down expectations. Fannie Mae on Thursday issued revisions to its 2025 housing market forecast, dropping its estimated gain for existing-home sales next year from 11% to a more muted…
Continue reading →HousingWireHousingWire After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. The seasonally adjusted annual rate of existing-home sales rose 3.4% month over month in October to 3.96 million, according to data released Thursday by the National Association of Realtors (NAR). This…
Continue reading →HousingWireHousingWire As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting attitude as mortgage applications for new homes surged in October. MBA’s Builder Application Survey released this week shows that the…
Continue reading →HousingWireHousingWire I like to say that I don’t predict mortgage rates — and I’m not convinced that anyone can. Bond markets are driven by so many unpredictable factors that even the wisest market visionaries have big blind spots. Look no further than a year ago when the prospect of recession…
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