Property News
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Property News for 5 April 2022
30-year fixed mortgage crosses 5%
CNBC - 5 Apr 2022 20:23
The average rate on the popular 30-year fixed mortgage just crossed 5%, for the first time 2011, save two days in 2018. It stood at 3.38% one year ago today.
Developers are flooding Arizona with homes even as historic Western drought intensifies
CNBC - 5 Apr 2022 17:32
A desperate shortage of homes has developers putting up thousands of homes in the Arizona desert, but extreme drought puts them all at risk.
Manhattan residential real estate sales hit a record $7.3 billion in the first quarter
CNBC - 5 Apr 2022 06:01
Manhattan real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing.
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