According to Freddie Mac’s first Primary Mortgage Market Survey (PMMS) of 2025, the 30-year fixed-rate mortgage (FRM) has risen to 6.91% as of January 2, 2025. This marks the highest mortgage rate in nearly six months. The rate is now…
Navigating the housing market can be challenging. Whether you’re a buyer searching for your dream home or a seller aiming to maximize your property’s value, being well-prepared is essential. Below are expert insights to help you succeed in today’s competitive…
A new affordable housing project is set to rise at 4600 E. Olympic Boulevard in unincorporated East Los Angeles, bringing much-needed low- and moderate-income housing to the area. The proposal, recently reviewed by the Los Angeles County Regional Planning Commission,…
Los Angeles is at a crossroads, with two visions for its future competing for attention. On one hand, we have electric, autonomous vehicles like the Waymo Jaguar I-PACE, which promises a cleaner, quieter city. However, the technology is still in…
Metro is moving forward with its ambitious 10,000 Home Commitment, focusing on creating affordable housing on underutilized Metro-owned land. One of the first major projects is planned near the 17th Street/Santa Monica College station, where Metro aims to develop income-restricted…
The Vancouver condo market is being heavily influenced by investors who prefer smaller units, according to recent data from Statistics Canada’s Canadian Housing Statistics Program (CHSP). This trend reflects a growing investor preference for maximizing returns through higher rent per…
California’s Proposition 33 has sparked a fierce debate as it heads to the November 2024 ballot. This controversial measure, which could transform the state’s rental market, has supporters and opponents clashing over its potential impacts on housing affordability and the…
Affordable housing in the U.S. is on the brink of a major crisis, as thousands of units built under the Low-Income Housing Tax Credit (LIHTC) program are set to expire in the coming years. This program, which has been in…
A new chapter begins in Silver Lake, Los Angeles, as Cityview and Wafra secure a $73 million loan from 3650 REIT to acquire Silva, a newly built Class-A apartment community. Located at 235 N. Hoover Ave, Silva boasts 360-degree views…
New Yorkers are uniting for a future where affordable housing is within reach, thanks to the approval of the “City of Yes for Housing Opportunity” proposal. This initiative, marking a pivotal change in the city’s zoning code, aims to address…