September 2025

$3.65M residence at iconic London Terrace Towers boasts AD100 design pedigree

Not every Chelsea apartment comes with a design pedigree, but this one has it built in. The $3.65 million residence at London Terrace Towers was crafted by AD100 designer Neal Beckstedt, giving the prewar co-op a thoroughly modern refresh while preserving its historic character. Located at 465 West 23rd Street, the apartment occupies the 19th floor of one of Manhattan’s most recognizable...

U.S. Mortgage Rates Experience Sharpest Weekly Drop in Over a Year

Homebuyer Activity Picks Up Pace in Mid-September U.S. mortgage rates tumbled this week, posting their largest weekly decline in more than a year and providing a boost to prospective homebuyers. According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage fell to 6.35%, down from 6.50% the previous week, marking the most significant single-week drop since at...

Non-QM lender Griffin Funding unveils AI-driven underwriting platform

Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answers to loan qualification questions, according to Chloe Shubin, vice president of strategy for Griffin...

Baltimore’s push against vacant housing shows positive results

Recent efforts to cut down on vacant residential properties in Baltimore have proven to be effective, according to new Urban Institute data. By 2020, the city had more than 16,000 vacant buildings and a residential vacancy rate of 7.7%. In parts of east and west Baltimore, the rate was nearly one in three houses. “Vacancy not only blighted the city but also imposed upwards of $210 million in...

Christie’s International Real Estate names SVP of strategic growth

Christie’s International Real Estate has appointed G. Scott Hurlock as senior vice president of strategic growth, a new role at the company. Hurlock will oversee network expansion for the luxury real estate brand by pursuing new partnerships and working with affiliates on organic growth, mergers and acquisitions. “Scott comes to us with an incredibly impressive track record, deep industry...

Investor home purchases hit lowest second-quarter level since 2020

U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropolitan areas, defines an investor as any institution or business buying residential property, covering...

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