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Foreclosure filings rise 18% year over year in August

Foreclosure activity in the U.S. increased in August, with 35,697 properties receiving default notices, scheduled for auction, or repossessed by lenders, according to ATTOM’s August 2025 U.S. Foreclosure Market Report. The total was down 1% from July but up 18% from a year earlier. “August marked the sixth consecutive month of year-over-year increases in U.S. foreclosure activity and the third...

Commerce Secretary Lutnick says Fannie, Freddie IPO ‘could well be this year’

As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well be this year … sooner than...

$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...

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...

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...

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