Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

• Dozens of D.C. businesses damaged, looted following protests
  Nightfall Sunday brought a second evening of looting and damage in the District as protests and demonstrations sparked by the May 25 death of George Floyd, a black man, at the hands of a white Minneapolis police officer turned increasingly destructive. The scenes in the District were similar to those in major cities across the country, with law enforcement employing tear gas, nonlethal bullets and donning riot gear to subdue and disperse crowds that were lighting fires, shattering windows and looting…

  
• Museum District apartment tower undergoing conversion to luxury condos
  A nearly 40-year-old apartment building in Houston’s Museum District is in the midst of a major overhaul to convert the property’s living units into condominiums.

  
• Million Dollar Listing: 1059 Celestial St.
  While many homes in Mount Adams offer remarkable views, 1059 Celestial St. truly stands out. Spanning 6,700 square feet over three levels, the home sets back on an usual lot that is 50-foot wide and 203-feet deep. The positioning affords panoramic vistas of Newport, Covington, downtown and Over-the-Rhine. The nighttime view from the massive rooftop terrace is especially stunning, said listing agent Michael Franz with Coldwell Banker West Shell. Designed and built by Cincinnati architect José…

  
• High-end deals: Union Road in West Seneca
  A total of 28 high-end real-estate deals were registered on Union Road in West Seneca during the past decade, based on a Business First analysis of listings from the Erie County Clerk’s Office. High-end deals are informally defined as transactions valued at $300,000 or more. All such deals from the past real-estate decade (Oct. 1, 2009, through Sept. 30, 2019) are displayed in chronological order below. Business First focuses on the decade’s high-end listings for one selected street on each…

  
• It’s official: U.S. mortgage rates hit another all-time low
  For the fifth consecutive week, U.S. mortgage rates stayed below 3.30 percent and now have hit another record low, according to Freddie Mac. The 30-year fixed mortgage rate averaged 3.15 percent for the week ending May 28 — down from 3.24 percent last week. A year ago, mortgage rates stood at 3.99 percent.  Low mortgage rates help propel U.S. home sales and the refinance market. “The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking…