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Muhammad Ali’s Childhood Home in Louisville Listed for Sale

Muhammad Ali’s Childhood Home in Louisville Listed for Sale

by Phil Hall | Jun 5, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The childhood home of Muhammad Ali in Louisville, Kentucky, has been listed for sale at $1.5 million as part of a three-property parcel. According to an Associated Press report, the boxing champion was still living in the 3,363-square-foot pink house when he gained...
Toronto Home Sales and Prices Declined in May

Toronto Home Sales and Prices Declined in May

by Phil Hall | Jun 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area recorded 7,013 home sales in May, according to new data from the through the Toronto Regional Real Estate Board (TRREB). This represented a 21.7% drop from the 8,960 sales reported in May 2023. The drop in sales was seesawed with a rise in new...
Real Estate Lawyer L. Minnie Bellomo Joins Federman Steifman as a Partner

Real Estate Lawyer L. Minnie Bellomo Joins Federman Steifman as a Partner

by Phil Hall | Jun 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federman Steifman LLP has recruited real estate and structured finance attorney L. Minnie Bellomo as a partner, based in the firm’s New York City office. Bellomo represents clients in connection with the structuring and negotiation of various types of real...
Mortgage Application Activity Continues to Drag

Mortgage Application Activity Continues to Drag

by Phil Hall | Jun 5, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
Bank of Canada Announces First Rate Cut in 4 Years

Bank of Canada Announces First Rate Cut in 4 Years

by Phil Hall | Jun 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...
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