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New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment

New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bipartisan bill introduced in the US House of Representatives will enable families to put unused college savings toward a down payment. The First-Time Homebuyer Empowerment Act (H.R. 7468) would amend the tax code to allow people to withdraw up to $35,000 in...
Ground Broken on New Mixed-Use Development in Ottawa

Ground Broken on New Mixed-Use Development in Ottawa

by Phil Hall | Feb 11, 2026 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate development and investment firm Colonnade BridgePort and the Fiera Real Estate CORE Fund have broken ground on Junction Central, a mixed-use residential community in Ottawa. The new project is located on a 4.9-acre site located next to Ottawa’s...
New Jersey’s $10,570 Average Property Tax Bill Hits Record High

New Jersey’s $10,570 Average Property Tax Bill Hits Record High

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey’s statewide average property tax bill for 2025 was $10,570, a new record high. According to coverage from NJ1015.com, last year’s average bill was roughly $500 above the 2024 level, the previous record high and the first time the bill was a five-digit...
Homeowner Affordability Improves Slightly in California

Homeowner Affordability Improves Slightly in California

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the California Association of Realtors (CAR) has determined 18% of the state’s homebuyers could afford to purchase a median-priced, existing single-family home during fourth quarter of 2025, up from 17% in the third quarter and up from 16% in the...
Mortgage Application Activity Remains Flat as Credit Availability Increases

Mortgage Application Activity Remains Flat as Credit Availability Increases

by Phil Hall | Feb 11, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed for the week ending Feb. 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.3% on a seasonally adjusted basis from one...
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