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Mortgage Application Activity Up 3.1%

Mortgage Application Activity Up 3.1%

by Phil Hall | Aug 6, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A growing number of borrowers were filling out mortgage applications during the week ending Aug. 1, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.1% on a...
Toronto Records Strongest July Home Sales in Four Years

Toronto Records Strongest July Home Sales in Four Years

by Phil Hall | Aug 6, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 6,100 homes were sold in July through the Toronto Regional Real Estate Board’s (TRREB) MLS, a 10.9% year-over-year increase. The latest home sales total was the strongest result for the month of July since 2021 – however, it was also slightly lower than the...
Northern California’s Showcase Real Estate Joins The Real Brokerage

Northern California’s Showcase Real Estate Joins The Real Brokerage

by Phil Hall | Aug 6, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) announced that Showcase Real Estate, an independent brokerage serving Northern California’s agricultural heartland, has joined the company under its Private Label program. Founded in 2018 in Yuba City by Donna Phelan, Showcase...
Modular Housing Provider Boxabl Uses SPAC to Go Public With $3.5 Billion Valuation

Modular Housing Provider Boxabl Uses SPAC to Go Public With $3.5 Billion Valuation

by Phil Hall | Aug 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Las Vegas-headquartered modular housing manufacturer Boxabl announced plans to go public through a merger with FG Merger II Corp. (Nasdaq: FGMC), a publicly traded special purpose acquisition company. Upon closing of the merger, the newly combined company is...
FHFA Allows Fannie and Freddie to Invest Further in LIHTC Properties

FHFA Allows Fannie and Freddie to Invest Further in LIHTC Properties

by Phil Hall | Aug 5, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) are now able to invest in Low Income Housing Tax Credit (LIHTC) properties from $1 billion to $2 billion each, a total of $4 billion per year. “Today’s...
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