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Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public

Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public

by Phil Hall | May 28, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Senate Democratic Leader Chuck Schumer slammed President Donald Trump’s announcement that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, claiming it would only “line the pockets of the wealthy” while jacking up mortgage costs. The...
Arrive Home Debuts New Iterations of Earned Equity Program

Arrive Home Debuts New Iterations of Earned Equity Program

by Phil Hall | May 28, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Salt Lake City-based Arrive Home has unveiled two new iterations of its Earned Equity Program (EEP) that seeks to expand homeownership access to underserved communities. According to the company, the new EEP Pathway designed for “ITIN and certain Visa statuses...
$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units

$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units

by Phil Hall | May 28, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Groupe Mach has unveiled its plans for the Langelier project, a $3.5 billion mixed-used development in Montreal that will encompass 7,000 residential units. The 1.45 million-square-foot project will encompass 5,700 market-rate residential units, 1,300 social and...
Investors Say ‘No, Thanks!’ to Buying Condos

Investors Say ‘No, Thanks!’ to Buying Condos

by Phil Hall | May 28, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The condo market has become so bad – pause for a “Match Game”-style response of “How bad is it?” – that nearly seven in 10 (68%) condos sold below list price in the first quarter, the lowest share in five years. Furthermore, new data from Redfin (NASDAQ: RDFN) found...
Mortgage Application Activity Drops as Home Prices Rise

Mortgage Application Activity Drops as Home Prices Rise

by Phil Hall | May 28, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity fell for the second consecutive week as home prices were on the rise. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis for the...
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