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Senate Confirms Bill Pulte to Become FHFA Director

Senate Confirms Bill Pulte to Become FHFA Director

by Phil Hall | Mar 13, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The US Senate voted 56-43 to confirm Bill Pulte as the new director of the Federal Housing Finance Agency (FHFA). The vote was mostly along party lines, with all Republicans and three Democrats – Sens. Angela Alsobrooks of Maryland, Ruben Gallego of Arizona and Elissa...
The Most Expensive Home Sale in February Is…

The Most Expensive Home Sale in February Is…

by Phil Hall | Mar 13, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The sun was definitely shining on the Sunshine State’s luxury real estate market last month as coastal Florida boasted seven of February’s 10 highest-priced home sales, according to a new report from Redfin (NASDAQ: RDFN), which noted two estates in Southern...
Mortgage Applications for New Home Purchases Down in February

Mortgage Applications for New Home Purchases Down in February

by Phil Hall | Mar 13, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases during February were down by 6.9% year-over-year, although they were also up by 0.3% from January, according to data from the Mortgage Bankers Association (MBA). By product type, conventional loans composed 56.7% of loan...
Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

by Phil Hall | Mar 13, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian government has allocated $365 million for the construction of 767 new rental homes in Toronto. The project’s first phase, which is now under development on an eight-acre, transit-oriented site owned by the City of Toronto, will be part of a...
Mortgage Rates Remain Flat

Mortgage Rates Remain Flat

by Phil Hall | Mar 13, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates barely inched up in this week’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of March 13, up slightly from last week when it averaged 6.63%. A year ago at this time, it averaged...
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