1st Century Bank Expands Into San Diego Market
1st Century Bank, the Los Angeles-based division of the privately-owned MidFirst Bank, announced its expansion into the San Diego market. This endeavor is being led by Jason Shidler, who joins 1st Century Bank as senior vice president and senior managing director....
Hits and Misses for the Real Estate Week of Sept. 18-22
A potential new life for a long-shuttered 100-year-old theater, federal workplaces that truly make employees ill, and Jerome Powell puts his foot on the economic brake. From the wild and wooly world of real estate, here are the hits and misses for this week. Hit and...
New York State Home Sales Down 18.8% From Last Year
Closed home sales across New York took an 18.8% year-over-year tumble last month, according to data from the New York State Association of Realtors (NYSAR). The 13,922 in sales during August 2022 far outpaced the 11,310 recorded last month. New listings were also down...
Canada Provides $107.5 Million for New Vancouver Apartment Complex
The Canadian government is providing $107.5 million in low-interest loans through the Rental Construction Financing Initiative (RCFi) to build a 215-unit multifamily complex in Vancouver. The project is known as W42 and the government’s funding is part of a federal...
Wells Fargo Hires Biden’s Ambassador to Israel as Vice Chairman
Wells Fargo & Co. (NYSE: WFC) announced Thomas R. Nides will join the company in October as vice chairman, reporting to CEO Charlie Scharf and joining the San Francisco-headquartered company’s operating committee. In his new role, Nides will advise Wells Fargo...
Exclusive WRE Articles
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A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM.
Nationwide, one in every 4,113 housing units had a foreclosure filing last month.
https://wrenews.com/foreclosure-activity-records-uptick-in-august/
Mortgage application activity went into decline again last week, according to data from the Mortgage Bankers Association (MBA).
The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 0.8% #JoelKan #MBA
https://wrenews.com/mortgage-application-activity-down-again/
The Appraisal Institute has launched its Practical Applications of Real Estate Appraisal (AI PAREA) program to expand the depth and scope of the appraiser profession.
The Appraisal Foundation’s Boardof Trustees awarded a $500,000 Pathway to Success
https://wrenews.com/appraisal-institute-debuts-program-to-expand-appraiser-base/
