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Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

by Phil Hall | Feb 5, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canadian housing sales and prices are expected to improve over the next two years, according to the 2025 Housing Market Outlook published by the Canada Mortgage and Housing Corporation (CMHC). While acknowledging “foreign trade risks and immigration changes” could...
Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing

Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing

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

The mayor of a Rhode Island town is using eminent domain to seize land owned by a developer planning to construct a 252-unit affordable housing development. WPRI.com reports Mayor Joseph Polisena Jr. of Johnston declared last week that his town has taken over 31 acres...
loanDepot and Onx Homes Announce New Joint Venture

loanDepot and Onx Homes Announce New Joint Venture

by Phil Hall | Feb 5, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

loanDepot Inc. (NYSE: LDI) is teaming with the homebuilder Onx Homes on a new joint venture to provide financing for new homebuyers in Florida and Texas. The venture, named Onx X+ Mortgage, will be headquartered in Georgetown, Texas. In a statement, the companies said...
FDIC: ‘Actively Reevaluating’ Cryptocurrency Supervision of Banks

FDIC: ‘Actively Reevaluating’ Cryptocurrency Supervision of Banks

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Deposit Insurance Corporation (FDIC) has done an about-face on how banks can engage with cryptocurrency-related activities. In a statement released today, Acting FDIC Chairman Travis Hill stated the regulatory agency was “actively reevaluating our...
Senate Confirms Scott Turner as HUD Secretary

Senate Confirms Scott Turner as HUD Secretary

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Senate has confirmed Scott Turner as Secretary of the Department of Housing and Urban Development (HUD) in a 55-44 vote. The Senate vote was nearly entirely along party lines with all Republicans and two Democrats – Sens. John Fetterman (D-PA) and Peter Welch...
Texas-Based MLS to Enable Non-Realtor Access

Texas-Based MLS to Enable Non-Realtor Access

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Austin Board of Realtors’ Unlock MLS is planning to make its multiple listing service available to real estate professionals who do not have membership in a realtor association. “We’re all about providing you with maximum flexibility to run your business your...
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