The Bank of Canada cut its key policy rate for the second consecutive month, slicing away 25 basis points to achieve a 4.5% level. In announcing the rate cut, the central bank predicted Canadian GDP growth to increase in the second half of 2024 and into 2025, adding...
Sales of new single-family houses in June were at a seasonally adjusted annual rate of 617,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. June’s activity rate was 0.6% below the revised May rate of 621,000...
La Rosa Holdings Corp. (NASDAQ: LRHC) has entered into a non-binding Letter of Intent to acquire the commercial real estate firm Celebration Corporate Center LLC. The acquisition will be transacted through the company’s wholly owned subsidiary, La Rosa Property...
Capital Square, a multifamily housing developer and a sponsor of tax-advantaged real estate investments, announced its acquisition of Seaboard at Sidbury Station, a newly constructed, 113-unit, build-for-rent (BFR) housing community in the Wilmington suburb of Castle...
Mortgage application activity slowed while the number of mortgages in forbearance started to rise, according to new data from the Mortgage Bankers Association (MBA). In tracking the week ending July 19, the MBA’s Market Composite Index dropped by 2.2% on a seasonally...
Utah real estate professionals might want to start put together a new 10-year business development plan as the International Olympic Committee (IOC) has awarded the 2034 Winter Olympics to Salt Lake City. The Utah capital previously hosted the Winter Olympics in 2002...
Hits and Misses for the Real Estate Week of June 29-July 3
