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HUD Allocates $10 Million in Grants to Housing Counseling Agencies

HUD Allocates $10 Million in Grants to Housing Counseling Agencies

by Phil Hall | Mar 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced it will make $10 million in grant funding available to eligible housing counseling agencies. According to a press release from the department, the funds will enable the...
Rick Kedzior Becomes 2024 President of the Ontario Real Estate Association

Rick Kedzior Becomes 2024 President of the Ontario Real Estate Association

by Phil Hall | Mar 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ontario Real Estate Association (OREA) announced the appointment of Rick Kedzior as its 2024 president. Kedzior has been an Oakville-based broker with Re/Max Aboutowne Realty Corp. since August 1994. In his new role, he will be representing Ontario’s nearly...
Fed’s Powell: ‘Our Policy Rate is Likely at Its Peak’

Fed’s Powell: ‘Our Policy Rate is Likely at Its Peak’

by Phil Hall | Mar 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell confirmed that the central bank will cut rates, but stopped short of offering a possible timeline on when rates will come down. In prepared remarks delivered today before the U.S. House Financial Services Committee, Powell noted...
New York Community Bancorp to Receive Investment of More Than $1 Billion

New York Community Bancorp to Receive Investment of More Than $1 Billion

by Phil Hall | Mar 6, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The financially troubled New York Community Bancorp (NYSE:NYCB) is receiving a lifeline in the form of a capital investment worth more than $1 billion. The Wall Street Journal, citing unnamed “people familiar with the matter,” reported that Liberty Strategic, Citadel...
What’s Driving Today’s Homebuyers: Price or Location?

What’s Driving Today’s Homebuyers: Price or Location?

by Phil Hall | Mar 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s homebuyers place more emphasis on the property’s price rather than its location, according to a new survey released by Coldwell Banker Real Estate, an Anywhere (NYSE: HOUS) brand. In a nationwide poll of 4,213 Americans, 56% of respondents cited price as being...
Zillow to Provide Multifamily Rental Listings on Realtor.com

Zillow to Provide Multifamily Rental Listings on Realtor.com

by Phil Hall | Mar 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Realtor.com and Zillow (NASDAQ:Z, ZG) have announced a new agreement for Zillow to be the exclusive provider of multifamily rental listings on Realtor.com. According to the companies, multifamily rental listings with 25 or more units advertised on Zillow will also be...
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