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Rapid Housing Initiative Projects Coming to Moncton, New Brunswick

Rapid Housing Initiative Projects Coming to Moncton, New Brunswick

by Phil Hall | Jan 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government, working with the provincial government of New Brunswick and the City of Moncton, have announced over more than $6.7 million in funding – including $3.9 million through the third round of the Rapid Housing Initiative – to help build 46 new...
Rocket Companies Taps Jonathan Mildenhall as Chief Marketing Officer

Rocket Companies Taps Jonathan Mildenhall as Chief Marketing Officer

by Phil Hall | Jan 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Rocket Companies (NYSE: RKT) announced the appointment of Jonathan Mildenhall to the newly created position of chief marketing officer (CMO), effective Jan. 8. In this new role, Mildenhall will be responsible for creating a unified and compelling voice for all...
Alberto G. Musalem Named President and CEO of St. Louis Fed

Alberto G. Musalem Named President and CEO of St. Louis Fed

by Phil Hall | Jan 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve Bank of St. Louis announced the appointment of Alberto G. Musalem as its next president and CEO, effective Apr. 2. Musalem succeeds Jim Bullard, who resigned from his role in July 2023 to become dean of the business school at Purdue University....
Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Jan 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, up slightly from last week when it averaged 6.61%. A year ago at this time, it averaged 6.48%....
Seattle Office Building to be Converted Into Multifamily Housing

Seattle Office Building to be Converted Into Multifamily Housing

by Phil Hall | Jan 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A vacant Seattle office property has been acquired for conversion into multifamily housing. Stream Real Estate, a Seattle-based developer and investor, has paid $7 million for Queen Anne Plaza, a four-story office building. The Seattle Times reported the company plans...
Zillow’s Hottest Housing Market for 2024 Is…

Zillow’s Hottest Housing Market for 2024 Is…

by Phil Hall | Jan 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) has released its rankings of the hottest housing markets for 2024, with the lower-cost markets of the Great Lakes, Midwest and South the list. In a study of the nation’s 50 most populous metros, Zillow chose Buffalo, New York as the year’s...
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