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Scotiabank Now Offering First Home Savings Account for New Buyers

Scotiabank Now Offering First Home Savings Account for New Buyers

by Phil Hall | Aug 16, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-headquartered Scotiabank has launched a tax-free First Home Savings Account (FHSA) designed to help Canadians purchase their first home. According to Scotiabank, the FHSA enables lets first-time homebuyers contribute up to $8,000 each year, with a maximum...
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding

Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding

by Phil Hall | Aug 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Realtors Relief Foundation (RRF) has made available $1.5 million in disaster relief aid to Hawaii Realtors in support of the Realtors Association of Maui following the wildfires that destroyed communities on Maui. The funds will be made available to the public to...
Former Greek Orthodox Church Becomes Home for Indianapolis Opera

Former Greek Orthodox Church Becomes Home for Indianapolis Opera

by Phil Hall | Aug 15, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 60-year-old former church in Indianapolis has a new lease on life as the home of an opera company. According to a WISH-TV report, the former Holy Trinity Greek Orthodox Church has been renamed Basile Opera Center and has been realigned as the new permanent home of...
Builder Confidence Evaporates Amid Elevated Mortgage Rates

Builder Confidence Evaporates Amid Elevated Mortgage Rates

by Phil Hall | Aug 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After seven consecutive months of rising optimism, builder confidence dropped in August as mortgage rates neared the 7% mark. The National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) saw builder confidence in the market for...
July New Home Purchase Mortgage Applications Up 35.5%

July New Home Purchase Mortgage Applications Up 35.5%

by Phil Hall | Aug 15, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
Mixed Picture in July for Canadian Housing Market

Mixed Picture in July for Canadian Housing Market

by Phil Hall | Aug 15, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s home sales dipped by 0.7% month-over-month in July, even though number of newly listed properties rose 5.6% month-over-month and sales were up in more than half of all local markets. According to data from the Canadian Real Estate Association (CREA), a...
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