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Guest Opinion: Achieving Housing Affordability in Canada

Guest Opinion: Achieving Housing Affordability in Canada

by Aled ab Iowerth | Oct 4, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada is known for its vibrant cities, breathtaking landscapes and diverse culture, making it a desirable place to call home. Unfortunately, parts of Canada are becoming more known for those homes being unaffordable. High housing costs have become obstacles for so...
Study: 81% of U.S. Real Estate Firms are Single-Office Operations

Study: 81% of U.S. Real Estate Firms are Single-Office Operations

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The vast majority of U.S. real estate firms in 2022 were single-office entities not affiliated with a franchise network, according to the 2023 Profile of Real Estate Firms published by the National Association of Realtors (NAR). Last year, 81% of the nation’s real...
John Cady Named President of Citywide Home Loans

John Cady Named President of Citywide Home Loans

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandy, Utah-headquartered Citywide Home Loans has named John Cady as its new president. Cady will be charged with continuing Citywide Home Loans’ 1national growth – the company currently has 55 offices in 36 states. Cady was previously senior financial president...
UC Asset LP to Launch Stock Buyback Initiative

UC Asset LP to Launch Stock Buyback Initiative

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

UC Asset LP (OTCQB: UCASU), an Atlanta-based entity focused on investing in real estate, announced it will be using its cashflow from net profit to buy back its stocks. “In the past 24 months we have made major adjustments to our investment strategy,” said founder...
Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new data published by LendingTree (NASDAQ:TREE). The average vacancy rate across the 50 largest U.S. metros is 7.22%....
Mortgage Applications Plunge to 27-Year Low

Mortgage Applications Plunge to 27-Year Low

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity continued to evaporate, according to data from the Mortgage Bankers Association (MBA) for the week ending Sept. 29. The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 6% on both a...
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