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Market Snapshot: Canada’s Luxury Real Estate Sector

Market Snapshot: Canada’s Luxury Real Estate Sector

by Phil Hall | Apr 21, 2023 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A shortage of pricey properties resulted in a decline of year-over-year sales activity for Canada’s luxury real estate market during the first quarter of this year. “There has been an immense build-up of demand for housing mobility across Canada’s conventional and...
Real Estate Investors Taking a Loss in Current Home Selling

Real Estate Investors Taking a Loss in Current Home Selling

by Phil Hall | Apr 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Many real estate investors are not having a very good year, according to new data released by Redfin (NASDAQ:RDFN). Last month, nearly one in seven (13.5%) U.S. homes sold by an investor went for less than the investor’s original purchase price. That is something of...
Mortgage Delinquencies at Record Low

Mortgage Delinquencies at Record Low

by Phil Hall | Apr 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. delinquency rate fell below 3% for the very first time, according to new data from Black Knight Inc. (NYSE:BKI). The delinquency rate slid by 53 basis points (-15%) last month to 2.92%. In a press statement, Black Knight explained the March data was neither...
Redfin: One-Third of 25-Year-Olds are Homeowners

Redfin: One-Third of 25-Year-Olds are Homeowners

by Phil Hall | Apr 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one-third (30%) of 25-year-olds owned their own homes in 2022, according to new data published by Redfin (NASDAQ:RDFN). This healthy percentage of Gen Z homeowners can be attributed to the pandemic era, when young adults who enjoyed strong financial health in...
Keller Williams Establishes Presence in India

Keller Williams Establishes Presence in India

by Phil Hall | Apr 21, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Keller Williams is expanding its real estate franchise network to India. According to the Austin-headquartered company, Regional Director Sahil Kapoor is initializing operations in India while partnering with developers in the Delhi-National Capital Region market...
Tight Inventory Drives Down New York State Home Sales

Tight Inventory Drives Down New York State Home Sales

by Phil Hall | Apr 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York experienced the 41st consecutive month of year-over-year housing inventory declines in March, resulting in few sales and lower prices, according to new data from the New York State Association of Realtors (NYSAR). The Empire State’s for-sale home inventory...
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