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Mortgage Delinquency Rate Bounced Up in April

Mortgage Delinquency Rate Bounced Up in April

by Phil Hall | May 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national mortgage delinquency rate was up by 13% from the record low in March into April, according to new data from Black Knight Inc. (NYSE:BKI). But while that might seem extreme, the total U.S. delinquency rate in April was only a mere 3.31%. Early-stage...
Survey: The Global Workforce Isn’t Fully Back in the Office

Survey: The Global Workforce Isn’t Fully Back in the Office

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the world has moved on from the Covid-19 pandemic, the global workplace has yet to fully resume its pre-pandemic status – especially in office properties. A new survey by Unispace of 9,500 employees and 6,650 employers from 17 countries found that only half of...
The Property Market with the Highest Level of Natural Disaster Risks Is…

The Property Market with the Highest Level of Natural Disaster Risks Is…

by Phil Hall | May 24, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Plaquemines, Louisiana, has earned the unfortunate distinction as being the riskiest place in the U.S. for property owners due to natural disaster damage. Plaquemines was cited in CoreLogic’s latest Climate Risk Analytics report, which tracked natural disaster threats...
Toronto Office Market Could Have Oversupply Through 2041

Toronto Office Market Could Have Oversupply Through 2041

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area (GTA) runs the risk of having a significant oversupply of office space that will impact the market until at least 2041. A new report prepared by Altus Group and released by NAIOP Greater Toronto predicted the near-future with three hybrid work...
Utah Company in $15M Settlement Over Real Estate Investor Training Scheme

Utah Company in $15M Settlement Over Real Estate Investor Training Scheme

by Phil Hall | May 23, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Federal Trade Commission (FTC) and the Utah Division of Consumer Protection (DCP) announced a settlement with the principals of a Utah-based real estate investment training company that involves a $15 million penalty and a permanent ban from being involved in...
FHFA’s Thompson: ‘Certain Media Reports Have Distorted Basic Facts’ About Upfront Fees

FHFA’s Thompson: ‘Certain Media Reports Have Distorted Basic Facts’ About Upfront Fees

by Phil Hall | May 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson pushed back again at claims that her office is seeking to penalize homebuyers with good credit in order to help those with shaky credit achieve homeownership. In written testimony submitted this morning...
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