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Person of the Week: Jonas Bordo, CEO of Dwellsy

Person of the Week: Jonas Bordo, CEO of Dwellsy

by Phil Hall | May 16, 2023 | News/Current Events, Person of the Week, Real Estate News, U.S. Housing Market, WRE News Exclusive

This week, our Person of the Week spotlight shines on Jonas Bordo, co-founder and CEO of Dwellsy, the Los Altos, California-based residential home rentals marketplace, and co-author of the upcoming book “Everything You Need to Know About Renting But Didn’t Know to...
Builders Express Renewed Confidence in Housing Market

Builders Express Renewed Confidence in Housing Market

by Phil Hall | May 16, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes rose five points this month to 50, according to the latest Housing Market Index (HMI) report from the National Association of Home Builders (NAHB) and Wells Fargo (NYSE:WFC). This is the fifth...
MBA: Number of Loans in Forbearance Continue to Decline

MBA: Number of Loans in Forbearance Continue to Decline

by Phil Hall | May 16, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of home loans in forbearance declined by 4 basis points from March to April, reaching a level of 0.51% of servicers’ portfolio volume, according to new data from the Mortgage Bankers Association (MBA). The share of Fannie Mae and Freddie Mac loans in...
Canadian Home Sales Up in April

Canadian Home Sales Up in April

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

Home sales across Canada increased by 11.3% month-over-month in April but were also 19.5% below the level recorded one year ago. According to new data from the Canadian Real Estate Association (CREA), the national average home price in April was $716,000, a 3.9%...
28,000 Minnesota Real Estate Agents Complete Training on Reducing Racial Bias in Homebuying

28,000 Minnesota Real Estate Agents Complete Training on Reducing Racial Bias in Homebuying

by Phil Hall | May 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 28,000 real estate agents and brokers licensed in Minnesota have completed a two-year training program designed to eliminate racial inequities in homebuying. According to a KAAL-TV / ABC 6 News report, the Minnesota Department of Commerce launched the program...
Historic NYC Hotel Reopens as Arrival Center for Illegal Immigrants

Historic NYC Hotel Reopens as Arrival Center for Illegal Immigrants

by Phil Hall | May 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic hotel in Midtown Manhattan that closed during the start of the Covid-19 pandemic has been reopened as the new arrival center for illegal immigrants being bused into the city. New York City Mayor Eric Adams announced the Roosevelt Hotel will serve as a...
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