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HUD Partners with North Carolina Law School on Fair Housing Workforce Training

HUD Partners with North Carolina Law School on Fair Housing Workforce Training

by Phil Hall | Oct 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Housing and Urban Development (HUD) announced a new partnership with the North Carolina Central University (NCCU) School of Law that is designed to prepare the next generation of fair housing policy and litigation leaders. NCCU is a public...
Mortgage Rates Are Climbing Again

Mortgage Rates Are Climbing Again

by Phil Hall | Oct 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise once more in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.54% as of Oct. 24, up from last week when it averaged 6.44%. A year ago at this time, it averaged...
New Single-Family Homes Sales Up in September

New Single-Family Homes Sales Up in September

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in September were at a seasonally adjusted annual rate of 738,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised August rate of 709,000...
New Survey Finds 4 Out of 5 Respondents Support Rent Caps

New Survey Finds 4 Out of 5 Respondents Support Rent Caps

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden-Harris proposal for rent caps seems to be resonating, as a new survey from Redfin (NASDAQ:RDFN) found nearly four of every five respondents agreeing there should be caps on the amount landlords are allowed to increase rent. The survey was conducted by Ipsos...
Realtor.ca to Become For-Profit Platform

Realtor.ca to Become For-Profit Platform

by Phil Hall | Oct 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The membership of the Canadian Real Estate Association’s (CREA) has voted to transition Realtor.ca into a for-profit subsidiary of the organization. Realtor.ca holds a 50% market share in Canada. According to CREA, Realtor.ca will now be able to pursue new revenue...
Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

by Phil Hall | Oct 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (48.3%) of mortgaged residential properties were considered equity-rich in the third quarter, according to new data report from ATTOM. This is down from the recent peak of 49.2% in the second quarter but also up from 47.4% from one year earlier....
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