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US Home Affordability Continued to Fray During Q2

US Home Affordability Continued to Fray During Q2

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the second quarter compared to historical averages in 99% of counties around the nation, according to new data from ATTOM, which also found that major expenses on median-priced homes consumed...
UAE Developer to Tokenize $500 Million in Real Estate Assets

UAE Developer to Tokenize $500 Million in Real Estate Assets

by Phil Hall | Jul 3, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Mantra, an institutional-grade Layer 1 Blockchain for real world assets, has announced a strategic partnership with MAG, a United Arab Emirates-based developer with a real estate portfolio valued at over $5 billion. According to the companies, Mantra’s blockchain...
Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

by Phil Hall | Jul 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Four Ontario landlords were ordered by a Superior Court justice to turn over control of their real estate operations to a court-appointed monitor following accusations they misused roughly $144 million in investor money for lavish personal lifestyle purposes while...
Mansion Tax Proposal Coming Back to Connecticut

Mansion Tax Proposal Coming Back to Connecticut

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new effort is underway to bring a mansion tax to Connecticut. CT Mirror reported State Sen. Martin M. Looney, a Democrat representing New Haven, is planning to put forth a mansion tax proposal when the state legislature reconvenes in January 2025. Looney, who is...
Mortgage Application Activity Slumps Again

Mortgage Application Activity Slumps Again

by Phil Hall | Jul 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity concluded last month in decline, according to the Mortgage Bankers Association (MBA) data for the week ending June 28. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 2.6% on a seasonally...
Contractors Named for New Virginia Baseball Stadium

Contractors Named for New Virginia Baseball Stadium

by Phil Hall | Jul 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Richmond Flying Squirrels, the Double-A Eastern League affiliate of the San Francisco Giants, has selected Rhode Island-based Gilbane Building Co. and Massachusetts-based Prestige Construction Group to construct a new stadium in Richmond, Virginia. According to...
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