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MBA: Slower Pace on Applications for New Home Purchase Applications

MBA: Slower Pace on Applications for New Home Purchase Applications

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in June inched up 0.7% year-over-year but dropped by 16% month-over-month, according to new data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally adjusted...
Apple Teams with Nonprofits on Fund to Create Bay Area Affordable Housing

Apple Teams with Nonprofits on Fund to Create Bay Area Affordable Housing

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Apple Inc. (NASDAQ:AAPL) has partnered with three nonprofits – San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home – to launch the new Bay Area Housing Innovation Fund with the goal of originating targeted loans to advance affordable...
RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

by Phil Hall | Jul 19, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Royal Bank of Canada (RBC) (NYSE:RY) has launched a multi-million-dollar plan to retrofit its Canadian network of 1,200 branches, with the goal of eliminating 10,000 tons of onsite carbon emissions from its operational footprint. In the first phase of this endeavor,...
Natalie Cheney Named CEO at House Analytics

Natalie Cheney Named CEO at House Analytics

by Phil Hall | Jul 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

House Analytics, an Atlanta-headquartered provider of commercial real estate analytics solutions, has named Natalie Cheney as its new CEO. Cheney was previously CEO of MemberSuite Inc., having previously served as the company’s chief operating officer and chief...
Report: Justice Department Begins ‘Formal Inquiry’ Into California Association of Realtors

Report: Justice Department Begins ‘Formal Inquiry’ Into California Association of Realtors

by Phil Hall | Jul 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) has launched a “formal inquiry” into the California Association of Realtors (CAR) in response to a consumer group’s complaint about the organization’s contracts and forms. According to the Orange County Register, the...
NHP Foundation Acquires Historic Section 8 Property in Massachusetts

NHP Foundation Acquires Historic Section 8 Property in Massachusetts

by Phil Hall | Jul 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NHP Foundation, a provider of quality affordable housing, has acquired New Port Antonio, a historic Section 8 property in Roxbury, Massachusetts. This acquisition is one of the largest transactions by the foundation and was financed through the assumption of an...
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