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European Central Bank Readies for Rate Cut Next Week

European Central Bank Readies for Rate Cut Next Week

by Phil Hall | May 28, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Hits and Misses for the Real Estate Week of May 20-24

Hits and Misses for the Real Estate Week of May 20-24

by Phil Hall | May 24, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

NAHB: Families Must Spend 38% of Their Income on Mortgage Payments

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

The typical American family needs to spend 38% of its household income to make a mortgage payment on a median priced new single-family home, according to the latest quarterly Cost of Housing Index data from the National Association of Home Builders (NAHB). For...
New Listings in Virginia Up by Nearly 20%

New Listings in Virginia Up by Nearly 20%

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

A total of 9,416 homes were sold in Virginia during April, an increase of 1,164 units or 14.1% more than one year earlier, according to data from Virginia Realtors. The growth in sales was powered by a 19.1% year-over-year increase in new listings, the highest upswing...
Mainstreet Equity Corp. Reports Cybersecurity Incident

Mainstreet Equity Corp. Reports Cybersecurity Incident

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

Mainstreet Equity Corp. (TSX: MEQ), a Calgary-headquartered real estate operating company, announced that it was the target of a cybersecurity incident on May 21 which affected Mainstreet’s internal systems. Specific details on the exact nature of the incident were...
Colorado Community College to Offer Online Introduction to 3D Homebuilding

Colorado Community College to Offer Online Introduction to 3D Homebuilding

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

A Colorado community college is offering an online course designed to introduce and expand student understanding of 3D-printed homes and infrastructure. Aims Community College in Greeley, Colorado, is partnering with Alquist 3D, a 3D printing construction technology...
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