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Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Minneapolis-headquartered coffee company Dunn Brothers is planning a franchise expansion that will grow its presence with 250 new stores over the next five years. According to combined media sources, Dunn Brothers currently operates 50 stores in seven states, with...
Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements

Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three brokerages at the center of the landmark lawsuits regarding home sale commissions – Anywhere Real Estate Inc. (NYSE: HOUS), Keller Williams and RE/MAX Holdings (NASDAQ:RMAX) – received final court approval of their respective nationwide settlement agreements....
Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates

Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates

by Phil Hall | May 9, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada is warning that homeowners and renters continue to struggle in adapting to the nation’s new normal of higher interest rates. According to Financial Post coverage, Bank of Canada Governor Tiff Macklen acknowledged the adjustment to higher interest...
Mortgage Rates Down for First Time in Five Weeks

Mortgage Rates Down for First Time in Five Weeks

by Phil Hall | May 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline for the first time since March, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.09% as of May 9, down from last week when it averaged 7.22%. A year ago at...
Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

by Raphael Bostic | May 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Raphael Bostic is president and CEO of the Federal Reserve Bank of Atlanta. This article is adapted and edited from a recent speech delivered before The Murphy Institute at Tulane University in New Orleans. Housing is so foundational to family well-being and security...
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An Illinois judge rejected a last-minute effort by plaintiffs in the Batton 1 lawsuit to halt the final court approval of settlements by three major brokerages in the Sitzer/Burnett case. The Batton 1 plaintiff sought to block the settlement agreements by Anywhere,...
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