More than 90% of metro markets posted home price gains during the first quarter, according to the National Association of Realtors (NAR). Home price increased were recorded in 205 of the 221 markets (93%) tracked by NAR and 30% of the tracked metros experienced...
Alanna McCargo, who stepped down last week as president of the Government National Mortgage Association (Ginnie Mae), has been named president and CEO of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). McCargo will officially join the bank on June...
REEP Residential, a San Antonio-headquartered real estate management company, has recruited Yvette Davis as its new president. Davis is a Certified Property Manager (CPM) who was previously director of strategic operations at Emerge Living. Earlier in her career, she...
The Society of Industrial and Office Realtors (SIOR) has announced its 2024-2025 officers. SIOR’s current president-elect, Mike Ohmes, will assume the role of SIOR Global President this fall. Ohmes is the managing principal of the Minneapolis-St. Paul office of...
Sweden’s central bank is diverging from the strategy advocated by its American counterpart by cutting interest rates. The Financial Times reported the Riksbank’s reduction of its main interest rate by 0.25 percentage points to 3.75% marked the first rate cut for...
National Association of Realtors (NAR) Chief Economist Lawrence Yun is predicting interest rates will fall in the long term, while existing home sales will rise to 4.46 million this year (up 9% from 4.09 million in 2023) and to 5.05 million next year (up 13.2% from...
Hits and Misses for the Real Estate Week of May 11-15
