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Stewart Acquires All New York Title Agency

Stewart Acquires All New York Title Agency

by Phil Hall | Apr 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Stewart Information Services Corporation (NYSE:STC) announced its acquisition of the All New York Title Agency Inc. Founded in 1995 and headquartered in White Plains, New York, All New York serves affordable housing, supportive housing and senior housing clients...
Vietnamese Real Estate Tycoon Sentenced to Death in $12.5 Billion Fraud Case

Vietnamese Real Estate Tycoon Sentenced to Death in $12.5 Billion Fraud Case

by Phil Hall | Apr 11, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Vietnamese real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City for her role in her country’s largest financial fraud case ever. According to combined media reports, the 67-year-old Lan was the chairwoman of the real estate company...
Guest Opinion: The New York Fed Chief’s View of the Economy

Guest Opinion: The New York Fed Chief’s View of the Economy

by John C. Williams | Apr 11, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...
Mortgage Rates Drift Closer to the 7% Mark

Mortgage Rates Drift Closer to the 7% Mark

by Phil Hall | Apr 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates inched higher to the dreaded 7% level, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of April 11, up from last week when it averaged 6.82%. A year ago at this...
Foreclosure Activity Inches Up During Q1

Foreclosure Activity Inches Up During Q1

by Phil Hall | Apr 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 95,349 residential properties had foreclosure filings during the first quarter, according to new data from ATTOM. This represented a 3% increase from the previous quarter and a dip of less than 1% from one year ago. “Q1 2024’s foreclosure data reveals...
Indiana Home Sales Up 21%

Indiana Home Sales Up 21%

by Phil Hall | Apr 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Indiana’s housing market enjoyed double-digit month-to-month growth during March, with closed sales up 21% to 6,208 transactions and new listings growing 19% to 7,749 properties. According to data from the Indiana Association of Realtors (IAR), the 7,172 pending...
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