The Ottawa Board of Trade and the Canadian Urban Institute have unveiled the “Downtown Ottawa Action Agenda” to revitalized Canada’s capital and its surrounding region. Under this initiative, Downtown Ottawa will aim to add 40,000 new residential units and create...
The 30-year fixed-rate mortgage dropped below the 7% mark, averaging 6.94% as of May 23, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.57%. “Spring homebuyers received an unexpected...
Home sales are slipping while median sales prices are still breaking records, according to a pair of data reports published this morning. Sales of new single-family houses during April were at a seasonally adjusted annual rate of 634,000, according to estimates...
The Green Mountain State is awash in the red ink of mortgage delinquency, according to a new report from WalletHub. In its newly published “States Where Mortgage Delinquency Is Increasing the Most,” WalletHub detailed where home loans have become least affordable from...
The Real Brokerage Inc. (NASDAQ: REAX), has launched Real Luxury, a dedicated division focused on the specialized and unique needs of luxury real estate agents and their exclusive clients. Kofi Nartey, a 20-year luxury real estate veteran who is Real’s national growth...
The Middle Class United Cooperative (MCU), a start-up real estate cooperative created by TikTok influencer Joe “OlderMillennial” Redden, announced that it raised $3.3 million and more than 6,500 members in its first two weeks. MCU’s first round of membership is...
Hits and Misses for the Real Estate Week of Aug. 10-14
