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Bank of Canada Holds Rates Steady

Bank of Canada Holds Rates Steady

by Phil Hall | Jul 30, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...
Arizona’s JBRE & Co. Joins The Real Brokerage

Arizona’s JBRE & Co. Joins The Real Brokerage

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX), that the JBRE & Co. real estate team in Northern Arizona has joined the company. Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in...
Compass Expands in North Carolina with Addition of Cottingham Chalk

Compass Expands in North Carolina with Addition of Cottingham Chalk

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Compass Inc. (NYSE: COMP) expanded its presence in the North Carolina market with the addition of Cottingham Chalk, an independent brokerage based in Charlotte. Co-founded by Dan Cottingham and John D. Chalk in 1983, Cottingham Chalk’s 70 agents closed $589 million in...
Rental Housing Developer Sunstone Two Tree Opens Phoenix Office

Rental Housing Developer Sunstone Two Tree Opens Phoenix Office

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets, announced that it has opened an office in Phoenix. Based in The Promenade office park in North Scottsdale, the new space will support the company’s operations in...
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral

New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral

by Phil Hall | Jul 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Pending Home Sales Down During June

Pending Home Sales Down During June

by Phil Hall | Jul 30, 2025 | News/Current Events, U.S. Housing Market, WRE News Exclusive

Pending home sales in June were down by 0.8% from the prior month and were also down 2.8% year-over-year, according to the National Association of Realtors (NAR). Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. The Northeast...
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