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Downtown Seattle Median Rent Up for First Time in 17 Months

Downtown Seattle Median Rent Up for First Time in 17 Months

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Apartment rents in Seattle’s downtown rose for the first time in 17 months in December, according to data from Redfin (NASDAQ: RDFN). The rent hike was a 2.5% year-over-year uptick to a median of $2,000. Seattle’s median rent seesawed over the past five years,...
Bank of Canada Announces New Rate Cut

Bank of Canada Announces New Rate Cut

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
Australia’s Top Ranked Listing Invites Buyers to ‘Renovate or Detonate’

Australia’s Top Ranked Listing Invites Buyers to ‘Renovate or Detonate’

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A residence in suburban Brisbane that could charitably be described as a mess has become the surprise top ranking property in the listings on Australia’s RealEstate.com.au site. The Courter-Mail reports the two-bedroom property in Mitchelton, Australia, is being...
Judge Blocks Trump Temporary Pause on Federal Grant and Loan Programs

Judge Blocks Trump Temporary Pause on Federal Grant and Loan Programs

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump’s temporary pause on federal grant and loan programs was blocked minutes before it was supposed to go into effect yesterday afternoon. The Wall Street Journal reported US District Judge Loren AliKhan, a Biden appointee, stopped federal agencies from...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Jan 29, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage application activity decelerated for the week ending Jan. 24, according to data from the Mortgage Bankers Association (MBA); the data included an adjustment for the Martin Luther King Jr. holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
Free Fraud Alerts Now Available for Florida Property Owners

Free Fraud Alerts Now Available for Florida Property Owners

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Property owners in Florida can now receive free service alerts if a deed, mortgage, or other official record is recorded in their name in a county’s official records. Alerts can be received by phone call, text message or email. Florida residents who receive an alert...
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