W.P. Carey Inc. (NYSE: WPC), a New York City-based net lease real estate investment trust (REIT), announced that John Park will step down as president effective Sept. 30. Park joined W.P. Carey as an investment analyst in 1987 and was director of strategy and capital...
Connecticut’s capital city of Hartford is leading the country for rent hikes, according to new data from Zillow (NASDAQ:Z, ZG). Rents have grown 7.8% over the past year in Hartford, the greatest annual spike in any major city; the current typical rent in Hartford is...
The Federal Housing Administration (FHA) has updated its 203(k) Rehabilitation Mortgage Insurance Program that provides financing for renovating or rehabilitating single-family homes. FHA offers two variations of the 203(k) program: the Standard 203(k) for substantial...
EMM Loans is now offering The Trade-In Mortgage powered by Calque. With The Trade-In Mortgage, a homebuyer can make a non-contingent offer as good as cash and backed by a purchase price guarantee from Calque. If the house does not sell within 90 to 150 days, depending...
Guaranteed Rate, the Chicago-based mortgage lender and digital financial services provider, has rebranded to become known simply as “Rate.” In a press statement, the company said “Rate” signifies “a unified brand across all products and services,...
The city council of Fredericton, New Brunswick, has voted to sell a historically significant building valued at $475,000 to a private developer for $1,000. According to a CBC report, the sale of Lemont House to State Street Properties carries the condition that the...
Hits and Misses for the Real Estate Week of June 15-19
