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PrimeLending Debuts Home Equity Loan Product

PrimeLending Debuts Home Equity Loan Product

by Phil Hall | Jun 19, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Dallas-headquartered PrimeLending has added a new home equity loan product to its offerings. The new loan product offers a fixed-rate repayment over a 30-year term. In announcing the product, the company pointed to Federal Reserve Bank of St. Louis data that noted how...
Survey: Most European Renters Lack Funds for Down Payments

Survey: Most European Renters Lack Funds for Down Payments

by Phil Hall | Jun 19, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Nearly two-thirds of European renters (64%) said they lack the funds for a down payment on a home, while more than half (58%) don’t believe they can save enough for a down payment over the next three years, according to a new survey released by Adevinta, an online...
Peak Roofing Partners Acquires Action Roofing

Peak Roofing Partners Acquires Action Roofing

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Peak Roofing Partners, a portfolio company of the private equity firm Exuma Capital Partners, has acquired Action Roofing, a South Florida-based roofing company. The financial aspects of the deal were not disclosed. Action Roofing was founded in 1986 and provides...
California’s Median Home Price Sets New Record High

California’s Median Home Price Sets New Record High

by Phil Hall | Jun 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home price in California reached a new record high of $908,040 in May, up by 0.4% from April and up by 8.7% one year ago, according to new data from the California Association of Realtors (CAR). This marked the second consecutive month where the median home...
Maryland Home Sales Down 3.4% During May

Maryland Home Sales Down 3.4% During May

by Phil Hall | Jun 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Maryland totaled 6,627 units in May, a 3.4% decline from the 6,860 sales recorded one year earlier, according to new data from Maryland Realtors. This occurred while the level of units pending (houses under contract) grew by 2.1% to 7,094 units. While...
La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title

La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title

by Phil Hall | Jun 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) announced it has entered into a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, which operates under the name Red Door Title. Headquartered in Orlando, Red Door Title is a full-service escrow...
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