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Global Analyst Poll Predicts Continued Evaporation of Affordable Homeownership Opportunities

Global Analyst Poll Predicts Continued Evaporation of Affordable Homeownership Opportunities

by Phil Hall | May 31, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The world’s major economies will continue to face rising house prices and diminished affordable homeownership opportunities in the near future, according to a Reuters poll of roughly 100 property analysts in the U.S., Canada, the U.K., Germany, India, Australia and...
GO Mortgage and PacRes Mortgage Announce Merger

GO Mortgage and PacRes Mortgage Announce Merger

by Phil Hall | May 31, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Columbus, Ohio-based GO Mortgage and Portland-headquartered PacRes Mortgage have announced a merger agreement. The transaction is expected to close in the third quarter, with GO Mortgage CEO Michael Isaacs as the chief executive of the combined company and PacRes...
Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

Dollar Tree Acquires 170 Locations from Bankrupt 99 Cents Only Stores

by Phil Hall | May 31, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dollar Tree Inc. (NASDAQ: DLTR) has acquired the designation rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada, and Texas. As part of the transaction, Dollar Tree also acquired the North American intellectual property of 99 Cents Only...
More Renters Are Staying Put Longer

More Renters Are Staying Put Longer

by Phil Hall | May 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ:RDFN) found one in six renters (16.6%) stayed in their home for 10 years or more in 2022, up from 13.9% one decade earlier. Furthermore, one in six (16.4%) renters lived in their home for five to nine years in 2022, up from 14% a...
Most Homebuyers Are Not Shopping Around for a Mortgage

Most Homebuyers Are Not Shopping Around for a Mortgage

by Phil Hall | May 31, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Most homebuyers do not shop around when considering a mortgage, according to a new data study from LendingTree (NASDAQ:TREE). In a survey of 2,001 U.S. consumers, over half of the respondents (54%) who took out a mortgage for their most recent home purchase only got...
One-Third of Canadians Predict Bank of Canada Rate Cut Next Week

One-Third of Canadians Predict Bank of Canada Rate Cut Next Week

by Phil Hall | May 31, 2024 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

One-third (32%) of Canadians are predicting that the Bank of Canada will begin to cut interest rates next week, while 42% are believe no cuts will be forthcoming. According to a survey of 1,500 Canadians conducted by Dye & Durham, two-thirds (65%) of Canadians...
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