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Canada Allocates $5 Million for Shared Equity Mortgages in Ontario

Canada Allocates $5 Million for Shared Equity Mortgages in Ontario

by Phil Hall | May 28, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is allocating a $5 million repayable loan through the Shared Equity Mortgage Providers Fund to Ourboro Inc., which will fund shared equity mortgages for first-time homebuyers in the Greater Toronto Area and select communities across Ontario....
Lender Seizes Foreclosed San Jose Office Property

Lender Seizes Foreclosed San Jose Office Property

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bay Area’s shaky real estate market received another blow as a vacant San Jose office property was foreclosed and seized by its lender. According to a Mercury News report, The Evergreen Advantage seized the 78,200-square-foot property at 5729 Fontanoso Way through...
‘Home Alone’ House Listed for $5.25 Million

‘Home Alone’ House Listed for $5.25 Million

by Phil Hall | May 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The suburban Chicago house that was used as the setting of the 1990 comedy film classic “Home Alone” has been listed for sale at $5.25 million. The Wall Street Journal reported the redbrick Georgian residence in Winnetka, Illinois, still attracts fans of the movie who...
Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
European Central Bank Readies for Rate Cut Next Week

European Central Bank Readies for Rate Cut Next Week

by Phil Hall | May 28, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Hits and Misses for the Real Estate Week of May 20-24

Hits and Misses for the Real Estate Week of May 20-24

by Phil Hall | May 24, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
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