Current News & Events
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations
Staccato Powell pleaded guilty to wire fraud, mail fraud, conspiracy to commit wire fraud and mail fraud as part of a scheme to gain control of church properties via forged documents and false statements. Continue Reading Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations
White House Demands Access to Fed HQ Renovation Site
The president has sent mixed signals on whether he wants to dismiss the central bank chief. Continue Reading White House Demands Access to Fed HQ Renovation Site
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
The average loan size for new homes decreased from $379,209 in May to $376,077 in June. Continue Reading Mortgage Applications on New Home Purchases Up 8.5% from Last Year
San Diego’s Coastline Real Estate Group Joins Real Brokerage
The 13-agent Coastline Real Estate Group team has sold more than $200 million in home sales since 2021. Continue Reading San Diego’s Coastline Real Estate Group Joins Real Brokerage
Canadian Housing Starts Up Slightly
Vancouver recorded a 74% increase in starts this month while Montreal posted an 8% year-over-year decrease and Toronto experienced a 40% year-over-year decrease. Continue Reading Canadian Housing Starts Up Slightly
Realtors Relief Foundation Allocates $500,000 to Help Texas Flooding Victims
exas Realtors will distribute the RRF grant among eight local associations. Continue Reading Realtors Relief Foundation Allocates $500,000 to Help Texas Flooding Victims
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
Mortgage Fraud Charges Against Schiff Referred to Justice Department
The case of alleged mortgage fraud by Sen. Adam Schiff (D-CA) has been referred to the Department of Justice (DOJ) for criminal prosecution. Fox News reports that Bill Pulte, director of the Federal Housing Finance Agency (FHFA), sent a letter to Attorney General Pam...
John Hancock’s Boston Home Listed for Sale
The property is currently being used as a law office, and pricing information is available upon request. Continue Reading John Hancock’s Boston Home Listed for Sale
