Current News & Events
New Home Purchase Mortgage Applications Up 3.1% in November
The average loan size for new homes decreased from $381,404 in October to $378,063 in November. Continue Reading New Home Purchase Mortgage Applications Up 3.1% in November
New Report Names Detroit as America’s Neediest City
“The city has the third-highest share of households lacking complete plumbing facilities and the 10th-highest share lacking complete kitchen facilities,” the report said. Continue Reading New Report Names Detroit as America’s Neediest City
July New Home Purchase Mortgage Applications Up 35.5%
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
Mixed Picture in July for Canadian Housing Market
The actual (not seasonally adjusted) national average home price was $668,754, up 6.3% from July 2022. Continue Reading Mixed Picture in July for Canadian Housing Market
Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
Redfin determined the average teacher can only afford 27% of available rentals within commuting distance of their school. Continue Reading Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
NNN REIT Promotes Jonathan A. Adamo to EVP of Portfolio Operations
Adamo joined NNN in April 2003 and currently serves as senior vice president and head of portfolio operations. Continue Reading NNN REIT Promotes Jonathan A. Adamo to EVP of Portfolio Operations
Realty One Group Sells Franchise Rights for Belize
Sergio E. Gonzalez, the regional owner of Realty One Group Central America and Western Caribbean, is the franchisor’s new partner. Continue Reading Realty One Group Sells Franchise Rights for Belize
Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
The FHFA issued a statement saying it would review the verdict and determine how to proceed. Continue Reading Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
“With this resolution, UBS will pay for its conduct related to its underwriting and issuance of residential mortgage-backed securities,” said U.S. Attorney Breaon Peace. Continue Reading UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
SBA Offering First Disaster Loans Under Rural Communities Act
Businesses and residents affected by recent disasters in Alabama, Nevada, and California are now eligible for low-interest SBA disaster loans. Continue Reading SBA Offering First Disaster Loans Under Rural Communities Act
University president to step down following student housing shortage
Tennessee Comptroller Jason Mumpower said the housing issue was “only a symptom of a much larger management problem.” Continue Reading University president to step down following student housing shortage
A Phil Hall Op-Ed: Biden’s ‘No Comment’ on the Maui Death Toll
Press secretary Karine Jean-Pierre insisted the president is not indifferent and elusive. Continue Reading A Phil Hall Op-Ed: Biden’s ‘No Comment’ on the Maui Death Toll
