Current News & Events
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Newsom did not publicly comment on the lawsuit. Continue Reading Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Hits and Misses for the Real Estate Week of July 10-14
NAR did not explain why it donated $125,000 to a candidate running for mayor of Missoula, Montana. Continue Reading Hits and Misses for the Real Estate Week of July 10-14
Canadian Home Sales Up in June
The national average home price (not seasonally adjusted) was $709,218 in June 2023. Continue Reading Canadian Home Sales Up in June
Barbara Corcoran Gives TikTok Tour of Her Luxury Mobile Home
“As beautiful as my New York City penthouse is over the park with all this space, it does not have an ocean,” she said. Continue Reading Barbara Corcoran Gives TikTok Tour of Her Luxury Mobile Home
Jim Fraser Named Chief Operating Officer at Anchor Loans
Fraser joins Anchor from Built Technologies Inc, a provider of construction-finance software, where he was senior vice president for commercial real estate lending solutions. Continue Reading Jim Fraser Named Chief Operating Officer at Anchor Loans
Terra Property Trust Reaffirms Plan to Merge with Western Asset Mortgage Capital
“TPT believes that its proposed combination with WMC represents the most compelling transaction for stockholders of WMC,” said the company. Continue Reading Terra Property Trust Reaffirms Plan to Merge with Western Asset Mortgage Capital
St. Louis Fed Chief Bullard to Step Down
Kathleen O’Neill Paese, the St. Louis Fed’s first vice president and chief operating officer, will assume the duties of interim president and CEO. Continue Reading St. Louis Fed Chief Bullard to Step Down
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
“The Biden administration is making homeownership more difficult for everyday Americans,” said Sen. Braun. Continue Reading New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
New Platform Helps Farmers Gather Data for Ag Land Purchases
“Land is the most vital asset to farming operations,” said Dan English, general manager of FBN Finance. Continue Reading New Platform Helps Farmers Gather Data for Ag Land Purchases
Mortgage Rates Rise to Just Under 7%
“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise to Just Under 7%
Ex-CEO Mark Willis Returns to Keller Williams as Strategic Consultant
“No one cares more about the agent than Keller Williams,” said Willis. Continue Reading Ex-CEO Mark Willis Returns to Keller Williams as Strategic Consultant
