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Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
The survey found that 65.3% of Indiana districts already reduced or will reduce support staff, while 55.8% have already reduced or will reduce teaching staff. Continue Reading Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
The survey found that 65.3% of Indiana districts already reduced or will reduce support staff, while 55.8% have already reduced or will reduce teaching staff. Continue Reading Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
Mortgage Rates Inch Up Again
Mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6, up from last week when it averaged 6.17%. A year ago at this time, it averaged 6.79%. The...
Foundation Mortgage Names Samuel Bjelac as SVP for National Sales, TPO
Miami Beach-based Foundation Mortgage has hired Samuel Bjelac as senior vice president, national sales, third-party origination. Bjelac most recently served in the same position at Carrington Mortgage Services. Previously, he held senior leadership roles at...
Report: Real Estate Investors Will Pay Up to 35% Above the Median Sales Price
Investors are continuing to make their impact felt in both high-end and affordable housing markets, according to Realtor.com's Investor Report Mid-Year Update. While overall home sales declined 4.2% year-over-year in the second quarter, investor purchases fell by only...
NEWS & CURRENT EVENTS
Existing Home Sales Up 1.5% in September
The median existing home price for all housing types was $415,200, up 2.1% from the $406,700 recorded one year earlier. Continue Reading Existing Home Sales Up 1.5% in September
Mortgage Rates Are Falling Again
The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23. Continue Reading Mortgage Rates Are Falling Again
Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
The stadium will anchor the proposed mixed-use Walton & One development, formerly known as City Center. Continue Reading Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property
“I think it’s a good idea – it’s a good purchase,” said Mayor Daniel Rodrick. “I thought they would be willing sellers.” Continue Reading NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property
Flyhomes Raises $15 Million in Series D Funding
According to the company, the newly raised capital will be used to expand Flyhomes’ Buy Before You Sell program nationwide. Continue Reading Flyhomes Raises $15 Million in Series D Funding
Federal Reserve Holds Rates in Place
Fed governors Michelle W. Bowman and Christopher J. Waller argued to lower the rate by one-quarter percentage point. Continue Reading Federal Reserve Holds Rates in Place
Bank of Canada Holds Rates Steady
The Bank of Canada added that CPI inflation was 1.9% in June, up slightly from the previous month. Continue Reading Bank of Canada Holds Rates Steady
Arizona’s JBRE & Co. Joins The Real Brokerage
Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in sales in 2025. Continue Reading Arizona’s JBRE & Co. Joins The Real Brokerage
Compass Expands in North Carolina with Addition of Cottingham Chalk
Cottingham Chalk’s 70 agents closed $589 million in sales volume during 2024. Continue Reading Compass Expands in North Carolina with Addition of Cottingham Chalk
Rental Housing Developer Sunstone Two Tree Opens Phoenix Office
The new office joins the company’s Westlake Village, California-based headquarters. Continue Reading Rental Housing Developer Sunstone Two Tree Opens Phoenix Office
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
“The American dream of homeownership is not a reality for many young people,” said Sen. Cynthia Lummis. Continue Reading New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
Pending Home Sales Down During June
The Northeast recorded a 2.1% uptick in pending home sales from May but remained unchanged from June 2024. Continue Reading Pending Home Sales Down During June
Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
John McMickle of North South Government Strategies started work last week as a FICO lobbyist. Continue Reading Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
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