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Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Fathom Holdings Acquires Start Real Estate
The real estate services platform Fathom Holdings Inc. (NASDAQ: FTHM) has acquired Start Real Estate, a residential brokerage focused on first-time homebuyers. Headquartered in Colorado, with recent expansion into Utah, Start Real Estate's 70 agents are expected to...
New Home Purchase Mortgage Applications Up 2% in September
Mortgage applications for new home purchases increased 2% in September compared to one year earlier, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications declined by 5%. The MBA estimated new single-family home...
FHFA Seeks Input on Strategic Plan for FY 2026-2030
The Federal Housing Finance Agency (FHFA) has put out a call for public input on its proposed Strategic Plan for Fiscal Years 2026–2030. The agency stated it is seeking ideas and feedback on three strategic goals: the oversight of Fannie Mae and Freddie Mac, the...
NEWS & CURRENT EVENTS
Mortgage Application Payment Levels Down in August
The national median mortgage payment for conventional loan applicants was $2,112, down from $2,160 in July. Continue Reading Mortgage Application Payment Levels Down in August
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. Continue Reading Mortgage Rates Inch Up Slightly
Existing Home Sales Remain Flat
“Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Remain Flat
Report: Housing in Q3 Grows Less Affordable Across Most of the Country
The nation hit a new record high median home price of $375,000 in the third quarter. Continue Reading Report: Housing in Q3 Grows Less Affordable Across Most of the Country
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San Francisco’s Market Center Complex Sold at a Steep Discount
The property, which consists of adjacent 22-story and 40-story towers on Market Street, were 44% leased as of April. Continue Reading San Francisco’s Market Center Complex Sold at a Steep Discount
Chicago Fire to Build $650 Million Soccer Stadium Without Public Funding
The Chicago White Sox expressed interest in the site but demanded $1 billion in public funding to cover the development costs. Continue Reading Chicago Fire to Build $650 Million Soccer Stadium Without Public Funding
Oceanfront Oregon Hotel Listed for Sale
The hotel was built in 1966 and spans nearly 2.5 acres across five buildings, with 900 feet of exclusive beachfront access. Continue Reading Oceanfront Oregon Hotel Listed for Sale
Real Estate Agency Slammed for Offering Week’s Free Rent in Exchange for 5-Star Google Reviews
Oddly, the business did not suffer from bad reviews – it enjoyed an average rating of 4.8 stars from 851 reviews prior to the story going live. Continue Reading Real Estate Agency Slammed for Offering Week’s Free Rent in Exchange for 5-Star Google Reviews
Douglas Elliman to Expand Globally
“Elliman International represents the natural progression of our legacy as America’s premier luxury real estate brokerage now becoming global,” said President and CEO Michael S. Liebowitz. Continue Reading Douglas Elliman to Expand Globally
Platform Ventures Launches Multifamily Development Unit
The company “believes multifamily housing offers a blend of stability, income generation, and long-term growth potential.” Continue Reading Platform Ventures Launches Multifamily Development Unit
Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Progressive is also introducing The UpPayment program, a down payment assistance program that will provide a $13,500 grant towards the purchase of a home to up to 100 qualified applicants. Continue Reading Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Early 18th Century Brooklyn Farmhouse to Become Museum
The house was part of the Underground Railroad system that sheltered enslaved people fleeing from the South. Continue Reading Early 18th Century Brooklyn Farmhouse to Become Museum
Texas Legislature Passes Property Tax Relief Bills
The property tax relief bills are part of a 1,056-page, $338 billion two-year budget. Continue Reading Texas Legislature Passes Property Tax Relief Bills
Report: $17.6 Trillion in Q1 Home Equity
The new data report also found the average introductory rate on second lien HELOCs dropped below 7.5% in March. Continue Reading Report: $17.6 Trillion in Q1 Home Equity
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