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New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
Ten years ago, it took Quebec buyers about three years to save for the down payment, whereas it now takes five years. Continue Reading New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
Ten years ago, it took Quebec buyers about three years to save for the down payment, whereas it now takes five years. Continue Reading New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
91-Unit Rental Home Community Opens in Edmonton
A new 91-unit rental home community has opened in Edmonton, Alberta. The Parkside North Townhomes were built on the former military base Griesbach Barracks. The development was funded with $44.9 million provided by Canada’s federal government, Canada Lands and the...
Mortgage Rates Take Another Tumble
Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16, down from last week when it averaged 6.30%. A year ago at this...
Builder Confidence Rises Despite Market Challenges
There was a new rush of optimism in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which found builder confidence at a 37 level, up five points from September and the highest reading since April. Readings over 50...
NEWS & CURRENT EVENTS
Report: DOJ to Press Ahead with Letitia James Mortgage Fraud Case
The case is still active within the US Attorney’s Office for the Eastern District of Virginia. Continue Reading Report: DOJ to Press Ahead with Letitia James Mortgage Fraud Case
Mortgage Application Activity Records Slight Uptick
Among the federal programs, the FHA share of total applications decreased to 15.7% from 16.3% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
Ex-Pennsylvania Township Tax Collector Pleads Guilty to Embezzling Property Taxes
Karen McGinnis pleaded guilty to one count of embezzlement of public funds. Continue Reading Ex-Pennsylvania Township Tax Collector Pleads Guilty to Embezzling Property Taxes
Ex-Calgary Realtor Behind Ponzi Scheme Banned from Alberta’s Real Estate Industry
Eric Drinkwater was licensed with RE/MAX Central since 2005. Continue Reading Ex-Calgary Realtor Behind Ponzi Scheme Banned from Alberta’s Real Estate Industry
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Nora Creedon Named CEO at Starwood Real Estate Income Trust
She will succeed Sean Harris who is stepping down to pursue other opportunities. Continue Reading Nora Creedon Named CEO at Starwood Real Estate Income Trust
Bastyr University Plans to Sell Seattle-Area Campus
Once a full or partial sale occurs, Bastyr University plans to relocate to a new campus in the Seattle area. Continue Reading Bastyr University Plans to Sell Seattle-Area Campus
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
The sellers acquired the property in 2012 for $200,000 and spent $800,000 in renovations and updates to the residence, which was built in 1950. Continue Reading Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion
The acquisition announcement was not accompanied by news of potential store closings. Continue Reading Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion
Study: Abandoned Residential Properties Could be Worth Over $150 Billion
The so-called “zombie foreclosures” numbered over 7,000 as of the end of the fourth quarter of 2024. Continue Reading Study: Abandoned Residential Properties Could be Worth Over $150 Billion
Construction Begins on 42-Unit Boston Affordable Housing Community
Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Continue Reading Construction Begins on 42-Unit Boston Affordable Housing Community
Bank of America to Open 150 New Financial Centers
The bank opened a new flagship financial center at 2 Bryant Park in New York City. Continue Reading Bank of America to Open 150 New Financial Centers
Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Gov. Mike DeWine opposes this initiative. Continue Reading Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
California Approves 17% Rate Hike by State Farm
The rate increase is lower than the insurer’s request for a 21.8% hike. Continue Reading California Approves 17% Rate Hike by State Farm
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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