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Dave McKinstray to Become SVP and CFO at Champion Homes
McKinstray most recently served as senior vice president and chief financial officer at WK Kellogg. Continue Reading Dave McKinstray to Become SVP and CFO at Champion Homes
Dave McKinstray to Become SVP and CFO at Champion Homes
McKinstray most recently served as senior vice president and chief financial officer at WK Kellogg. Continue Reading Dave McKinstray to Become SVP and CFO at Champion Homes
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
Commercial and Multifamily Mortgage Debt Outstanding Increased During Q2
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
Michael Bailey Promoted to CEO at Zeman Homes
Prior to joining Zeman Homes last June, Bailey spent over a decade with Equity Lifestyle Properties. Continue Reading Michael Bailey Promoted to CEO at Zeman Homes
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
During July, homes marketed as fixer-uppers came with a median list price tag of just $200,000, which is 54% below the $436,250 median for all single-family homes. Continue Reading Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
The plaintiff, who was not publicly identified, is seeking class-action status for the lawsuit that will include financial compensation of up to $25,000 a person. Continue Reading Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
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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.
Federal Reserve Leaves Rates Unchanged
The Fed stated it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. Continue Reading Federal Reserve Leaves Rates Unchanged
Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
The median home sale price rose 4.1% year-over-year to $600,964 during the four weeks ending April 27. Continue Reading Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
72% of respondents said it is a bad time to buy a house and 26% say it is a good time. Continue Reading Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
Lennar Opens New 55+ Master-Planned Community in South Carolina
Pricing ranges from the mid $300,000s to low $600,000s. Continue Reading Lennar Opens New 55+ Master-Planned Community in South Carolina
FHFA’s Pulte Reveals North Korean and Chinese Nationals Working in the GSEs
It is unclear how these foreign agents were employed. Continue Reading FHFA’s Pulte Reveals North Korean and Chinese Nationals Working in the GSEs
No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Carrey acquired the property in 1994 for $3.8 million and listed it in February 2023 for nearly $29 million. Continue Reading No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Mortgage Application Activity Rebounds with 11% Upswing
The seasonally adjusted Purchase Index increased 11% from one week earlier while the unadjusted index was 12% higher. Continue Reading Mortgage Application Activity Rebounds with 11% Upswing
Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
Median home prices have approached or exceeded $600,000 in some of the state’s markets. Continue Reading Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
Disney to Open First Middle East Theme Park in Abu Dhabi
The announcement did not include a timeline on construction and completion. Continue Reading Disney to Open First Middle East Theme Park in Abu Dhabi
A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?
Will GOP members of Congress withstand pressure from multiple fronts opposed to the president’s agenda? Continue Reading A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?
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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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