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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
169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
Corcoran Group Announces First Franchise in New Mexico
Corcoran Group LLC announced its first New Mexico franchise with the launch of Corcoran Plaza Properties. Located in Santa Fe and led by Broker/Owner and CEO Rob Thorwald, the firm will serve clients across the New Mexico capital city and in the surrounding areas up...
Kendra Newman Named General Counsel at Keller Williams
Austin-headquartered Keller Williams Realty LLC (KW) has promoted Kendra Newman to general counsel. Newman joined KW in August 2021 as vice president and deputy general counsel. Previously, she served as senior vice president and senior associate general counsel at...
NEWS & CURRENT EVENTS
Hits and Misses for the Real Estate Week of Sept. 1-5
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. Continue Reading Hits and Misses for the Real Estate Week of Sept. 1-5
Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
“America cannot build ‘affordable housing’ at enough scale to offset this,” he said. Continue Reading Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
The city’s Department of Records found 111 cases of deed fraud last year. Continue Reading Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events
Detroit is one of the few large cities that does not charge admission taxes on events. Continue Reading Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events
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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.
A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Why is freshman Rep. Pat Harrington raising concerns over GNC stores on US military bases? Continue Reading A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Legacy Park opened in January 2022, but within months it failed to generate enough revenue to make the monthly bond payments. Continue Reading Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Knightvest Capital Names Madison Tappan Chief Investment Officer
Tappan will oversee Knightvest’s acquisition strategy and lead efforts to expand the firm’s multifamily portfolio in key Sun Belt markets. Continue Reading Knightvest Capital Names Madison Tappan Chief Investment Officer
KeyBank Debuts Grant Program for Community Development Financial Institutions
The KeyBank Foundation intends to award one $200,000 grant to an exemplary CDFI in each of the bank’s 27 markets. Continue Reading KeyBank Debuts Grant Program for Community Development Financial Institutions
Former Kraken Executives Buy Majority Stake in Janover
Janover’s founder Blake Janover will remain on the board. Continue Reading Former Kraken Executives Buy Majority Stake in Janover
New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
“We’ve come together as a coalition with a plan to protect Canadians and build a resilient housing system,” said Tim Richter, president of the Canadian Alliance to End Homelessness. Continue Reading New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
Nine Big Lots Stores to Reopen This Week
The reopened stores include three locations in Tennessee and single locations across Kentucky, Louisiana, Mississippi and North Carolina. Continue Reading Nine Big Lots Stores to Reopen This Week
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The property was completed and offers a mix of studios, one-, two- and three-bedroom units. Continue Reading The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
The transaction marks the second time Neighborhood Ventures purchased a distressed property and the first in foreclosure. Continue Reading Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
Long Vacant Historic NYC Theater Acquired with State Grants
New York Gov. Kathy Hochul took credit for helping to finance the acquisition. Continue Reading Long Vacant Historic NYC Theater Acquired with State Grants
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