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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
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
Zeman Homes, the Chicago-headquartered owner-operator of manufactured home communities, has promoted Executive Vice President Michael Bailey to CEO. Bailey will replace interim CEO Jeff Fannon, who returns to his previous post as vice chairman. Prior to joining Zeman...
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homes that are listed as fixer-uppers receive 52% more page views per property than comparable older, affordable homes, according to a data analysis report by Realtor.com. The typical fixer-upper has three bedrooms, two bathrooms and was built in 1958. These homes had...
NEWS & CURRENT EVENTS
Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
University of Pittsburgh is placing 250 students in a Hampton Inn while Point Park University is housing 90 students at a Wyndham Grand. Continue Reading Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
Trump on Fed Governor Accused of Mortgage Fraud: ‘I’ll Fire Her if She Doesn’t Resign’
There is no precedent for president firing a Federal Reserve governor. Continue Reading Trump on Fed Governor Accused of Mortgage Fraud: ‘I’ll Fire Her if She Doesn’t Resign’
Virginia Home Sales Up 2.4%
The statewide median sales price in July was $435,000, a $9,000 increase for a 2.1% year-over-year bump-up. Continue Reading Virginia Home Sales Up 2.4%
Construction Costs on New Las Vegas Baseball Stadium Rises to $2 Billion
The new stadium will receive $350 million in public financing, with the team absorbing the remaining costs on the project. Continue Reading Construction Costs on New Las Vegas Baseball Stadium Rises to $2 Billion
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BGIS CEO Gordon Hicks Awarded the King Charles III Coronation Medal
The medal celebrates Canadians who have made a significant contribution to Canada or an outstanding achievement abroad that brings credit to Canada. Continue Reading BGIS CEO Gordon Hicks Awarded the King Charles III Coronation Medal
A Phil Hall Op-Ed: Taking a New Look at the Community Reinvestment Act
Editor Phil Hall considers the role of the Carter-era legislation in today’s financial services industry. Continue Reading A Phil Hall Op-Ed: Taking a New Look at the Community Reinvestment Act
Real Estate Agent Starts Effort to Recall LA Mayor Bass
Sahil Nandwani is a donor to the state Republican Party. Continue Reading Real Estate Agent Starts Effort to Recall LA Mayor Bass
Report: HUD Cuts Grants to Nonprofits Investigating Fair Housing Complaints
Nearly half of the 162 active grants going to the nonprofits are slated for cancellation. Continue Reading Report: HUD Cuts Grants to Nonprofits Investigating Fair Housing Complaints
BlackRock Acquires Panama Canal Ports for $23 Billion
he Hong Kong-based CK Hutchison is selling the ports. Continue Reading BlackRock Acquires Panama Canal Ports for $23 Billion
Guten Tag, Miami! Germany Tops List of International Property Seekers Aimed at South Florida
Buyers from Argentina purchased the most South Florida real estate among foreign countries in 2024. Continue Reading Guten Tag, Miami! Germany Tops List of International Property Seekers Aimed at South Florida
Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
The organizations argued the regulations have created more problems than solutions. Continue Reading Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business
Sanderson succeeds Nick Campbell, who has been promoted to senior credit officer. Continue Reading J. Blake Sanderson to Lead First Internet Bank’s Commercial Real Estate Business
$2 Billion Construction Loan Originated for Utah AI Data Center
The new data center is designed to provide 175 megawatts of continuous power. Continue Reading $2 Billion Construction Loan Originated for Utah AI Data Center
Former RE/MAX Executive Larry Oberly Teams with Realty One Group on Global Franchise Expansion
“This is just the beginning of our massive efforts to paint the globe gold,” said Kuba Jewgieniew, CEO and founder. Continue Reading Former RE/MAX Executive Larry Oberly Teams with Realty One Group on Global Franchise Expansion
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