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Report: Fewer Canadians View Renting as a Stepping Stone to Homeownership
“The idea that renters are young, mobile, and just passing through no longer holds true,” says Viler Lika, founder and CEO of SingleKey. Continue Reading Report: Fewer Canadians View Renting as a Stepping Stone to Homeownership
Report: Fewer Canadians View Renting as a Stepping Stone to Homeownership
“The idea that renters are young, mobile, and just passing through no longer holds true,” says Viler Lika, founder and CEO of SingleKey. Continue Reading Report: Fewer Canadians View Renting as a Stepping Stone to Homeownership
A Phil Hall Op-Ed: Charlie Kirk and the Housing Market
A Phil Hall Op-Ed: During the final weeks of his too-short life, Charlie Kirk raised several red flags about the state of the housing market. His messaging deserves to be heard again. In July, Kirk used an appearance on Fox News to raise a taboo subject that neither...
Mortgage Rates Drop to 11-Month Low
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11, its lowest level since last October. According to the Primary Mortgage Market Survey (PMMS) published by Freddie Mac (OTCQB: FMCC), this week’s mortgage rate is down from last week when it averaged 6.50%....
Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
A total of 35,697 residential properties had foreclosure filings in August, down 1% from July but up 18% year-over-year. “August marked the sixth consecutive month of year-over-year increases in US foreclosure activity and the third straight month with double-digit...
NEWS & CURRENT EVENTS
Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Miran replaces Adriana Kugler, who last week abruptly announced she would be stepping down from the board, effective Aug. 8. Continue Reading Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
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Brookfield Pays $1.6 Billion for Two Japanese Properties
“You’re going to see us doing a lot more in Japan,” said Brookfield’s Andrew Burych. Continue Reading Brookfield Pays $1.6 Billion for Two Japanese Properties
EQT Real Estate Buys 12-Building Logistics Assemblage in Italy
The properties hold an average building age of 10 years and feature Grade A technical specifications. Continue Reading EQT Real Estate Buys 12-Building Logistics Assemblage in Italy
Hits and Misses for the Real Estate Week of Jan. 20-24
The unlikely blame for a mansion’s lack of buyers, AREA’s first local chapter and a grim forecast on Los Angeles’ housing market. Continue Reading Hits and Misses for the Real Estate Week of Jan. 20-24
Florida Home Sales Down Nearly 2% in 2024
For December, Florida recorded 20,784 closed sales of single-family homes, up 12.8% from the prior year. Continue Reading Florida Home Sales Down Nearly 2% in 2024
Forecast: Construction Industry Needs 439,000 Workers in 2025
A new forecast by the Associated Builders and Contractors (ABC) is estimating that an estimated 439,000 net new workers are needed this year to meet anticipated demand for construction services. The forecast also predicted the construction industry will need to bring...
Wyoming Lawmakers Consider Property Tax Exemption for Gold Star Families
Traditionally, the property tax exemption was only extended to a surviving spouse. Continue Reading Wyoming Lawmakers Consider Property Tax Exemption for Gold Star Families
Liberty SBF Launches $100 Million Real Estate Credit Fund
The fund intends to make quarterly income distributions and expects to return investor capital within four years. Continue Reading Liberty SBF Launches $100 Million Real Estate Credit Fund
Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary
Warren said she could not support Turner without first seeing his FBI background check. Continue Reading Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary
Existing Home Sales Up in December
First-time buyers were responsible for 31% of sales in December. Continue Reading Existing Home Sales Up in December
California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
The real estate agent was not identified by Bonta’s office, although media reports identified him as Mike Kobeissi of Kobeissi Properties. Continue Reading California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
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