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Mortgage Rates Rise for Second Straight Week
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Report: One in Five Homes Had Price Reductions in September
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
CMBS Delinquency Rate Falls After 6 Months of Increases
The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...
NEWS & CURRENT EVENTS
Bright MLS Joins Georgia and Florida Listing Services in Data Sharing Partnership
In this partnership, subscribers in the three services will not need separate logins or memberships to access each other’s listings. Continue Reading Bright MLS Joins Georgia and Florida Listing Services in Data Sharing Partnership
Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Pricing ranges from $975,000 to $2.8 million. Continue Reading Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
“I think that property taxes have pinched a lot of people, and I think we got to do something about it,” DeSantis said. Continue Reading Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
Memphis, Detroit, and Baltimore Top List of Cities with Highest Crime Rates
Washington, DC, placed tenth on the FBI’s list. Continue Reading Memphis, Detroit, and Baltimore Top List of Cities with Highest Crime Rates
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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.
New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers
Canada is dealing with a population that swelled by 17.4% between 2006 and 2021. Continue Reading New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers
Democrat Lawmakers Demand Removal of Elon Musk’s DOGE From CFPB HQ
“Your efforts to dismantle the CFPB are dangerous, and we will fight them at every turn,” the lawmakers stated. Continue Reading Democrat Lawmakers Demand Removal of Elon Musk’s DOGE From CFPB HQ
Indiana Developer Sentenced for Real Estate Fraud Scheme
In addition to the prison term, Whalen was sentenced to three years of supervised release. Continue Reading Indiana Developer Sentenced for Real Estate Fraud Scheme
Trump Nominates Jonathan McKernan to Become CFPB Director
McKernan stepped down from the board of directors of the Federal Deposit Insurance Corporation to be considered for the CFPB directorship. Continue Reading Trump Nominates Jonathan McKernan to Become CFPB Director
Mortgage Application Activity, Credit Availability on the Rise
The MBA’s Mortgage Credit Availability Index (MCAI) rose by 2.5% to 99.0 in January Continue Reading Mortgage Application Activity, Credit Availability on the Rise
Zillow and Redfin Partner on Multifamily Rental Listings
“We believe it will increase our overall traffic,” said Redfin CEO Glenn Kelman. Continue Reading Zillow and Redfin Partner on Multifamily Rental Listings
Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
Multifamily lending alone is expected to rise to $361 billion this year. Continue Reading Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
January Foreclosure Activity Up 8% Month-Over-Month
Lenders started the foreclosure process on 20,994 properties in January. Continue Reading January Foreclosure Activity Up 8% Month-Over-Month
Honolulu Real Estate Developer Indicted for Illegal Campaign Contributions
False Name Contribution is a class C felony offense punishable by up to five years in prison and a $10,000 fine. Continue Reading Honolulu Real Estate Developer Indicted for Illegal Campaign Contributions
Mid-Atlantic Home Sales Up in January
As for the cost of housing, the region’s $390,000 median sold price marked a 5.4% year-over-year upswing. Continue Reading Mid-Atlantic Home Sales Up in January
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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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