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Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 30-year fixed-rate mortgage averaged 6.56% as of Aug. 28, according to the latest Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC). The latest reading is down from last week when it averaged 6.58%. A year ago at this time, it averaged 6.35%....
Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him
The battle for control of the Federal Reserve Board of Governors continued on multiple fronts this morning as Fed Gov. Lisa Cook sued President Trump for his attempt to fire her while Federal Housing Finance Agency Director Bill Pulte claimed he is going to be a...
Pending Home Sales Down 0.4% in July
Pending home sales during July were down by 0.4% month-over-month but were up 0.7% year-over-year, according to the National Association of Realtors (NAR). On a regional basis, pending sales were down in the Northeast and Midwest from June into July, but were up in...
NEWS & CURRENT EVENTS
Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud
“There will be accountability for this blatantly false story,” Paxton wrote online. Continue Reading Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud
Flood Insurance Relief Legislation Reintroduced in Congress
The bill’s proposed deduction would not apply to individuals who have a gross income of more than $200,000 or $400,000 for joint filers. Continue Reading Flood Insurance Relief Legislation Reintroduced in Congress
Deltec Homes Debuts New Hurricane-Resistant Housing Model
“We set out to create a smaller home that delivers world-class resilience and a truly elevated living experience,” said Meg Gore, CEO of Deltec Homes. Continue Reading Deltec Homes Debuts New Hurricane-Resistant Housing Model
USDA to Relocate Majority of Staff and Vacate DC Office Space
Employees will be relocated to Raleigh, Kansas City, Indianapolis, Salt Lake City and Fort Collins, Colorado. Continue Reading USDA to Relocate Majority of Staff and Vacate DC Office Space
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Two British Columbia Realtors Fined Over Self-Identification in Social Media Accounts
Both realtors sought to appeal their fines but were rejected by the regulator. Continue Reading Two British Columbia Realtors Fined Over Self-Identification in Social Media Accounts
Structural Demolition Begins on RFK Stadium
RFK Stadium has fallen into disrepair and not been used since 2019 Continue Reading Structural Demolition Begins on RFK Stadium
Mortgage Credit Availability Inched Up in December
The MBA’s Mortgage Credit Availability Index (MCAI) was up by 0.7% to 96.6. Continue Reading Mortgage Credit Availability Inched Up in December
New Platform Seeks to Expand Real Estate Investing in South Africa
RESCI claims that its deals “typically offer a minimum of 10% interest per year over a 20-year bond term.” Continue Reading New Platform Seeks to Expand Real Estate Investing in South Africa
Hits and Misses for the Real Estate Week of Jan. 6-10
A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. Continue Reading Hits and Misses for the Real Estate Week of Jan. 6-10
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
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