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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
5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million
A five-unit multifamily property in Norwalk, Connecticut, that was constructed in 1900 has been sold for $1.7 million, or $342,000 per unit. The three-story property at 2 Park Street encompasses four oversized one-bedroom units and one oversized loft studio totaling...
Trump Seeks Appeals Court to Enable Firing of Lisa Cook by Monday
The Trump administration is seeking to have an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday. The Associated Press reports the administration’s request is an attempt to exclude Cook from the central bank’s next vote on...
Commercial Mortgage Delinquencies Up During Q2
Commercial mortgage delinquencies were on the rise during the second quarter, according to data from the Mortgage Bankers Association (MBA). Based on the unpaid principal balance of loans, the MBA reported the following second quarter delinquency rates based on...
NEWS & CURRENT EVENTS
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...
Kolter Homes Unveils New Gated Community in Florida
Scheduled to open in the summer, the homes at The Cove at Park Trace will feature single-story floor plans with two to five bedrooms. Continue Reading Kolter Homes Unveils New Gated Community in Florida
Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
“I now live in Florida because of Elizabeth Warren,” said the “Shark Tank” star. Continue Reading Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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Living Realty Joins Keller Williams
Since Jan. 1, 2023, Living Realty has sold more than $1.1 billion in real estate. Continue Reading Living Realty Joins Keller Williams
IMF Warns of Housing Affordability Crisis in The Bahamas
The study went one step further by questioning what the local population is being paid. Continue Reading IMF Warns of Housing Affordability Crisis in The Bahamas
Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison
Seth Adam Depiano was sentenced in 2018 to more than 12 years in prison for running a $24 million fraud scheme. Continue Reading Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison
State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
“We are putting tens of millions of dollars back into customers’ hands,” the company said. Continue Reading State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
California Home Sales Up Nearly 20% Year-Over-Year
The December statewide median price of $861,020 was up by 1% from November’s price of $852,880. Continue Reading California Home Sales Up Nearly 20% Year-Over-Year
Appraisal Foundation Seeks Candidates for Board of Trustees
The board meets twice a year and trustees are reimbursed for travel expenses only. Continue Reading Appraisal Foundation Seeks Candidates for Board of Trustees
Hits and Misses for the Real Estate Week of Jan. 13-17
New leaders for the FHFA and HUD, the status quo at the CFPB and State Farm staying out of the TV spotlight. Continue Reading Hits and Misses for the Real Estate Week of Jan. 13-17
HUD Charges Texas Homeowners Association with Discrimination
The Charge alleged that Providence Homeowners Association twice enacted these rules to reduce the number of Black families in the town. Continue Reading HUD Charges Texas Homeowners Association with Discrimination
Clear Investment Group Acquires DC-Based Multifamily Complex
The financial terms of the acquisition were not disclosed. Continue Reading Clear Investment Group Acquires DC-Based Multifamily Complex
Developers Propose Building Tallest-Ever American Skyscraper in NYC
The project, dubbed 175 Park Avenue, would rise 1,575 feet tall and cost as much as $6.5 billion. Continue Reading Developers Propose Building Tallest-Ever American Skyscraper in NYC
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