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Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%
Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%
Ex-Calgary Realtor Behind Ponzi Scheme Banned from Alberta’s Real Estate Industry
A former Calgary realtor who acknowledged running a Ponzi scheme that defrauded dozens of people out of more than $3.5 million has been banned for life from working in Alberta’s real estate industry. The Calgary Herald reports Eric Drinkwater received his permanent...
Virginia Home Sales Hold Steady Amid Surge in New Listings
A total of 9,423 homes were sold statewide in Virginia during August just 15 more than one year before, marking a scant 0.2% uptick. According to data from Virginia Realtors, August also saw 24,606 active listings statewide, a 26.2% surge from last year. Nearly 13,000...
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Households that heat their residences with electricity could see a 10.2% increase in their winter heating bills to an average of $1,205 this year, up from $1,093 last winter. According to a forecast from the National Energy Assistance Directors Association (NEADA),...
NEWS & CURRENT EVENTS
Hits and Misses for the Real Estate Week of Aug. 11-15
The Treasury Secretary makes and rescinds demands, Playboy moves its headquarters out of Los Angeles, and New York City’s worst hotel closes. Continue Reading Hits and Misses for the Real Estate Week of Aug. 11-15
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Expert opinions are divided on the issue. Continue Reading Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Detroit City FC Will Pay Property Taxes on New Soccer Stadium
“It’s a true civic endeavor that puts our values into action in the most sizable way to date so far,” said CEO Sean Mann. Continue Reading Detroit City FC Will Pay Property Taxes on New Soccer Stadium
Connecticut Cities Increase Fines Against Landlords with Blighted Properties
New Haven and Waterbury are fighting blight in their neighborhoods. Continue Reading Connecticut Cities Increase Fines Against Landlords with Blighted Properties
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Texas Developer Nate Paul Ends Fraud Case with Guilty Plea
Paul was initially indicted in June 2023 on eight counts of bank fraud. Continue Reading Texas Developer Nate Paul Ends Fraud Case with Guilty Plea
Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University
The program offers a three-credit undergraduate course on residential mortgage origination and processing. Continue Reading Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University
Jenny Coupland Named CEO of Visio Lending
She replaces co-founders CEO Jeff Ball and President Matt Matza upon their recent retirements. Continue Reading Jenny Coupland Named CEO of Visio Lending
Report: Mauricio Umansky Slapped with $20,000 in Tax Liens
Prominent real estate broker and “Buying Beverly Hills” star Mauricio Umansky was back in the spotlight, albeit for the wrong reasons – the CEO of The Agency and co-founder of the American Real Estate Association was hit with four tax liens totaling $20,000....
Mortgage Application Activity Soars by 33%
The Refinance Index increased 44% from the previous week and was 22% higher than the same week one year ago. Continue Reading Mortgage Application Activity Soars by 33%
Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary
The trade organizations said Turner “understands the value of strengthening public-private partnerships.” Continue Reading Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary
Former Redfin Executive Adam Wiener Becomes President at Lower
Wiener gained industry prominence at Redfin, which he left in 2023 as president of real estate operations. Continue Reading Former Redfin Executive Adam Wiener Becomes President at Lower
D.R. Horton Begins Sales at New South Carolina Community
The new home community will celebrate its Grand Opening on Jan. 18 from 11:00 a.m. to 2:00 p.m. Continue Reading D.R. Horton Begins Sales at New South Carolina Community
William Raveis Real Estate Launches Platform Focused on Nantucket Vacation Rental Market
CEO Bill Raveis called the platform “an invaluable resource for both renters and homeowners.” Continue Reading William Raveis Real Estate Launches Platform Focused on Nantucket Vacation Rental Market
Chris Lim Named EVP and Chief Growth Officer at RE/MAX Holdings
Lim previously served as president of Christie’s International Real Estate. Continue Reading Chris Lim Named EVP and Chief Growth Officer at RE/MAX Holdings
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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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