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Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
The new product is designed to protect seniors by eliminating uncertainty from interest rate changes and renewal premiums. Continue Reading Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
The new product is designed to protect seniors by eliminating uncertainty from interest rate changes and renewal premiums. Continue Reading Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
34% Property Tax Hike in Utah: Is Your City Next?
According to a report this morning in Weekly Real Estate News, the city of Ivins, Utah, approved a stunning 34% property tax increase for local homeowners. For a community already wrestling with the rising costs of housing, inflation at the grocery store, and energy...
HUD Initiates English-Only Policy for Department Services
The Department of Housing and Urban Development (HUD) is changing its internal policy for English to become its sole language in its services and affairs. The New York Post cited an internal memo obtained from HUD on the policy change, which aligns with President...
Report: Residential Building Worker Wage Growth Slowed in Q2
Real and nominal wage growth for residential building workers slowed during the second quarter, according to an analysis of Bureau of Labor Statistics data published by the National Association of Home Builders (NAHB). The new data analysis determined that the average...
NEWS & CURRENT EVENTS
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Newsom Allocates $101 Million for Multifamily Rebuilding After LA Fires
California Gov. Gavin Newsom announced the state’s Department of Housing and Community Development (HCD) will release $101 million to finance the rebuilding of affordable multifamily rental housing in the Greater Los Angeles Region. According to the governor’s office,...
Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate
The average Russian buyer paid $652,915 per property, while the overall foreign average was $480,695. Continue Reading Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate
Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms
Ohio’s Senate has not set a date for the consideration of overriding the governor’s votes. Continue Reading Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms
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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.
United Real Estate Expands New Orleans Presence with Brokerage Merger
This is the second merger between United and a New Orleans-area brokerage. Continue Reading United Real Estate Expands New Orleans Presence with Brokerage Merger
New Proposal Envisions $1 Billion Redevelopment of Astrodome
The conservancy’s budget for the projects envisions $750 million coming from private sources and the remaining $250 million from public funding. Continue Reading New Proposal Envisions $1 Billion Redevelopment of Astrodome
Mortgage Rates Hold Steady After Climbing for 6 Weeks
The 30-year fixed-rate mortgage averaged 6.78% as of Nov. 14. Continue Reading Mortgage Rates Hold Steady After Climbing for 6 Weeks
Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam
Kyle Seyboth, founder of the Century 21-affiliated brokerage The Seyboth Team, is the target of the lawsuit. Continue Reading Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam
Miami Real Estate Broker Ordered to Jail for Boat Crash Death
George Pino, president of State Street Realty, will need to turn himself in by Nov. 22. Continue Reading Miami Real Estate Broker Ordered to Jail for Boat Crash Death
myCUmortgage in New Partnerships with Six Credit Unions
The combined partnerships represent 139,349 credit union members and $2.52 billion in assets. Continue Reading myCUmortgage in New Partnerships with Six Credit Unions
Advan Research Corp. Acquires Real Estate Intelligence from RetailStat
The financial terms of the deal were not disclosed. Continue Reading Advan Research Corp. Acquires Real Estate Intelligence from RetailStat
English Manor Given by Henry VIII to Ex-Wife Anne of Cleves Listed for $4.76 Million
Henry and Anne’s marriage only lasted from January through July 1540. Continue Reading English Manor Given by Henry VIII to Ex-Wife Anne of Cleves Listed for $4.76 Million
NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
The Real Estate Board of New York came out against the bill. Continue Reading NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
4,000-Unit Net Zero Community Planned for Downtown San Jose
The real estate developer Westbank has teamed with Pacific Gas and Electric Company (PG&E) on a proposed net zero community that will be located in downtown San Jose. Continue Reading 4,000-Unit Net Zero Community Planned for Downtown San Jose
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