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Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
New Home Sales Down 0.6% in July
Sales of new single-family houses in July were at a seasonally adjusted annual rate of 652,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This marked a 0.6% decline from the June’s...
Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing
An 18th century painting that was stolen by the Nazis from a Dutch Jewish art dealer and disappeared for decades has been spotted in an online real estate listing in Argentina. The Dutch newspaper AD reports “Portrait of a Lady” by the Italian painter Vittore...
Morgan Properties Acquires Dream Residential REIT for $354 Million
Dream Residential Real Estate Investment Trust (TSX: DRR.U, DRR.UN) is being acquired by an affiliate of Morgan Properties LP in an all-cash transaction valued at approximately $354 million. Toronto-headquartered Dream Residential REIT owns a portfolio of garden-style...
NEWS & CURRENT EVENTS
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Survey: 1 in 5 Americans Have Lived in a Storage Unit
The survey also found that 84% of Americans would consider sleeping in a storage unit if they became homeless. Continue Reading Survey: 1 in 5 Americans Have Lived in a Storage Unit
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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.
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Verisk noted that while Milton is expected to have a significantly higher insured loss tally than Helene. Continue Reading Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion
Dolby Theatre, Longtime Venue for Academy Awards Show, is Sold
The venue has hosted the Academy Awards show since 2002. Continue Reading Dolby Theatre, Longtime Venue for Academy Awards Show, is Sold
Mortage Application Activity and Credit Availability in Decline
The Mortgage Credit Availability Index (MCAI) dropped by 0.5% to 98.5 in September. Continue Reading Mortage Application Activity and Credit Availability in Decline
A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?
Editor Phil Hall opines on the future of a contentious mandate for NAR members. Continue Reading A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?
Spirit Halloween to Test Christmas Season Pop-Up Stores
The company is planning to operate 10 Spirit Christmas stores in the Northeast. Continue Reading Spirit Halloween to Test Christmas Season Pop-Up Stores
True Value Files for Bankruptcy, Sells Business to Hardware Rival
Only one of the company’s 4,500 stores will be subject to closing. Continue Reading True Value Files for Bankruptcy, Sells Business to Hardware Rival
Walgreens to Close 1,200 Stores by 2027
Approximately 500 closures planned for Fiscal Year 2025. Continue Reading Walgreens to Close 1,200 Stores by 2027
RE/MAX: Housing Inventory Up for 7th Straight Month
September home sales were down by 13.3% from August. Continue Reading RE/MAX: Housing Inventory Up for 7th Straight Month
Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings
The retailer’s website said the brand is “the largest buyer of insurance claims in the United States.” Continue Reading Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings
Trump Pledges to ‘Get Rid of a Lot’ of Regulations Driving Up Home Construction Costs
“First of all, it’s too expensive to build the homes,” he said. Continue Reading Trump Pledges to ‘Get Rid of a Lot’ of Regulations Driving Up Home Construction Costs
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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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