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Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
For Sale: Melbourne Home with a Jail Cell
Now, here’s something that you don’t find in most homes listed for sale – a jail cell. RealEstate.com.au reports a residence on the market in Melbourne, Australia, that was once a police station had been converted to a five-bedroom residence in the 1980s. But for some...
Canadian Home Sales Up in June
National home sales across Canada in were up 2.8% month-over-month and up 3.5% year-over-year, according to data from the Canadian Real Estate Association (CREA). The uptick in home sales occurred despite a 2.9% month-over-month decline in newly listed properties. The...
Mortgage Application Activity and Credit Availability in Decline
Mortgage application activity and credit availability declined in the latest data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 10% on a seasonally adjusted basis for...
NEWS & CURRENT EVENTS
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
The state’s price increases of 63.7% over the past five years outpaced the national average of 55.5%. Continue Reading Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
New York State Records 6.2% Drop in Home Sales
The state’s median price of homes increased for the 21st straight month. Continue Reading New York State Records 6.2% Drop in Home Sales
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
The buildings’ construction will be funded by G42 while the data center will be operated by OpenAI and the tech company Oracle. Continue Reading OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
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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.
Honoring Pioneer Day: Lessons for Real Estate Agents from Our Resilient Forebears
Pioneer Day holds a special place in my heart and the hearts of many in Utah. As we celebrate this day, it’s important to reflect on the incredible journeys our ancestors undertook and the legacies they left behind. For my family, with deep pioneer roots,...
Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme
Kolade Akinwale Ojelade faces up to 32 years in federal prison and will be subject to deportation upon completing his sentence. Continue Reading Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme
Home Sales Slip in Virginia
During June, the statewide median sales price reached $431,380, a 5% year-over-year increase of more than $20,000. Continue Reading Home Sales Slip in Virginia
Rhode Island’s Median Home Price Hits New High
During June, Rhode Island recorded a 19.1% year-over-year decline in home sales. Continue Reading Rhode Island’s Median Home Price Hits New High
Finaya Adds Home Insurance Offering to Platform
Consumers using Finaya can select from a marketplace of insurance providers offering standalone or bundled insurance offerings. Continue Reading Finaya Adds Home Insurance Offering to Platform
New Data Reports Offer Rival Views of the Rental Housing Markets
Austin and Wichita top the rankings published by Realtor.com and RentCafe, respectively. Continue Reading New Data Reports Offer Rival Views of the Rental Housing Markets
Bank of Canada Cuts Rates for Second Straight Month
“We are increasingly confident that the ingredients to bring inflation back to target are in place,” said Governor Tiff Macklem. Continue Reading Bank of Canada Cuts Rates for Second Straight Month
New Home Sales Down While More Properties Sit on the Market Longer
Nearly two-thirds of homes that were on the market in June were listed for at least 30 days without going under contract. Continue Reading New Home Sales Down While More Properties Sit on the Market Longer
La Rosa Holdings to Acquire Celebration Corporate Center
Celebration Corporate Center specializes in virtual offices, executive suites, reception services, and meeting room rentals. Continue Reading La Rosa Holdings to Acquire Celebration Corporate Center
Capital Square Acquires Wilmington-Area BFR Community
The transaction marks Capital Square’s fifth BFR offering for its Section 1031/Delaware statutory trust program. Continue Reading Capital Square Acquires Wilmington-Area BFR Community
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