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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
Price Premium for New Construction Drops to Record Low
The price premium for new construction compared to existing homes dropped to a record low of 7.8% during the second quarter, according to new data from Realtor.com. The median list price for a newly built home in the second quarter was $450,797, essentially flat from...
Multifamily Developer Confidence Up Slightly During Q2
Multifamily developers expressed increased a slightly higher degree of confidence in their market during the second quarter, according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
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...
NEWS & CURRENT EVENTS
Canadian Housing Starts Mostly Flat in May
Montreal posted an 11% year-over-year increase in actual housing starts compared to May 2024, driven by more multi-unit starts. Continue Reading Canadian Housing Starts Mostly Flat in May
Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles
Devin Triche ran the Triche Team and partnered with Keller Williams Realty in Baton Rouge. Continue Reading Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles
Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
256-Unit Luxury Residential Tower to Rise Over Nairobi
Taher Saleh, managing director of SMB Properties, said, “Le Mirage Residences by CityBlue represents the pinnacle of luxury and architectural innovation in Kenya.” Continue Reading 256-Unit Luxury Residential Tower to Rise Over Nairobi
Popular Articles
WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Toll Brothers Opens Luxury Apartment Community in Dallas Suburb
The new community features 357 studio, one-, and two-bedroom apartments. Continue Reading Toll Brothers Opens Luxury Apartment Community in Dallas Suburb
Bill Ackman Mulls Taking Howard Hughes Corp. Private
Ackman’s announcement comes one week after he canceled the initial public offering for Pershing Square USA. Continue Reading Bill Ackman Mulls Taking Howard Hughes Corp. Private
Phil Hawkins Named CEO at California Association of Realtors
Hawkins joins CAR from the Pacific West Association of Realtors, where he served as chief executive. Continue Reading Phil Hawkins Named CEO at California Association of Realtors
Tech Trends: How Zillow is Using Artificial Intelligence
An overview of how Zillow is utilizing artificial intelligence. Continue Reading Tech Trends: How Zillow is Using Artificial Intelligence
Biden Seeks to Speed Preservation Reviews for Historic Buildings
Most interior renovation projects would be exempt from the review process. Continue Reading Biden Seeks to Speed Preservation Reviews for Historic Buildings
Extremist Climate Activists Vandalize Lionel Messi’s Ibiza Mansion
Futuro Vegetal insisted the Argentine athlete’s residence was an “illegal construction.” Continue Reading Extremist Climate Activists Vandalize Lionel Messi’s Ibiza Mansion
Mortgage Rates Plunge to Lowest Level in Over a Year
The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8. Continue Reading Mortgage Rates Plunge to Lowest Level in Over a Year
Report: Trump Planning New Real Estate Crypto Project
The project would use blockchain infrastructure to tokenize ownership stakes in real estate assets. Continue Reading Report: Trump Planning New Real Estate Crypto Project
Report: Total US Home Value at $49.6 Trillion Record High
Cape Coral, Florida, was the only major metro with a year-over-year decline in total home value. Continue Reading Report: Total US Home Value at $49.6 Trillion Record High
Zillow Promotes Jeremy Wacksman to CEO
He succeeds co-founder Rich Barton, who remains on the Zillow board and becomes co-executive chairman. Continue Reading Zillow Promotes Jeremy Wacksman to CEO
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