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CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
Mortgage applications for new home purchases increased 8.5% year-over-year in June, although applications were also down 4% from May. According to new data from the Mortgage Bankers Association, new single-family home sales were running at a seasonally adjusted annual...
San Diego’s Coastline Real Estate Group Joins Real Brokerage
The Real Brokerage Inc. (NASDAQ: REAX) announced the San Diego-area Coastline Real Estate Group has joined the company. Founded in 2020 and led by Raymond Fraser and Shaylie Gilliland, the 13-agent Coastline Real Estate Group team has sold more than $200 million in...
Canadian Housing Starts Up Slightly
Canadian housing starts posted a 0.4% uptick in June from May, according to data from the Canadian Mortgage and Housing Corporation (CMHC). The seasonally adjusted annualized rate of housing starts rose to 283,734 units last month from a revised 282,705 units. Actual...
NEWS & CURRENT EVENTS
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
New York Real Estate Broker Arrested for Forgery and Identity Theft
An investigation found Jean Maloney forged the business owner’s signature on a real estate sale contract for a property owned by the business. Continue Reading New York Real Estate Broker Arrested for Forgery and Identity Theft
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Canadian Housing Starts Down 9% in June
Montreal housing starts soared by 226% June year-over-year. Continue Reading Canadian Housing Starts Down 9% in June
Insurtech Embroker Offers Coverage Program for Real Estate Agents and Brokers
“Real estate as a profession is facing radical change,” said CEO Ben Jennings. Continue Reading Insurtech Embroker Offers Coverage Program for Real Estate Agents and Brokers
Motto Mortgage Opens First New Hampshire Office
The new office was established by David Duplessis, who brings 35 years of industry experience. Continue Reading Motto Mortgage Opens First New Hampshire Office
Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
“Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S. property,” said Yuval Golan, founder and CEO of Waltz. Continue Reading Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
At $1.3 million, Chinese buyers had the highest average purchase price. Continue Reading Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
Single-Family Housing Starts Down in June
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Continue Reading Single-Family Housing Starts Down in June
North Carolina Regional MLS Expands into Georgia
North Carolina Regional MLS (NCRMLS) has expanded into Georgia with the strategic additions of Savannah MLS, Athens Area Association of Realtors & Classic MLS, and the Realtors of Greater Augusta. NCRMLS is a wholesale cooperative multiple listing service used by...
Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Powell’s term concludes in 2026 and his seat on the Fed’s board of governors is secured through 2028. Continue Reading Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
Developer Sergio Pino Dies from Suicide Amid FBI Raid on His Home
Pino was the founder of Century Homebuilders Group. Continue Reading Developer Sergio Pino Dies from Suicide Amid FBI Raid on His Home
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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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