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Proof Unveils AI-Powered Fraud Protection Tool
Defend will be offered as a paid feature on the Proof platform. Continue Reading Proof Unveils AI-Powered Fraud Protection Tool
Proof Unveils AI-Powered Fraud Protection Tool
Defend will be offered as a paid feature on the Proof platform. Continue Reading Proof Unveils AI-Powered Fraud Protection Tool
Red Lobster Shutting Down 48 US Restaurants
The financially ailing Red Lobster restaurant chain is closing 48 of its 650 U.S. locations. Reports surfaced last month that Red Lobster was considering a Chapter 11 bankruptcy filing, but to date the company has not pursued this strategy. Thai Union Group acquired...
Maryland Records First Year-Over-Year Spike in Monthly Home Sales in Nearly 3 Years
Maryland recorded 5,839 home sales in April, a 2.4% increase from 5,704 units one year earlier and the first year-over-year increase since August 2021, according to new data from Maryland Realtors. The total number of units pending grew 9% to 7,112 units. However,...
Four Mile Capital Acquires Multifamily Property in Suburban Omaha
Four Mile Capital, a privately held real estate investment firm based in Louisville, Colorado, has entered the Omaha market with its acquisition of the Axis Apartments. The 320-unit, class-A apartment building is in Papillion, Nebraska, a southwestern suburb of Omaha,...
NEWS & CURRENT EVENTS
Fashion Brand Ted Baker Closes U.S. and Canadian Stores
Ted Baker Canada and Ted Baker Ltd. in the U.S. are licensees of Authentic Brands Group. Continue Reading Fashion Brand Ted Baker Closes U.S. and Canadian Stores
Mortgage Originations for Vacation Homes Down 40% in 2023
86% of second-home mortgages were issued last year to high-income buyers. Continue Reading Mortgage Originations for Vacation Homes Down 40% in 2023
Mother Lode Holding Co. Acquires Wisconsin Title Service Co.
The transaction includes the acquired firm’s sister company Wisconsin Title Closing Service Inc. Continue Reading Mother Lode Holding Co. Acquires Wisconsin Title Service Co.
FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers
The program offers $25,000 grants to be used for down payment, closing costs or principal reduction assistance. Continue Reading FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers
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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.
Nick Stonestreet Named President of Financial Services at DLP Capital
Before joining DLP Capital, Stonestreet was the CEO, chief investment officer, and senior partner of Blue Trust. Continue Reading Nick Stonestreet Named President of Financial Services at DLP Capital
Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years
Dunn Brothers currently operates 50 stores in seven states, with 28 located in Minnesota. Continue Reading Dunn Brothers Coffee Chain to Add 250 Stores Over Next 5 Years
Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
The companies noted the settlements are not an admission of wrongdoing or liability. Continue Reading Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates
“More borrowers will face pressure as they refinance existing mortgages at higher rates,” said the central bank. Continue Reading Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates
Mortgage Rates Down for First Time in Five Weeks
The 30-year fixed-rate mortgage averaged 7.09% as of May 9. Continue Reading Mortgage Rates Down for First Time in Five Weeks
Guest Opinion: Housing’s Fundamental Role in Economic Inclusion
Historic barriers to quality affordable housing are among the root causes of persistent economic disparities. Continue Reading Guest Opinion: Housing’s Fundamental Role in Economic Inclusion
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
District Court Judge Andrea R. Wood said the request was “neither necessary nor appropriate.” Continue Reading Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
ATTOM: Fewer Residences Were Equity Rich During Q1
The portion of mortgaged homes that were seriously underwater inched up to 2.7%. Continue Reading ATTOM: Fewer Residences Were Equity Rich During Q1
Median Monthly Housing Costs at New Record High
Redfin reported the median sale price reached $384,721, up 4.5% for a new record high. Continue Reading Median Monthly Housing Costs at New Record High
Report: Bay Area Affordable Housing Development Falling Short of Target
“The need for affordable housing transcends jurisdictional boundaries,” said BAHFA Director Kate Hartley. Continue Reading Report: Bay Area Affordable Housing Development Falling Short of Target
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