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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
Northern California’s Showcase Real Estate Joins The Real Brokerage
The Real Brokerage Inc. (NASDAQ: REAX) announced that Showcase Real Estate, an independent brokerage serving Northern California’s agricultural heartland, has joined the company under its Private Label program. Founded in 2018 in Yuba City by Donna Phelan, Showcase...
Modular Housing Provider Boxabl Uses SPAC to Go Public With $3.5 Billion Valuation
The Las Vegas-headquartered modular housing manufacturer Boxabl announced plans to go public through a merger with FG Merger II Corp. (Nasdaq: FGMC), a publicly traded special purpose acquisition company. Upon closing of the merger, the newly combined company is...
FHFA Allows Fannie and Freddie to Invest Further in LIHTC Properties
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) are now able to invest in Low Income Housing Tax Credit (LIHTC) properties from $1 billion to $2 billion each, a total of $4 billion per year. “Today’s...
NEWS & CURRENT EVENTS
Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium
The Broncos have been based at Empower Field at Mile High since 2001. Continue Reading Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium
Housing Report Finds Most At-Risk Counties in California and New Jersey
More than half (27) of the 50 least at-risk counties in the analysis were in Southern states. Continue Reading Housing Report Finds Most At-Risk Counties in California and New Jersey
HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker. Continue Reading HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
Mortgage Rates Remain Mostly Flat
The 30-year fixed-rate mortgage averaged 6.84% as of June 12. Continue Reading Mortgage Rates Remain Mostly Flat
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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.
$5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales
Office sales totaled $1.18 billion across 23 transactions in the year’s first six months. Continue Reading $5.8 Billion in Manhattan’s 1H 2024 Commercial Property Investment Sales
Eres Capital to Open New Community in Bozeman, Montana
Yellowstone Landing will be marketed for both private residents and corporate housing. Continue Reading Eres Capital to Open New Community in Bozeman, Montana
S&P CoreLogic Case-Shiller Index Hits Another High
“Our home price index has appreciated 4.1% year-to-date, the fastest start in two years,” said Brian D. Luke at S&P Dow Jones Indices. Continue Reading S&P CoreLogic Case-Shiller Index Hits Another High
Study: Canadian Households Spend 43% of Their Income on Taxes
Housing, food and clothing costs combined absorbed 35.6% of their income. Continue Reading Study: Canadian Households Spend 43% of Their Income on Taxes
MBA: Home Equity Lending Volume Remains Relatively Flat
Total originations of open-ended HELOCs and closed-end home equity loans increased to $2.13 billion per company in 2023. Continue Reading MBA: Home Equity Lending Volume Remains Relatively Flat
Tri Pointe Homes Unveils Its First 55+ Community on East Coast
The new project is based within Greenfield Communities’ 550-acre Serenity development in North Carolina’s Harnett County. Continue Reading Tri Pointe Homes Unveils Its First 55+ Community on East Coast
Leadership Shifts at SmartRent
John Dorman, the board’s lead independent director, has been appointed chairman of the board. Continue Reading Leadership Shifts at SmartRent
Scale Lending and Harel Finance in New Partnership
The Harel Finance teaming is Scale’s third strategic lending partnership. Continue Reading Scale Lending and Harel Finance in New Partnership
A Phil Hall Op-Ed: Why is Biden Trying to Overhaul the Supreme Court?
Editor Phil Hall considers whether President Biden’s proposals on the Supreme Court should be seen as reform or revenge. Continue Reading A Phil Hall Op-Ed: Why is Biden Trying to Overhaul the Supreme Court?
Mainstreet Equity Corp. to Offer Housing Assistance to Jasper Wildfire Evacuees
The company stated it would offer six-month leases for the permanent residents of Jasper fleeing the wildfires. Continue Reading Mainstreet Equity Corp. to Offer Housing Assistance to Jasper Wildfire Evacuees
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