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Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
“We expect these acquisitions to be highly desirable homeownership options that will also add value for unitholders,” said President and CEO Kurt Keeney. Continue Reading Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
“We expect these acquisitions to be highly desirable homeownership options that will also add value for unitholders,” said President and CEO Kurt Keeney. Continue Reading Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
Report: Large Banks Originating More ARMs
Adjustable-rate mortgages (ARMs) have gained in popularity among borrowers seeking home loans from large banks, according to a new data report from the Federal Reserve Bank of Philadelphia. Conventional ARMs accounted for 25.1% of large bank first mortgage...
Mortgage Rates Record New Uptick
After five weeks in decline, mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of July 10, up from last week when it averaged 6.67%. A year ago at this...
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Here is some news that will not inspire optimism at Airbnb (NASDAQ: ABNB) – a new survey nearly half (49%) of Americans feel short-term rentals should be banned entirely in residential areas. The survey of 1,000 adults conducted by Clever Real Estate’s Anytime...
NEWS & CURRENT EVENTS
Mortgage Lender Lower Acquires Real Estate Portal Movoto
The Austin-based Movoto bills itself as the largest privately-owned residential real estate search website. Continue Reading Mortgage Lender Lower Acquires Real Estate Portal Movoto
Indiana Home Sales Up 12%
Homes sold for a statewide median price of $263,000 in April, up 5% year-over-year. Continue Reading Indiana Home Sales Up 12%
Shake Shack Expands Into Central America, Opening 12 Eateries in Panama
“Bringing Shake Shack to Central America marks a major milestone as we continue to grow globally,” said Michael Kark, president of global licensing. Continue Reading Shake Shack Expands Into Central America, Opening 12 Eateries in Panama
PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio
The portfolio is currently 99.7% leased to a roster of 26 tenants. Continue Reading PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio
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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.
RE/MAX: Increased Inventory and New Listings Help Fuel Rising Home Sales
The number of newly listed homes was up 5.3% from April and was 15.1% compared to May 2023. Continue Reading RE/MAX: Increased Inventory and New Listings Help Fuel Rising Home Sales
San Jose to Allow Homeowners to Sell ADUs
San Jose’s ADU sales will begin on July 18. Continue Reading San Jose to Allow Homeowners to Sell ADUs
Douglas Elliman Released from Batton 2 Lawsuit
Howard Hanna and HomeServices of America were previously voluntarily dismissed from the two Batton homebuyer commission lawsuits. Continue Reading Douglas Elliman Released from Batton 2 Lawsuit
Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
Mester is stepping down from the Cleveland Fed on June 30. Continue Reading Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
The average loan size for new homes decreased from $405,490 in April to $400,150 in May. Continue Reading MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
Chris Black Named CFO at Inside Real Estate
Black has more than two decades of CFO experience. Continue Reading Chris Black Named CFO at Inside Real Estate
Chris Pratt Slashes Price on Pacific Palisades Estate
Pratt’s residence was featured on the Netflix series “Get Organized with the Home Edit.” Continue Reading Chris Pratt Slashes Price on Pacific Palisades Estate
Adfitech Rebrands as Mortgage Connect Risk Solutions
The new name reflects its place within parent company Mortgage Connect LP. Continue Reading Adfitech Rebrands as Mortgage Connect Risk Solutions
Lennar Opens New Townhome Community in Miami
Pricing starts in the $400,000s. Continue Reading Lennar Opens New Townhome Community in Miami
Mortgage Rates Continue to Slip
The 30-year fixed-rate mortgage averaged 6.95% as of June 13. Continue Reading Mortgage Rates Continue to Slip
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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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