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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
Number of DC-Area Homes for Sale Up 22.7% from Last Year
The Washington, DC metro area has a growing surplus number of homes for sale, according to new data from Redfin. Last month, the DC market’s total number of homes for sale were up 22.7% year-over-over, marking the third-biggest jump in records dating back to 2012....
Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
A federal judge has issued a temporary restraining order against the Department of Housing and Urban Development (HUD) with the demand that it resume distributing Fair Housing Initiative Program (FHIP) funds to state- and city-level nonprofits tasked with...
Hawaiian Brokerage to Join RE/MAX Network
RE/MAX Holdings (NYSE: RMAX) has added Hawaii’s Better Homes and Gardens Real Estate Advantage Realty into its network, effective Aug. 1. The conversion will bring six offices and 170 agents under the RE/MAX Hawaii banner. The brokerage, founded and led by Myron...
NEWS & CURRENT EVENTS
Douglas Elliman to Expand Globally
“Elliman International represents the natural progression of our legacy as America’s premier luxury real estate brokerage now becoming global,” said President and CEO Michael S. Liebowitz. Continue Reading Douglas Elliman to Expand Globally
Platform Ventures Launches Multifamily Development Unit
The company “believes multifamily housing offers a blend of stability, income generation, and long-term growth potential.” Continue Reading Platform Ventures Launches Multifamily Development Unit
Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Progressive is also introducing The UpPayment program, a down payment assistance program that will provide a $13,500 grant towards the purchase of a home to up to 100 qualified applicants. Continue Reading Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Early 18th Century Brooklyn Farmhouse to Become Museum
The house was part of the Underground Railroad system that sheltered enslaved people fleeing from the South. Continue Reading Early 18th Century Brooklyn Farmhouse to Become Museum
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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.
A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
The typical Detroit starter home costs just $66,000 and comes with a median monthly payment of $579. Continue Reading A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
The Milestone Group Purchases Florida Multifamily Community
Axis Delray Beach features one-, two-, and three-bedroom garden and townhome-style apartments. Continue Reading The Milestone Group Purchases Florida Multifamily Community
Dominion Financial Services Debuts Broker Program for Long-Term Rental Loans
The program will enable broker partners to access long-term DSCR rental loans with a price beat guarantee. Continue Reading Dominion Financial Services Debuts Broker Program for Long-Term Rental Loans
Pending Home Sales Down in May
“The market is at an interesting point with rising inventory and lower demand,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Down in May
Mortgage Rates Moves Further from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.86% as of June 27. Continue Reading Mortgage Rates Moves Further from the 7% Mark
Walgreens Plans to Close a ‘Meaningful Percent’ of Stores
The company has not decided on the exact number of locations to shutter. Continue Reading Walgreens Plans to Close a ‘Meaningful Percent’ of Stores
Richard Gibbens Named CEO at Bluegrass Realtors
Gibbens will begin his new role in late July. Continue Reading Richard Gibbens Named CEO at Bluegrass Realtors
Tuscany Offers People Up to $32K to Move There
Americans planning to relocate must receive a residence permit “lasting no less than 10 years.” Continue Reading Tuscany Offers People Up to $32K to Move There
Survey: Half of Middle-Income Americans Feel Homeownership is Not Required for Financial Prosperity
Eight in 10 middle-income households said they were current on their bills. Continue Reading Survey: Half of Middle-Income Americans Feel Homeownership is Not Required for Financial Prosperity
New Single-Family Home Sales at Lowest Pace in 7 Months
The median sales price of new houses sold in May 2024 was $417,400. Continue Reading New Single-Family Home Sales at Lowest Pace in 7 Months
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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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