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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
Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank
A federal judge in Philadelphia has rejected a request by the Department of Justice (DOJ) to bring an early conclusion to a $3 million settlement made with a Pennsylvania bank that was accused of redlining. The Philadelphia Inquirer reports US District Judge Michael...
New Record High for Delaware’s Median Sales Price
The Delaware median sales price broke the $400,000 mark for the first time in June when it hit $405,996 – the previous record of $399,000 was achieved one month earlier. In June 2024, the price was $389,833. Delaware recorded 1,300 home sales during June, a slight...
Starter Homes Sales and Prices on the Rise
Sales of starter homes rose 3.9% year-over-year in June to the highest level in two years, according to a new report from Redfin. June was the 10th consecutive month in which home sales rose year-over-year. Pending sales of starter homes were also up last month with a...
NEWS & CURRENT EVENTS
Egypt Unveils Plans for New City
Egyptian Prime Minister Moustafa Madbouli declared the project to be “an urban and development revolution” that will create 250,000 jobs. Continue Reading Egypt Unveils Plans for New City
Hits and Misses for the Real Estate Week of May 26-30
This week’s Hits and Misses include Gov. Ron DeSantis and Kim Reynolds, former Vice President Kamala Harris, and NAR’s newest executives. Continue Reading Hits and Misses for the Real Estate Week of May 26-30
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
Report: New Apartments Sitting Vacant for Months
Nearly 125,000 new apartments were completed in the fourth quarter, the second highest number on record. Continue Reading Report: New Apartments Sitting Vacant for Months
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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.
Redfin Adds Enhancements to AI-Powered Home Design Tool
Users can now access AI-powered recommendations for light renovations, furniture and decor. Continue Reading Redfin Adds Enhancements to AI-Powered Home Design Tool
Parkour Team Damaged Italian Historic Building for Online Video Stunt
Matera was designated as a UNESCO World Heritage Site in 1993 and was crowned “European Capital of Culture” in 2019. Continue Reading Parkour Team Damaged Italian Historic Building for Online Video Stunt
A Phil Hall Op-Ed: 10 Questions for the Biden-Trump Debate
Ten real estate-related questions for the two presumptive presidential candidates. Continue Reading A Phil Hall Op-Ed: 10 Questions for the Biden-Trump Debate
Canadian Realtor Fined $3,000 for Anti-Transgender Social Media Posts
The ruling stated Murray Kurtenbach “published posts on his Facebook page perpetuating transphobia.” Continue Reading Canadian Realtor Fined $3,000 for Anti-Transgender Social Media Posts
Alabama Home Sales Up for Fourth Consecutive Month
The median sales price in May fell by $23,692 to $204,184, a 10.4% year-over-year decline. Continue Reading Alabama Home Sales Up for Fourth Consecutive Month
Justin Timberlake Sells 127-Acre Tennessee Property at Discount
The singer/actor listed the property last summer for $10 million. Continue Reading Justin Timberlake Sells 127-Acre Tennessee Property at Discount
Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment
During May, the $1,653 median apartment asking rent in May was $47 below its record high. Continue Reading Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment
Treasury Department Rolls Out New Initiative to Increase Housing Affordability
“Given the scale of the challenge, we must and will continue to do more,” said Treasury Secretary Janet Yellen. Continue Reading Treasury Department Rolls Out New Initiative to Increase Housing Affordability
Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77
Jaeger would often describe himself as “just a plumber from the Ninth Ward.” Continue Reading Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77
Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans
The funds will support the construction of more than 300 new housing units and the repair of nearly 200 additional units. Continue Reading Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans
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