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Santa Fe to Link Minimum Wage Increases to Housing Affordability
Santa Fe’s minimum wage will rise to $17.50 in 2027. Continue Reading Santa Fe to Link Minimum Wage Increases to Housing Affordability
Santa Fe to Link Minimum Wage Increases to Housing Affordability
Santa Fe’s minimum wage will rise to $17.50 in 2027. Continue Reading Santa Fe to Link Minimum Wage Increases to Housing Affordability
Federal Reserve Holds Rates in Place
President Trump’s efforts to cajole, coerce and bully the Federal Reserve into lowering rates came to naught as the central bank opted to maintain the target range for the federal funds rate at 4.25% to 4.50%. Today' vote marked the fifth straight meeting to end...
Bank of Canada Holds Rates Steady
The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...
Arizona’s JBRE & Co. Joins The Real Brokerage
The Real Brokerage Inc. (NASDAQ: REAX), that the JBRE & Co. real estate team in Northern Arizona has joined the company. Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in...
NEWS & CURRENT EVENTS
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
Texas Legislature Passes Property Tax Relief Bills
The property tax relief bills are part of a 1,056-page, $338 billion two-year budget. Continue Reading Texas Legislature Passes Property Tax Relief Bills
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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.
Builder Confidence Drops to 6-Month Low
“Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris. Continue Reading Builder Confidence Drops to 6-Month Low
CFPB Issues Bans to Reverse Mortgage Servicers
The CFPB issued permanent bans against Sutherland Global, Sutherland Government Solutions and NOVAD Management Consulting Continue Reading CFPB Issues Bans to Reverse Mortgage Servicers
PrimeLending Debuts Home Equity Loan Product
The new loan product offers a fixed-rate repayment over a 30-year term. Continue Reading PrimeLending Debuts Home Equity Loan Product
Survey: Most European Renters Lack Funds for Down Payments
58% of respondents said were unable to secure a mortgage due to high interest rates. Continue Reading Survey: Most European Renters Lack Funds for Down Payments
Peak Roofing Partners Acquires Action Roofing
Action Roofing was founded in 1986 and provides roofing solutions to residential and homebuilder clients Continue Reading Peak Roofing Partners Acquires Action Roofing
California’s Median Home Price Sets New Record High
The statewide unsold inventory index 2.6 months in May, unchanged from April and up from 2.1 months in May 2023. Continue Reading California’s Median Home Price Sets New Record High
Maryland Home Sales Down 3.4% During May
“The housing stats for May read like a spring housing market in the midst of an inventory crisis,” said Chris Hill, 2024 president of Maryland Realtors. Continue Reading Maryland Home Sales Down 3.4% During May
La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
The financial terms of the acquisition were not disclosed. Continue Reading La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
Commercial/Multifamily Mortgage Debt Outstanding Up in Q1
Multifamily mortgage debt alone increased to $2.10 trillion from the fourth quarter of 2023. Continue Reading Commercial/Multifamily Mortgage Debt Outstanding Up in Q1
Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Aron Puretz faces a maximum penalty of five years in prison. Continue Reading Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
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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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