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Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Report: Increase in Home Equity Originations, Debt Outstanding During 2024
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 7.2% year-over-year during 2024 while total HELOC and home equity loan debt outstanding grew 10.3%, according to the Mortgage Bankers Association’s (MBA)...
Turnbridge Equities to Launch Construction on 37-Story Luxury Tower in Raleigh
Turnbridge Equities, a New York City-based real estate investment company, has begun site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina. When completed, Highline Glenwood...
Landingplace Hotels Debuts 2 Conversion-Focused Brands
Landingplace Hotels, the Bluffton, South Carolina-headquartered hotel franchisor, has launched two midscale, conversion-focused brands. The Landingplace Suites brand is designed to bridge the gap between extended-stay hotels and furnished apartments, offering flexible...
NEWS & CURRENT EVENTS
$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units
Groupe Mach has unveiled its plans for the Langelier project, a $3.5 billion mixed-used development in Montreal that will encompass 7,000 residential units. The 1.45 million-square-foot project will encompass 5,700 market-rate residential units, 1,300 social and...
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
Buffalo Council Approves 8% Property Tax Hike
Acting Mayor Scanlon put forth the 8% property tax levy increase proposal last month, claiming it would generate around $13.7 million. Continue Reading Buffalo Council Approves 8% Property Tax Hike
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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.
Tech Trends: Building Partnerships, Expanding Data Resources
A quartet of tech solutions introduced this week are in the Tech Trends spotlight. Continue Reading Tech Trends: Building Partnerships, Expanding Data Resources
Muhammad Ali’s Childhood Home in Louisville Listed for Sale
The house was turned into a museum devoted to Ali following the boxer’s death in 2016. Continue Reading Muhammad Ali’s Childhood Home in Louisville Listed for Sale
Toronto Home Sales and Prices Declined in May
The average selling price of $1.16 million, down by 2.5% over the May 2023 result of $1.19 million. Continue Reading Toronto Home Sales and Prices Declined in May
Real Estate Lawyer L. Minnie Bellomo Joins Federman Steifman as a Partner
She was previously a partner in the New York City office of Greenberg Traurig LLP. Continue Reading Real Estate Lawyer L. Minnie Bellomo Joins Federman Steifman as a Partner
Mortgage Application Activity Continues to Drag
The Market Composite Index was down by 5.2% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity Continues to Drag
Bank of Canada Announces First Rate Cut in 4 Years
The central bank said its “monetary policy no longer needs to be as restrictive.” Continue Reading Bank of Canada Announces First Rate Cut in 4 Years
Vancouver Home Sales Slump Despite Spike in Inventory
The total number of properties currently listed for sale is 13,600, a 46.3% increase from one year before. Continue Reading Vancouver Home Sales Slump Despite Spike in Inventory
Detroit’s Largest Residence Goes to Auction After a Year on the Market
Bishop Mansion encompassed 12 bedrooms, 11 bathrooms and multiple fireplaces. Continue Reading Detroit’s Largest Residence Goes to Auction After a Year on the Market
Home Management Solutions Fixle Acquires EasyHome
The terms of the deal were an all-equity transaction. Continue Reading Home Management Solutions Fixle Acquires EasyHome
NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
The archdiocese owned the property for more than 50 years. Continue Reading NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
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