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Mortgage Rates Are Falling Again
The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23. Continue Reading Mortgage Rates Are Falling Again
Mortgage Rates Are Falling Again
The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23. Continue Reading Mortgage Rates Are Falling Again
Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
Ginnie Mae announced the expansion of its mortgage-backed securities (MBS) portfolio to $2.76 trillion as of May. Ginnie Mae said that it issued $48 billion in total MBS last month, resulting in net portfolio growth of $17.6 billion. This issuance encompassed $46.3...
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) has made an unsolicited $5 billion all-cash acquisition proposal to GMS Inc. (NYSE: GMS), a specialty distributor of interior construction products. “Our all-cash proposal to...
California Home Sales, Median Price Down in May
California recorded 254,190 closed escrow sales of existing, single-family detached homes in May, according to data from the California Association of Realtors (CAR). Last month’s sales pace was down 5.1% from the 267,710 homes sold in April and was down 4% from the...
NEWS & CURRENT EVENTS
NWMLS Suspends Compass’ IDX Feed
“The MLS shouldn’t be able to dictate how homeowners sell their home,” said Compass CEO Robert Reffkin. Continue Reading NWMLS Suspends Compass’ IDX Feed
NAHREP: Housing Market ‘Threatened’ by Private Listings
NAHREP called for “the force of law” to ensure fair access to property information. Continue Reading NAHREP: Housing Market ‘Threatened’ by Private Listings
Bill Cosby Lists NYC Townhouse in Foreclosure Battle for $7 Million
A New York City townhouse owned by disgraced comedian Bill Cosby has been listed for $7 million, even though the property is at the center of a foreclosure fight. The New York Post reports Cosby put the four-story, 5,000-square-foot property on the market four months...
Josh Pristaw Named President at Clarion Partners
Pritsaw joins Clarion from the investment firm Pretium, where he served as senior managing director. Continue Reading Josh Pristaw Named President at Clarion Partners
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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.
Red Lobster Reportedly Considering Bankruptcy Filing
Red Lobster has 649 restaurants, primarily in the U.S. and Canada. Continue Reading Red Lobster Reportedly Considering Bankruptcy Filing
Powell Backpedals on Rate Cuts, Citing Stubborn Inflation
Powell insisted rates would remain at their current 23-year high “as long as needed.” Continue Reading Powell Backpedals on Rate Cuts, Citing Stubborn Inflation
New Home Purchase Mortgage Applications Up 6.2%
The average loan size for new homes was $405,400 in March. Continue Reading New Home Purchase Mortgage Applications Up 6.2%
British Columbia Woman Fined $626,000 for Real Estate Flipping Scam
The BCSC determined that investors lost approximately $776,000 based on White’s actions. Continue Reading British Columbia Woman Fined $626,000 for Real Estate Flipping Scam
Wharton to Offer Course on Using Data Analytics for Real Estate Investments
The half-semester course titled “REAL 3700X: Real Estate Data Analytics” begins in the spring 2025. Continue Reading Wharton to Offer Course on Using Data Analytics for Real Estate Investments
Guest Opinion: Fighting Back Against Ransomware Attacks
Far too many “digital doors” are left open for adversaries to walk through with relative ease. Continue Reading Guest Opinion: Fighting Back Against Ransomware Attacks
Housing Starts Plummet by 12.4%
“This is the largest month-over-month drop in housing starts since the Covid lockdowns,” said economist Dr. Anthony B. Sanders. Continue Reading Housing Starts Plummet by 12.4%
Maryland Home Sales Down Nearly 14%
The average sales price in March was $473,442, up 6.3% year-over-year. Continue Reading Maryland Home Sales Down Nearly 14%
Click n’ Close Adds Shared Appreciation Option to Down Payment Assistance Line
DPA with Share Appreciation is available through Click n’ Close’s retail and wholesale divisions. Continue Reading Click n’ Close Adds Shared Appreciation Option to Down Payment Assistance Line
Landsea Homes Adds Insurance Coverage to Financial Services Line
The new Landsea Insurance Agency is created in collaboration with Westwood Insurance Agency. Continue Reading Landsea Homes Adds Insurance Coverage to Financial Services Line
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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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