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Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers accounted for a record-high 12% share of the VA purchase loan market during the first half of fiscal year 2025, triple their share from just three years ago. According to an analysis of Department of Veterans Affairs data published by Veterans United...
PNC Announces $208 Million Affordable Housing Fund
Pittsburgh-based PNC Bank, a member of The PNC Financial Services Group Inc. (NYSE: PNC), announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 98, which is investing more than $208 million in the development and rehabilitation of affordable rental...
Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
A new survey published by Redfin (NASDAQ: RDFN) has found one-third (33.5%) of baby boomers who own their home declaring that they’ll never sell their property, while another 30% say they will eventually sell their home but not within the next decade. Older homeowners...
NEWS & CURRENT EVENTS
Average Property Tax on Single-Family Home Up 2.7% in 2024
The 10 states with the highest effective tax rates in 2024 were all in the Northeast and middle of the country. Continue Reading Average Property Tax on Single-Family Home Up 2.7% in 2024
Report: Homes Are Taking Longer to Sell
Active listings hit the highest level in five years in March via a 0.1% month-over-month uptick. Continue Reading Report: Homes Are Taking Longer to Sell
RE/MAX: Home Sales Up 23% in March
The median sales price last month was $435,000, which was nearly $8,000 (1.8%) higher than in February. Continue Reading RE/MAX: Home Sales Up 23% in March
Jim Dinegar Named CEO of Society of Industrial Office Realtors
He replaced Robert Thornburgh, who stepped down to become regional president of the Southwest Region at Cushman & Wakefield. Continue Reading Jim Dinegar Named CEO of Society of Industrial Office Realtors
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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.
Atlanta Housing Announces Request for Ideas on Bankhead Courts Redevelopment Project
Bankhead Courts opened in 1970 and was demolished in 2011. Continue Reading Atlanta Housing Announces Request for Ideas on Bankhead Courts Redevelopment Project
Yardi Systems Debuts Energy Relief Product for State and Local Agencies
Homeowners and contractors can use an online interface through Energy Relief to submit applications for assistance. Continue Reading Yardi Systems Debuts Energy Relief Product for State and Local Agencies
Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million
Homestead marks Bascom’s fifth acquisition for 2024. Continue Reading Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million
Hits and Misses for the Real Estate Week of April 8-12
This week’s focus includes rising housing costs, real estate agent safety and a tax hike for Boston’s commercial properties. Continue Reading Hits and Misses for the Real Estate Week of April 8-12
Report: FBI Agents Seek Federal Help to Cover Housing Costs
The Justice Department has not endorsed the request for a housing allowance. Continue Reading Report: FBI Agents Seek Federal Help to Cover Housing Costs
Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor
In 2020 and 2022, Pallotta was the Republican candidate in New Jersey’s 5th U.S. Congressional District. Continue Reading Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor
Canadian Home Sales Inched Up in March
The number of newly listed properties declined 1.6% month-over-month in March. Continue Reading Canadian Home Sales Inched Up in March
Pennsylvania Housing Finance Agency Allocates $4.5 Million for 7 Mixed-Use Projects
The funding was raised through the sale of tax credits under the Mixed-Use Development Tax Credit Program. Continue Reading Pennsylvania Housing Finance Agency Allocates $4.5 Million for 7 Mixed-Use Projects
A&D Mortgage Launches Promotion for Northeast Markets
The promotion runs from April 15 to May 31. Continue Reading A&D Mortgage Launches Promotion for Northeast Markets
Study: 38% of Renters Believe They’ll Never Own a Home
Only 8% of Gen Z renters believed they’ll never own a home. Continue Reading Study: 38% of Renters Believe They’ll Never Own a Home
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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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