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Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
Report: Nearly 15% of Home Sale Agreements Canceled in June
Roughly 57,000 home sale agreements nationwide were canceled during June, which is equal to 14.9% of homes that went under contract last month. According to a new report from Redfin, June’s share of canceled sales was up by 13.9% from one year earlier and marked the...
Developer to Accept Cryptocurrency Purchases in Florida Community
The development company Pearl Homes has teamed with the crypto-to-real-estate platform RealOpen in offering potential buyers to ability purchase homes at the Hunters Point community in Cortez, Florida, by using cryptocurrency including Bitcoin (BTC), Ethereum (ETH),...
Ohio House Overides Gov. DeWine’s Vetoes on Property Tax Reforms
The Ohio House of Representatives voted to override three property tax reform vetoes enacted by Gov. Mike DeWine. The House returned from recess to vote 61-28 in a special session today. The Republican governor used a line-item veto to reject the measures in the...
NEWS & CURRENT EVENTS
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
For homes that sold for $1 million or more in the first quarter, Redfin found the average buyer’s agent commission was 2.17%. Continue Reading Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
Ginnie Mae’s MBS Portfolio Reached $2.74 Trillion in April
The April issuance encompassed $42.2 billion in total MBS, resulting in a net portfolio growth of $10.6 billion. Continue Reading Ginnie Mae’s MBS Portfolio Reached $2.74 Trillion in April
Canadian Home Sales Flattened in April
The non-seasonally adjusted national average home price was $679,866 in April, down 3.9% from one year before. Continue Reading Canadian Home Sales Flattened in April
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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Las Vegas Home Sales Take a Sharp Upswing
Las Vegas Realtors dubbed 2023 as the slowest year for existing home sales since 2008 Continue Reading Las Vegas Home Sales Take a Sharp Upswing
Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case
The plaintiffs in the Batton 1 lawsuit in Illinois are trying to block final approval of the Sitzer/Burnett settlements. Continue Reading Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case
New Investment Fund Aims at Distressed Multifamily Properties
The offering has an entry point set at a minimum investment of $50,000. Continue Reading New Investment Fund Aims at Distressed Multifamily Properties
Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million
Kraft bought the residence in 2007 for $14.47 million. Continue Reading Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million
Mortgage Application Activity Up 2.6%
The FHA share of total applications increased to 12.9% from 12.7% the week prior. Continue Reading Mortgage Application Activity Up 2.6%
Travelers to Raise California Homeowner Insurance Rates by 15%
On average, California homeowners pay $1,452 a year for home insurance coverage. Continue Reading Travelers to Raise California Homeowner Insurance Rates by 15%
More Than 90% of Metros Scored Q1 Home Price Gains
30% of the tracked metros experienced double-digit price gains. Continue Reading More Than 90% of Metros Scored Q1 Home Price Gains
Ex-Ginnie Mae Chief Alanna McCargo to Lead FHLBank San Francisco
McCargo became Ginnie Mae’s 18th president and first female leader in December 2021. Continue Reading Ex-Ginnie Mae Chief Alanna McCargo to Lead FHLBank San Francisco
Yvette Davis Named President of REEP Residential
Davis was previously director of strategic operations at Emerge Living. Continue Reading Yvette Davis Named President of REEP Residential
Society of Industrial and Office Realtors Elects 2024-2025 Officers
SIOR’s current president-elect, Mike Ohmes, will assume the role of SIOR Global President this fall. Continue Reading Society of Industrial and Office Realtors Elects 2024-2025 Officers
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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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