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Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging
Tim Leiweke has stepped down as CEO of Oak View Group, a Denver-headquartered professional sports and commercial real estate company, following a federal indictment that accused him of rigging a bid to build and manage the Moody Center Arena at the University of Texas...
HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals
The Department of Housing and Urban Development (HUD), in partnership with the Office of Management and Budget, announced the Biden-era Property Appraisal and Valuation Equity (PAVE) task force that was created to eliminate bias in home appraisals. In a statement...
White House Increases Attack on Powell, Claiming Mismanagement of Fed HQ Renovations
The Trump administration has ratcheted up its attacks on Federal Reserve Chairman Jerome Powell, with Office of Management and Budget Director Russ Vought taking the lead with accusations that Powell is trying to create a “palace” with the ongoing renovations at the...
NEWS & CURRENT EVENTS
North Dakota Governor Signs ‘Historic’ Property Tax Bill
The bill more than triples the state’s existing primary residence property tax credit from $500 per year to $1,600 per year. Continue Reading North Dakota Governor Signs ‘Historic’ Property Tax Bill
Amazon Acquires 23-Story Manhattan Office Property
The 600,000-square-foot property was constructed in 1896 and is entirely vacant. Continue Reading Amazon Acquires 23-Story Manhattan Office Property
Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht
John Tamahere McCabe is scheduled for an Oct. 16 sentencing hearing and faces a statutory maximum sentence of 20 years in federal prison. Continue Reading Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht
NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage
Jumaane Williams owed nearly $1 million in mortgage debt. Continue Reading NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage
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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.
The Most Overpriced Housing Market Is…
Atlanta’s homes are 41.72% overpriced compared to the long-term pricing trends. Continue Reading The Most Overpriced Housing Market Is…
78-Year-Old Man Assaults Florida Real Estate Agent Before an Open House
Carlos Da Silva was arrested and charged with burglary of a dwelling with assault and battery and simple battery. Continue Reading 78-Year-Old Man Assaults Florida Real Estate Agent Before an Open House
Person of the Week: Historian Charles Pappas on How the World’s Fair Impacts Development
New Orleans’ 1984 World’s Fair was a financial flop, but Pappas said its “long-term effect was one of profound prosperity.” Continue Reading Person of the Week: Historian Charles Pappas on How the World’s Fair Impacts Development
Mortgage Credit Availability Up in March
MBA’s Joel Kan noted the credit supply “remains low at nearly 7% below a year ago.” Continue Reading Mortgage Credit Availability Up in March
Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall
A recent data analysis determined the city risks losing more than $1 billion in tax revenue over the next five years. Continue Reading Boston Mayor Proposes Commercial Property Tax Hike to Plug Budget Shortfall
Lamacchia Realty Acquires Sears Real Estate
Lamacchia Realty is expanding its presence across Massachusetts with the acquisition of Springfield-based Sears Real Estate. Lamacchia Realty plans to continue to use the Sears Real Estate name along with Lamacchia Realty for at least a year during the branding...
HUD Accuses Luxury Condo Complex in Puerto Rico of Lacking Proper Accessibility
“It is unacceptable to deny residents equal use and enjoyment of their homes because of their disability,” said HUD’s Demetria L. McCain. Continue Reading HUD Accuses Luxury Condo Complex in Puerto Rico of Lacking Proper Accessibility
Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
The platform combines insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with deep learning and generative AI systems. Continue Reading Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
Welker Properties Launches Investor Vehicle for Off-Market Homes
Prophet Homes plans to expand across Texas and the Sunbelt states later in 2024. Continue Reading Welker Properties Launches Investor Vehicle for Off-Market Homes
MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike
The Seattle-headquartered company still has 53 locations across California. Continue Reading MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike
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