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Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
More than one-third (35%) of millennials citing rising housing costs as the biggest obstacle to their retirement readiness. Continue Reading Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
More than one-third (35%) of millennials citing rising housing costs as the biggest obstacle to their retirement readiness. Continue Reading Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
Sotheby’s International Realty Opens New Office in Hungary
Sotheby's International Realty announced the opening of Hungary Sotheby's International Realty, marking the company’s 197th European office. The Budapest-based Hungary Sotheby's International Realty will service the luxury residential market throughout the capital,...
Yes Communities Launches New Manufactured Housing Community in Florida
Denver-headquartered Yes Communities announced the grand opening of Savannas Ridge, its new manufactured housing community in Fort Pierce, Florida. According to the company, Savannas Ridge “offers a variety of home styles and open floor plans with modern finishes to...
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
Mortgage rates inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of May 29, up from last week when it averaged 6.86%. A year ago at this time, it averaged...
NEWS & CURRENT EVENTS
Kolter Homes Unveils New 55+ Community in Florida
The community will feature over 800 homes. Continue Reading Kolter Homes Unveils New 55+ Community in Florida
UK Government Plans to Build 18,000 New Social and Affordable Homes by 2029
The announcement follows government plans to train 60,000 construction workers to address a worker shortage in that sector. Continue Reading UK Government Plans to Build 18,000 New Social and Affordable Homes by 2029
FHFA’s Pulte Rescinds Five Biden-Era Housing Policy Actions
Pulte announced his actions in photographs of the paper-based orders posted to his personal X account. Continue Reading FHFA’s Pulte Rescinds Five Biden-Era Housing Policy Actions
Sluggish Refinance Activity Drives Down Mortgage Application Levels
The Refinance Index decreased 5% from the previous week, although it was 63% higher than the same week one year ago. Continue Reading Sluggish Refinance Activity Drives Down Mortgage Application Levels
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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.
CMBS Delinquency Rate Rises to 4.66%
The beleaguered office sector saw the greatest increase since September 2023 with a 48-basis-point spike to 6.30%. Continue Reading CMBS Delinquency Rate Rises to 4.66%
Unicoin Announces ‘Largest-Ever Cryptocurrency Real Estate Deal’ in Bahamas
The properties span 7,721 acres across two islands in the Caribbean nation. Continue Reading Unicoin Announces ‘Largest-Ever Cryptocurrency Real Estate Deal’ in Bahamas
Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building
This is the company’s first rehabilitation using Historic Tax Credits and its first in the state of Louisiana. Continue Reading Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building
Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate
The reports cover the apartment, industrial, office, strip center, mall, self-storage, senior housing, and single-family rental sectors. Continue Reading Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate
Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit
The terms of the settlement were not disclosed. Continue Reading Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit
Mortgage Rates Continue to Drop
“With continued deceleration in inflation we expect rates to decline further,” said Freddie Mac Chief Economist Sam Khater. Continue Reading Mortgage Rates Continue to Drop
New American Funding Acquires Draper and Kramer Mortgage Corp.
NAF stated the acquisition of DKMC will expand its presence in the Midwest and along the East Coast. Continue Reading New American Funding Acquires Draper and Kramer Mortgage Corp.
Housing Inventory Up for Third Straight Month
Compared to January 2023, the typical home spent four less days on the market. Continue Reading Housing Inventory Up for Third Straight Month
Home Equity Levels Down Slightly During Q4
The share of mortgaged homes that were seriously underwater was 2.6%, inching up slightly from 2.5% in the third quarter. Continue Reading Home Equity Levels Down Slightly During Q4
Alex Rampell Joins Board of Rocket Companies
Rampell currently serves as general partner at Andreessen Horowitz, focusing on fintech investments. Continue Reading Alex Rampell Joins Board of Rocket Companies
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