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Former Calgary Office Building to Become 204-Unit Rental Housing Development
“Calgarians urgently need continued investment in housing,” said Mayor Jeromy Farkas. Continue Reading Former Calgary Office Building to Become 204-Unit Rental Housing Development
Former Calgary Office Building to Become 204-Unit Rental Housing Development
“Calgarians urgently need continued investment in housing,” said Mayor Jeromy Farkas. Continue Reading Former Calgary Office Building to Become 204-Unit Rental Housing Development
Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations
The Federal Reserve resisted repeated calls by President Trump to cut rates. The Federal Open Market Committee, the central bank’s policy making arm, voted unanimously to maintain the target range for the federal funds rate at 4.25%to 4.5%. In announcing its decision,...
Mortgage Rates Trickle Lower
Mortgage rates continued to inch down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of June 18, down from last week when it averaged 6.84%. A year ago at this time, it averaged...
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...
NEWS & CURRENT EVENTS
United Wholesale Mortgage in AI Partnership with Google Cloud
UWM will integrate Google Cloud AI and machine learning tools into its lending platform. Continue Reading United Wholesale Mortgage in AI Partnership with Google Cloud
Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
The property is anchored by a 25,191-square-foot Safeway grocer and a 14,500-square-foot CVS Pharmacy. Continue Reading Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down payment. Continue Reading Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port said the rezoning “appears that substantially all of the developable land covered by the Council’s action is controlled by one property owner.” Continue Reading Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Realty One Group Expands Into Greek Market
The company has more than 400 locations in 49 U.S. states, Washington D.C. and 20 countries and territories. Continue Reading Realty One Group Expands Into Greek Market
MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024
“2023 is likely to go into the record books as the slowest year for commercial real estate borrowing and lending in roughly a decade,” said MBA’s Jamie Woodwell. Continue Reading MBA Forecasts $576 Billion in Commercial and Multifamily Mortgage Activity for 2024
Saudi Government Changes Policy for Real Estate Investing in Holy Cities
The kingdom is seeking to diversify financing products in the Saudi capital market by developing a debt market, real estate contributions, and other developments in the funds sector. Continue Reading Saudi Government Changes Policy for Real Estate Investing in Holy Cities
Is Putin Trying to Buy Back Alaska for Russia?
In 1867, the financially struggling government of Tsar Alexander II sold its sparsely populated Alaskan colony to the U.S. government for $7.2 million. Continue Reading Is Putin Trying to Buy Back Alaska for Russia?
Brennan Investment Group Acquires Florida Industrial Facility
Brennan plans to undertake construction of a 249,600-square-foot expansion on the adjoining 18-acre parcel of land. Continue Reading Brennan Investment Group Acquires Florida Industrial Facility
Consolidated Analytics Acquires Real Info
The financial terms of the deal were not released. Continue Reading Consolidated Analytics Acquires Real Info
Thompson Thrift Acquires 20 Acres for Retail Development Near Phoenix
Construction of the first phase is slated to begin in April. Continue Reading Thompson Thrift Acquires 20 Acres for Retail Development Near Phoenix
Jill Ecuyer Joins Mohr Partners as Managing Partner in Charlotte Office
Before joining Mohr Partners, Ecuyer served as a senior associate for Crossman & Company. Continue Reading Jill Ecuyer Joins Mohr Partners as Managing Partner in Charlotte Office
A Phil Hall Op-Ed: Xi Jinping Has a US Farm, E-I-E-I-O
The GAO found the USDA “does not sufficiently verify and conduct quality reviews to track the accuracy and completeness” of the data being collected. Continue Reading A Phil Hall Op-Ed: Xi Jinping Has a US Farm, E-I-E-I-O
Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million
The company paid $963 million for the 715-717 Fifth Ave. property on the southeast corner of 56th Street. Continue Reading Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million
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