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Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
These combined costs were up 4.7% from one year ago. Continue Reading Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
These combined costs were up 4.7% from one year ago. Continue Reading Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
Builder Confidence Sinks to Lowest Level Since December 2022
Builder sentiment sank this month to its lowest reading since December 2022 and its third lowest since 2012. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built...
Mortgage Applications for New Home Purchases Down in May
Mortgage applications for new home purchases in May was down by 4.5% compared to one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month basis, applications decreased by 9%. MBA estimated that new single-family home sales...
Canadian Housing Starts Mostly Flat in May
The seasonally adjusted annual rate for housing starts in Canada was down by a scant 0.2% in May, with 279,510 units compared to the 280,181 units in April. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 9%...
NEWS & CURRENT EVENTS
Coldwell Banker Opens First Office in Switzerland
The Montreux-based Coldwell Banker Only Realty – No Bank Swiss Riviera will be run by Managing Director Olivier Fahrni. Continue Reading Coldwell Banker Opens First Office in Switzerland
Hits and Misses for the Real Estate Week of March 31-April 4
An unlikely speaker at a real estate conference, an unlikely subject for a new museum and unlikely behavior by a mortgage industry CEO. Continue Reading Hits and Misses for the Real Estate Week of March 31-April 4
Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million
The communities are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma, and Tennessee. Continue Reading Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million
VA to End Mortgage Rescue Program for Veterans
Mortgage Bankers Association President and CEO Bob Broeksmit criticized the decision. Continue Reading VA to End Mortgage Rescue Program for Veterans
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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.
Mortgage Rates Hold Steady in the Mid-6% Range
The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Hold Steady in the Mid-6% Range
Foreclosure Filings Up 10% in 2023
The state with the highest foreclosure rates in 2023 was New Jersey with 0.46% of housing units with a foreclosure filing. Continue Reading Foreclosure Filings Up 10% in 2023
CFPB Issues Guidance on Background Check Reports and Credit File Sharing
CFPB Director Rohit Chopra said background check reports “must be accurate, up to date, and available to the people that the reports are about.” Continue Reading CFPB Issues Guidance on Background Check Reports and Credit File Sharing
Requity Homes Closes on $26 Million Financing Round
Requity Homes offers Canadians a rent-to-own program. Continue Reading Requity Homes Closes on $26 Million Financing Round
UC Asset LP Begins Stock Buyback Program
Founder Larry Wu said the trading activity of the company’s common shares “has not always shown consistent correlation to our profitability.” Continue Reading UC Asset LP Begins Stock Buyback Program
NRL Mortgage and Calque Unveil The Trade-In Mortgage
“NRL Mortgage stood out as one of the top mortgage lenders to offer The Trade-In Mortgage,” said Dan Mugge, chief operating officer at Calque. Continue Reading NRL Mortgage and Calque Unveil The Trade-In Mortgage
Vacation Home Marketplace Pacaso Expands to Paris
The two-bedroom, two-and-a-half-bathroom home occupies the second floor of an 18th-century building. Continue Reading Vacation Home Marketplace Pacaso Expands to Paris
California Home of Monkee Michael Nesmith Sells for $3.25 Million
The singer-songwriter died at his home in 2021 from heart failure at the age of 78. Continue Reading California Home of Monkee Michael Nesmith Sells for $3.25 Million
Mortgage Application Volume Up Nearly 10%
The holiday adjusted Refinance Index increased 19% from the previous week and was 30% higher than the same week one year ago. Continue Reading Mortgage Application Volume Up Nearly 10%
HUD Awards $40 Million to Housing Counseling Services
HUD plans to award grants to more than 150 housing counseling agencies and intermediary organizations. Continue Reading HUD Awards $40 Million to Housing Counseling Services
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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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