91-Unit Rental Home Community Opens in Edmonton

by Phil Hall | Oct 16, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A new 91-unit rental home community has opened in Edmonton, Alberta. The Parkside North Townhomes were built on the former military base Griesbach Barracks. The development was funded with $44.9 million provided by Canada’s federal government, Canada Lands and the...

Mortgage Rates Take Another Tumble

by Phil Hall | Oct 16, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16, down from last week when it averaged 6.30%. A year ago at this...

Builder Confidence Rises Despite Market Challenges

by Phil Hall | Oct 16, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There was a new rush of optimism in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which found builder confidence at a 37 level, up five points from September and the highest reading since April. Readings over 50...

Q3 Home Sales Profits Near 50% Margin

by Phil Hall | Oct 16, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners, on average, made a 49.9% profit selling single-family homes and condos during the third quarter, up from a 49.3% profit margin in the previous quarter but down from the 55.4% average profit in the third quarter of 2024. The profit margin is the percent...

NYC Median Rent Up 5.4% from Last Year

by Phil Hall | Oct 16, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in New York City reached $3,599 during the third quarter, up 5.4% from one year ago, according to the latest NYC Rent Report from Realtor.com. The current median rent for the city’s residents is now 20.2% higher than it was prior to the...