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Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
A Frank Lloyd Wright-designed residence in Kalamazoo, Michigan, was sold after nearly one year and a $1 million cut to its listing price. Realtor.com reports the Usonian-style property known as the Robert D. and Winifred L. Winn House was first listed in June 2024 for...
Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion
The sports retail submarket is experiencing a major shift as Dick’s Sporting Goods Inc. (NYSE: DKS) announced its $2.4 billion acquisition of Foot Locker Inc. (NYSE: FL). Dick’s expects to operate Foot Locker as a standalone business unit within its portfolio and...
Study: Abandoned Residential Properties Could be Worth Over $150 Billion
Abandoned residential properties may collectively be worth over $150 billion, according to a new study by the data provider PropertyChecker. The study observed there are roughly 15 million vacant homes across the US, with over 6.2 million of these properties being...
NEWS & CURRENT EVENTS
Study: Municipal Fees Drive Up Canadian Homebuilding Costs
CHBA predicted the 2022-2031 period will become the decade with the fewest homes built per new persons added to the Canadian population since at least 1972. Continue Reading Study: Municipal Fees Drive Up Canadian Homebuilding Costs
Executive Shake-Up at loanDepot
Frank Martell will step down as president, CEO and a board member. Continue Reading Executive Shake-Up at loanDepot
Matthew Cenedella Named CFO at National Association of Realtors
Cenedella will succeed NAR’s longtime CFO John Pierpoint, who will retire at the end of the month. Continue Reading Matthew Cenedella Named CFO at National Association of Realtors
Tulsa’s McGraw Realtors Acquires Arkansas Brokerage
McGraw was founded in 1938 and operates 21 offices across Oklahoma, Arkansas, and Colorado. Continue Reading Tulsa’s McGraw Realtors Acquires Arkansas Brokerage
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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.
New Platform Helps Bay Area Residents Stay in Their Homes
Stay Housed Bay Area is billed as the first region-wide platform of its kind. Continue Reading New Platform Helps Bay Area Residents Stay in Their Homes
David Rattner Joins Tredway as Vice President
Rattner will be responsible for underwriting, structuring and leading the development of affordable and mixed-income housing. Continue Reading David Rattner Joins Tredway as Vice President
Guest Opinion: How CDFIs Address the Obstacles in Native American Homeownership
Unfortunately, there are limited options for Native CDFI’s providing mortgage lending to sell mortgage portfolios to the secondary housing market. Continue Reading Guest Opinion: How CDFIs Address the Obstacles in Native American Homeownership
Mortgage Rates Keep Climbing to the 8% Mark
The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. Continue Reading Mortgage Rates Keep Climbing to the 8% Mark
NYC’s Landmark Flatiron Building to be Converted Into Residences
The triangular building opened in 1902 and has been vacant since 2019. Continue Reading NYC’s Landmark Flatiron Building to be Converted Into Residences
Tech Trends: New Technology Helps You Really Know Your Customer
Truv is an open finance platform that enables financial organizations with access to every data source available. Continue Reading Tech Trends: New Technology Helps You Really Know Your Customer
Proptech NewHomesMate Expands Service to Atlanta
According to the company, NewHomesMate will help Atlanta-area builders improve the marketing of their properties. Continue Reading Proptech NewHomesMate Expands Service to Atlanta
Southern First Bancshares Opens Dream Mortgage Center
The center will provide homebuyer education and outreach in an underserved community of South Carolina. Continue Reading Southern First Bancshares Opens Dream Mortgage Center
Timothy Doman named EVP and Head of Real Estate for Workbox
Prior to joining Workbox, Doman served as the executive vice president and chief operating officer of Care Capital Properties. Continue Reading Timothy Doman named EVP and Head of Real Estate for Workbox
NAR: Pending Home Sales Up in September
“Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” said Lawrence Yun, NAR chief economist. Continue Reading NAR: Pending Home Sales Up in September
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