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Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio
Montreal-headquartered PRO Real Estate Investment Trust (PROREIT) (TSX: PRV.UN) has acquired a six-asset portfolio of Winnipeg industrial properties for $96.5 million from Parkit Enterprise Inc. (TSX.V: PKT). The portfolio encompasses 678,177 square feet of gross...
The Cheapest Metro Area for Buying a Home Is…
The Rust Belt and the South dominate the list of the 10 least expensive metros for buying a home, according to a new data report from Redfin (NASDAQ: RDFN). In a survey of the nation’s 91 most populous metro areas during March, Detroit topped the list with the lowest...
Homelessness Advocacy Groups Blast Newsom in Blaming Cities for Encampments
Two prominent advocacy groups focused on homelessness has blasted California Gov. Gavin Newsom for blaming city and county governments for exacerbating the state’s elevated homeless population. Yesterday, Newsom issued a model ordinance for cities and counties to...
NEWS & CURRENT EVENTS
Alpha Residential to Launch 352-Unit Community in Pittsburgh Area
The development will be located 13 miles from downtown Pittsburgh. Continue Reading Alpha Residential to Launch 352-Unit Community in Pittsburgh Area
FHA Union Claims Workplace Layoffs are Imminent
Antonio Gaines said it was uncertain how many FHA workers would be laid off Continue Reading FHA Union Claims Workplace Layoffs are Imminent
Shant Banosian Named President of Rate Mortgage
Banosian joined the company (formerly Guaranteed Rate) in 2007 and was most recently executive vice president for sales. Continue Reading Shant Banosian Named President of Rate Mortgage
Ohio Real Estate Agent Fired After Leaving Hateful Message on Mexican Restaurant Receipt
Stephanie Lovins wrote “I hope Trump deports you!!!” on the receipt. Continue Reading Ohio Real Estate Agent Fired After Leaving Hateful Message on Mexican Restaurant Receipt
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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.
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
On April 23, 2021, ACI Payments erroneously used live customer data in a test of its Speedpay platform. Continue Reading ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs
DPA One is available at no cost to lenders, housing counselors and down payment assistance program providers. Continue Reading Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs
Canadian Home Starts Up in September
Bob Dugan, CMHC’s chief economist, said. “Multi-unit starts activity has persisted and maintained similar levels to 2022 despite the higher interest rate environment.” Continue Reading Canadian Home Starts Up in September
Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home
Buyers “should think outside the box,” said Redfin Economics Research Lead Chen Zhao. Continue Reading Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home
Longpoint Realty Partners Closes Third Institutional Fund
“The fund will serve our logistics clients by creating functional warehouse nodes close to population centers,” said Dwight Angelini, managing and founding partner at Longpoint. Continue Reading Longpoint Realty Partners Closes Third Institutional Fund
RE/MAX: September’s Median Sales Price Was $415,000
Homes sold for an average of 99% of the listing price in September. Continue Reading RE/MAX: September’s Median Sales Price Was $415,000
Housing Starts Up in September
Single‐family authorizations in September were at a rate of 965,000, up 1.8% from the revised August figure of 948,000. Continue Reading Housing Starts Up in September
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
Arkansas Orders Chinese-Owned Agtech Company to Sell Farmland
“This is about where your loyalties lie,” Gov. Sanders said. Continue Reading Arkansas Orders Chinese-Owned Agtech Company to Sell Farmland
Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer
“Choice’s offer is underwhelming, highly conditional, and subject to significant business, regulatory and execution risk,” said Wyndham Chairman Stephen P. Holmes. Continue Reading Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer
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