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Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Trump on Powell: ‘No, I Have No Intention of Firing Him’
Less than a week after declaring that Federal Reserve Chairman Jerome Powell’s “termination cannot come fast enough,” President Trump announced that he had “no intention” of removing the head of the central bank before his term expires in 2026. CNBC reports Trump...
California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels
A former California utility executive now serving in the state’s assembly has introduced a bill that would significantly reduce the energy credit benefits tied to rooftop solar power systems. The Los Angeles Times reports AB 942 would cut the current program’s...
Q1 Texas Home Sales Down Despite Boost in Active Listings
Home sales in Texas were down during the first quarter despite a surge in active listings, according to new data from Texas Realtors. The 70,944 sales that closed in the first quarter represented a 1.5% year-over-year decline, despite a 30.7% upswing in active...
NEWS & CURRENT EVENTS
Senate Confirms Scott Turner as HUD Secretary
The 52-year-old Turner is the first HUD Secretary who comes from a private sector real estate background. Continue Reading Senate Confirms Scott Turner as HUD Secretary
Texas-Based MLS to Enable Non-Realtor Access
NAR did not immediately comment on Unlock MLS’ announcement. Continue Reading Texas-Based MLS to Enable Non-Realtor Access
Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores
All the merchandise in the stores is on sale at up to 40% off. Continue Reading Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores
Mortgage Application Activity Heats Up
The refinance share of mortgage activity increased to 39.0% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity Heats Up
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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 Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
Redfin: Average Home Is Selling Above Its Asking Price Again
The median asking price of newly listed homes was $395,725, up 1.1% from a year earlier. Continue Reading Redfin: Average Home Is Selling Above Its Asking Price Again
Mortgage Application Activity Goes Into Decline
The refinance share of mortgage activity inched up to 27.4% of total applications. Continue Reading Mortgage Application Activity Goes Into Decline
KeyBank Launches New Program to Help Homebuyers with Closing Costs
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
30-Unit Development Site in Philadelphia Brokered for $3 Million
The townhomes are expected to sell in the $600,000-range. Continue Reading 30-Unit Development Site in Philadelphia Brokered for $3 Million
John P. Barron Named Chief Operating Officer at Trinity Group Construction
Barron was previously president and CEO of U.S. operations at Vector Foiltec. Continue Reading John P. Barron Named Chief Operating Officer at Trinity Group Construction
Attorney/Broker Bill Bubniak Joins Real Estate Faculty at University of Michigan
Bubniak is an executive vice president at NAI/Farbman. Continue Reading Attorney/Broker Bill Bubniak Joins Real Estate Faculty at University of Michigan
7,428 Acres of Wisconsin Farmland to be Auctioned in August
“The land is owned by a single organization, but farmers and investors will be allowed to bid on any combination of tracts offered in each session,” said auctioneer R.D. Schrader. Continue Reading 7,428 Acres of Wisconsin Farmland to be Auctioned in August
Russians Are Buying Up Lithuanian Residential Real Estate
A new Lithuanian law only allows Russians with residency permits to buy real estate in the country. Continue Reading Russians Are Buying Up Lithuanian Residential Real Estate
Manhattan’s Office Vacancy Level at New Record High
The availability rate rose by 20 basis points in the second quarter to 19.7%, the highest level recorded in six years. Continue Reading Manhattan’s Office Vacancy Level at New Record High
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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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