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New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
Sterling Organization, a private equity retail real estate investment firm based in West Palm Beach, Florida, has acquired Rossmoor Shopping Center, a 118,846-square-foot shopping center in Walnut Creek, California, for $61.1 million. Located in the San Francisco Bay...
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
A new survey from Redfin (NASDAQ: RDFN) has found one in five (20%) prospective homebuyers are expecting to sell stocks to help fund their next down payment. Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down...
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port of Seattle has filed an appeal in King County Superior Court to overturn the Seattle City Council’s decision to permit residential development in the industrial area surrounding the deepwater port. In a statement, the Port said the rezoning “appears that...
NEWS & CURRENT EVENTS
Class Valuation Names Jonathan Willen as Chief Revenue Officer
Willen most recently served as the CRO at LERETA, where he led the sales, marketing, and account management teams. Continue Reading Class Valuation Names Jonathan Willen as Chief Revenue Officer
HUD Announces Settlement with PHH Mortgage Corporation Over Improper Fees
HUD noted the settlement did not constitute an admission of fault or liability by PHH. Continue Reading HUD Announces Settlement with PHH Mortgage Corporation Over Improper Fees
Report: FTC to Sue Greystar Over Improper Fee Charges to Rental Housing Tenants
Greystar pushed back on the notion that the company was cheating its tenants. Continue Reading Report: FTC to Sue Greystar Over Improper Fee Charges to Rental Housing Tenants
Cushman & Wakefield Pushes Back at DOJ Charges of Rent Hike Conspiracy
“C&W is not a landlord,” said the company in a letter to investors. Continue Reading Cushman & Wakefield Pushes Back at DOJ Charges of Rent Hike Conspiracy
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Weekly Real Estate News Promotes Leora Ruzin
SALT LAKE CITY -- April 03, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced that...
US Ranks Among Third Lowest Countries for Homeowners Without Mortgages
Lithuania had the highest percentage of mortgage-free homeownership. Continue Reading US Ranks Among Third Lowest Countries for Homeowners Without Mortgages
Questrade Launches Product for First-Time Canadian Homebuyers
The new product follows last year’s introduction of the QuestMortgage online mortgage service. Continue Reading Questrade Launches Product for First-Time Canadian Homebuyers
SoFi Technologies Acquires Fintech Mortgage Lender
The financial terms of the acquisition were not disclosed. Continue Reading SoFi Technologies Acquires Fintech Mortgage Lender
Most UK Homeowners Fear They Will Not Make Their Mortgage Payments
one-third thought they would need to ask parents or relatives for help with their home loan repayments. Continue Reading Most UK Homeowners Fear They Will Not Make Their Mortgage Payments
A Phil Hall Op-Ed: Still Making the Same Mistakes
(This is the first weekly op-ed column from our new editor, longtime real estate and mortgage industry journalist Phil Hall.) A few years ago, I arrived home from work on a July evening and found a bright yellow square-shaped envelope in my mailbox. In handling the...
Early-Stage Homebuying Demand at Highest Level Since May
Pending sales fell 19% year-over-year in the four weeks ending March 26. Continue Reading Early-Stage Homebuying Demand at Highest Level Since May
HUD Awards $5.5 Million to HBCUs for Housing Research
“HBCUs create economic opportunity both for their students and throughout the communities they serve,” said HUD Secretary Marcia Fudge in a press statement. Continue Reading HUD Awards $5.5 Million to HBCUs for Housing Research
Realtors Say Home Staging Can Create Faster Sales with Bigger Returns
Four out of five buyers’ agents (81%) said staging a home made it easier for a buyer to visualize the property’s potential. Continue Reading Realtors Say Home Staging Can Create Faster Sales with Bigger Returns
GSEs Update Deferral Policies for Mortgage Payments
The GSEs’ payment deferral policies were expanded during the pandemic. Continue Reading GSEs Update Deferral Policies for Mortgage Payments
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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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