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California Home Sales Rebounded in September
In September, California’s median home price fell 1.7% to $883,640, down from $899,130 in August. Continue Reading California Home Sales Rebounded in September
California Home Sales Rebounded in September
In September, California’s median home price fell 1.7% to $883,640, down from $899,130 in August. Continue Reading California Home Sales Rebounded in September
Crescent Seas Adds Second Ship to Nautical Residential Portfolio
Crescent Seas, a provider of residential luxury living at sea, has added of a second ship to its portfolio. The Crescent Seas' second ship, Insignia, will undergo a more than $50 million comprehensive revitalization and will feature 290 residences priced from $650,000...
Mortgage Rates Continue to Decline
Mortgage rates sank again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.64% as of April 3, down slightly from last week when it averaged 6.65%. A year ago at this time, it averaged...
Avanti Residential Unveils LIHTC-Focused Affiliate
Avanti Residential, a Denver-based multifamily investor and operator, has rolled out its new affiliate Avanti Residential Housing, which will focus on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation. The new Tampa-based affiliate will...
NEWS & CURRENT EVENTS
UCLA Launches Master of Real Estate Development Program
UCLA appointed Dr. Greg Morrow to lead the new program. Continue Reading UCLA Launches Master of Real Estate Development Program
Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year
Roughly three-quarters of Canadians stated they were unlikely to purchase a new home in the coming year. Continue Reading Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year
Justice Department Sues Six Corporate Landlords for Algorithmic Pricing Scheme
During his aborted re-election campaign, President Biden blamed “corporate greed” for rising costs in rental housing. Continue Reading Justice Department Sues Six Corporate Landlords for Algorithmic Pricing Scheme
Three Wildfires Scorch Los Angeles County; Tens of Thousands Evacuated
No deaths have been reported, and the depth of the property damage from the fires is unclear. Continue Reading Three Wildfires Scorch Los Angeles County; Tens of Thousands Evacuated
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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.
Flagstar Bank Donates $1 Million to Expand Appraiser Diversity
New York Community Bancorp, Inc. announced that its subsidiary, Flagstar Bank, N.A., has donated $1 million to the Appraiser Diversity Initiative (ADI), a collaboration between the Appraisal Institute, the National Urban League, Fannie Mae, and Freddie Mac. The...
Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’
Better Mortgage announced the launch of the Equity Unlocker program, a new financial product designed for those with vested equity in their employer, like many employees in the tech space. Amazon employees will be the first to have access to the Equity Unlocker, which...
Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years
ATTOM, a curator of land, property, and real estate data released its fourth-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the fourth...
Economist and Housing panel expects home prices will grow at a steady pace starting in 2024
Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales...
Hanover Insurance Group Partners with Harris Poll to Develop 2023 Home Buying and Renovation Report
The Hanover Insurance Group, Inc. released its 2023 Home Buying and Renovation Report, which provides insights into recent home buying trends and plans for renovations in the new year. The Hanover commissioned The Harris Poll to conduct the research, which found that...
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