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Study: Fewer White Buyers Taking Out Mortgages
Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers. Continue Reading Study: Fewer White Buyers Taking Out Mortgages
Builders Publish 10-Point Plan to Address Housing Affordability Challenges
“The lack of homes is the primary cause of growing housing affordability challenges,” said NAHB Chairman Carl Harris. Continue Reading Builders Publish 10-Point Plan to Address Housing Affordability Challenges
Toronto Home Sales Down Despite Spike in New Listings
The average selling price inched up by 0.3% to $1.15 million. Continue Reading Toronto Home Sales Down Despite Spike in New Listings
Sean Hannity Lists Long Island Mansion for $13.75 Million
Hannity acquired the property through a limited liability company in 2008 for $8.5 million. Continue Reading Sean Hannity Lists Long Island Mansion for $13.75 Million
Floor & Decor to Open First NYC Store
Atlanta-headquartered Floor & Decor has 228 stores nationwide. Continue Reading Floor & Decor to Open First NYC Store
CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
The office delinquency rate spiked by 80 basis points to 7.38%. Continue Reading CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
Federal Reserve Keeps Rates Unchanged
The rate has been kept at that level since last July. Continue Reading Federal Reserve Keeps Rates Unchanged
Blackstone Completes Acquisition of Toronto’s Tricon Residential
“This transaction marks an exciting new chapter in Tricon’s history,” said Gary Berman, president and CEO of Tricon. Continue Reading Blackstone Completes Acquisition of Toronto’s Tricon Residential
JoAnn Blaylock Named President of Birchstone Residential
Blaylock was previously president of Quarterra Living, the property management arm of Lennar Corporation’s multifamily division. Continue Reading JoAnn Blaylock Named President of Birchstone Residential
Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
The fund will focus on acquiring and enhancing multifamily properties ranging from 20 to 50 units. Continue Reading Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
Colorado Real Estate Agent Sentenced for $1 Million Investor Scam
Brett Lamperes to pay more than $1 million in restitution to 14 victims. Continue Reading Colorado Real Estate Agent Sentenced for $1 Million Investor Scam
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Rising Housing Prices Force Adult Kids to Move Back with Parents
46% of parents said their adult children returned home to live with them at some point. Continue Reading Rising Housing Prices Force Adult Kids to Move Back with Parents
New Housing Department Proposed for North Carolina
The bill also seeks the finance the new agency with $30 million in recurring funds starting with the 2024-25 fiscal year. Continue Reading New Housing Department Proposed for North Carolina
Village Premier Collection Joins The Real Brokerage’s Private Label Program
The Atlanta-based Village Premier brings $665 million in annual home sales. Continue Reading Village Premier Collection Joins The Real Brokerage’s Private Label Program