real estate news usa Archives

Anywhere to Release Second Quarter 2023 Financial Results and Host Webcast on July 25, 2023

18/07/2023dansa

MADISONS, NJ, July 17, 2023 /PRNewswire/ — Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, will release its financial results for the second quarter ended June 30, 2023on Tuesday, July 252023. The company will host a conference call and webcast to discuss its results and provide a business update that morning at 8:30am ET.

Anywhere RE Logo (PRNewsfoto/Realogy Holdings Corp.)

Investors may access the conference call live via webcast at anywhere.re under “Investors” or by dialing 888-330-3077 (toll free); international participants should dial 646-960-0674. Please dial in at least five to 10 minutes prior to start time. A webcast replay will also be available on the company’s website.

About Anywhere^BC

Anywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what’s next. A leader of integrated residential real estate services in the US, Anywhere includes franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter joint ventures, supporting approximately 1.2 million home transactions in 2022. The diverse Anywhere brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and

Rising Mortgage Approvals a Sign of Positive Market Growth

21/05/2023dansa

According to the most recent data released by the Bank of England, the number of mortgage approvals rose for the first time in six months between January and February of this year.

This period saw a rise from 39,647 to 43,563, following a sustained decline in the latter half of 2022. Although this signifies a gradual return to previous norms, February approvals remained a third lower than 12 months previous, so there is still quite a way to go to reach last year’s monthly average of 62,700.

Mortgage approval rates increased by a further 18% in March of this year to 52,000, which is good news for those seeking a loan who were previously struggling to get one.

This recent upward trend also appears to be aligning with UK house price forecastswhich predicts a return to growth by the beginning of next year in most areas.

As mortgages again become more accessible and the housing market begins to regain its strength, property investors should start to benefit from capital growth in a healthier and more stable market over the next few years.

…

Edgefront Real Estate Investment Trust (TSE:NXR) Expected to Earn Q4 2023 Earnings of $0.20 Per Share

18/05/2023dansa

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) – Research analysts at Desjardins lowered their Q4 2023 earnings estimates for shares of Edgefront Real Estate Investment Trust in a research report issued to clients and investors on Monday, May 15th. Desjardins analyst K. Stanley now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.21.

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) last announced its quarterly earnings results on Tuesday, March 14th. The company reported C$0.21) EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.42). The firm had revenue of C$36.86 million per quarter.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust Announces Dividends

Want More Great Investment Ideas?

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.053 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of ∞.

Edgefront Real Estate Investment Trust Company Profile

(Get Rating)

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective

The UK Property Market is Now in Better Health Than Four Years Ago

29/04/2023dansa

There are various ways we can use to track how the UK property market is performing.

One of the most common ones is house prices and how they are rising or falling. Rising prices mean that the market is performing well, while falling prices are usually a cause for concern.

The Land Registry’s UK House Price Index reports that prices rose by 6.3% annually from January 2023, the latest data available. This shows that the market is still going strong as prices are higher than in 2022.

A second way we can determine the health of the housing market is through the number of sales being agreed upon and completed.

Right now, sales are 11% higher than in 2019 according to Zoopla, which means more houses are being sold than four years ago. This is a good sign that there is a high demand for housing, which is good for the overall housing market.

Another way in which we can see how the housing market is performing is the number of properties for sale on the market.

Zoopla’s data indicates that 65% more homes are available on the market than in 2022, while estate agents have an average of 25

Bank Julius Baer & Co. Ltd Zurich Trims Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

06/04/2023dansa

Bank Julius Baer & Co. Ltd. Zurich lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 32.7% during the 4th quarter, according to the company’s most recent 13F filing with the SEC. The fund owned 3,060 shares of the real estate investment trust’s stock after selling 1,489 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alexandria Real Estate Equities were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in Alexandria Real Estate Equities by 29.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock valued at $548,683,000 after buying an additional 885,711 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 188.7% during the first quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after purchasing an additional 876,725 shares during the last quarter. Victory Capital Management Inc. lifted its position in Alexandria Real Estate

4 reasons you should look at a hard money loan for your real estate purchase, refi, or cash-out

31/03/2023dansa

Sponsored – The following content is created on behalf of Hard Money Lenders Arizona and does not reflect the opinions of Gray Media or its editorial staff. To learn more about Hard Money Lenders Arizona, visit HardMoneyLendersArizona.com.

PHOENIX (Arizona Hard Money Lenders) – Whether you’re looking for a home to stay in for the long term, fixing up and flipping houses, or creating VBROs, Airbnbs, or rentals, there are two ways to buy real estate – with cash and with financing. If you’re in a position to pay cash, you don’t need to worry about jumping through the flaming hoops between you and a mortgage. In fact, it might be time to consider becoming a private investor in others’ purchases. But that’s a story for another time. Today, we’re focusing on people who need financing to buy or refinance residential or commercial property.

Aerial view of a residential neighborhood

Most people believe a mortgage is the best – possibly the only – way to get the money you need to become a property owner. Securing a traditional mortgage can be tricky. It requires a massive amount of paperwork and it’s not a speedy process. It can take weeks or even months for the money to

RioCan Real Estate Investment Trust (TSE:REI.UN) PT Raised to C$26.00

20/02/2023dansa

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Rating) had its target price lifted by stock analysts at TD Securities from C$25.00 to C$26.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price objective would suggest a potential upside of 16.54% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank lowered their price target on RioCan Real Estate Investment Trust from C$26.25 to C$26.00 in a report on Friday. CIBC increased their price objective on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets decreased their price objective on RioCan Real Estate Investment Trust from C$24.75 to C$22.75 in a report on Monday, November 7th. Finally, National Bank shares increased their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to

Opinion: Stronger tenant protections keep real estate speculators at bay

08/02/2023dansa

Written for Daily Hive Urbanized by Neil Vokey, who is a renter in East Vancouver and a member of the Vancouver Tenants Union.

Last year, the City of Vancouver passed the controversial Broadway Plan covering 485 city blocks that parallel the incoming SkyTrain Millennium Line extension to Arbutus.

The Broadway Plan aims to guide development over the next 30 years and eventually double the corridor’s current residential population. However, even prior to the plan passing, real estate speculation along the corridor has already mounted enormous pressure on the thousands of tenants who live there — roughly 25% of the city’s existing purpose-built rental stock.

When members of the Vancouver Tenants Union (VTU) surveyed hundreds of renters living next to future subway stations, they talked to renters in buildings where services and communication had drastically scaled back after their buildings were sold — evidence that the new owners were interested in speculation opportunities more than being landlords. VTU members also found significant rent gaps — the difference between rents being paid and market rates — meaning that an eviction due to redevelopment would mean 60% to 70% rent increase for the average renter along Broadway.

Perhaps recognizing that this scale of

Missing DC real estate exec Ana Walshe owned multiple properties worth at least $1.88 million

21/01/2023dansa

A search of property records reveals that Ana Walshe had a valuable real estate portfolio and that she sold one property shortly before she disappeared.

Walshe owned at least four residential properties, according to publicly available property assessment records and tax records in Massachusetts, Maryland and Washington, DC, where she worked for a real estate firm. Her husband, Brian Walshe, is not listed as owner or co-owner of any of the properties.

Those properties include two apartments in Lynn, Massachusetts, a rowhouse in Baltimore, and a 2,500-square-foot home in DC.

At the time of her disappearance, Ana Walshe, whose husband was charged with her murder and in jail without bail, had a real estate portfolio worth nearly $2 million, according to CNN’s analysis of publicly available documents.

Ana Walshe sold at least two properties since March 2022, including one just days before her disappearance.

In March, she sold a home in Cohasset, Massachusetts, for nearly $1.4 million and purchased a home in DC for $1.3 million.

Since 2018, she sold at least four properties worth

Local real estate heads see ‘return to normalcy’ in 2023

09/01/2023dansa

The head of the local real estate association said we’re seeing more of a balanced market, and there’s more interest being seen from potential buyers to at least explore moves

The president of the Guelph and District Association of Realtors sees the local real estate market returning to normal next year.

A recent survey by Royal LePage is predicting a one per cent drop in the aggregate price of a home in Canada by the fourth quarter of 2023, to an estimated $765,171. That’s a drop from the $772,900 for Q4 this year.

Broken down, it’s seeing a two per cent decline in aggregate housing prices in the Greater Toronto Area, from $1,078,300 to $1,056,734.

The report didn’t discuss Guelph specifically in its forecast, but local association head Tyson Hinschberger noted Guelph and southern Ontario are always influenced by the GTA market.

So what does this all mean for Guelph?

“Certainly I think that at the end of the day, it speaks more to a return to normalcy and stability than probably a lot of the frenzy that we’ve seen over the last 12 to 18 months,” he said.

Speaking on behalf of the association, he believes the worst is