Friday, May 9, 2025 5:34:07 PM UTC
Fed Members Assessing Risks, but ‘Hard Data’ Still Positive

After the Federal Reserve chose to hold rates steady at its meeting last week, sparking more criticism from President Donald Trump, Fed governors were once again out on the media circuit, seeking to explain their perspectives on the path forward as uncertainty continues to bloom regarding the state of the economy. In Iceland early Friday…

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PropStream to Exhibit and Speak at 2025 InvestHER Conference

Real estate data platform PropStream has has announced its participation in the upcoming InvestHER Conference, taking place June 1–3 in Orlando, Florida. InvestHER Con is an event tailored for women investors. It offers hands-on education, strategy sessions and mindset coaching in a supportive and empowering environment, a press release stated. Contributing as a speaker and…

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Home Equity Dips in Q1, but Remains Near Historic High

According to ATTOM Data’s first quarter 2025 U.S. Home Equity & Underwater Report, while 46.2% of mortgaged residential properties in the country were considered equity-rich in the first quarter of the year—down from 47.7% in Q4 2024—47 states experienced a slight drop in the proportion of equity-rich properties (properties that have a loan balance not…

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Mortgage Mix: Rocket’s Acquisition of Redfin Hits Bump; United Posts Loss

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Rocket, parent company of Rocket Mortgage, has seen a bump in the road to its planned acquisition of brokerage, portal giant and mortgage originator Redfin. Bruce Miller, an investor at Redfin, is suing to…

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Rocket Talks Mr. Cooper and Redfin Deals, Touts AI on Earnings

Rocket Companies, ahead of the completed acquisition of Mr. Cooper and the deal to purchase Redfin, continued to see high revenues and other success in its recent Q1 2025 earnings call. The company reported a Q1 adjusted revenue of $1.3 billion, which executives said came in “at the high end of our guidance range.” This…

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Okanagan Market Update

Local Residential Real Estate Market Heading In The Right Direction

KELOWNA, B.C. – June 2nd, 2020. Residential sales across the region of Revelstoke to Peachland increased 95% totaling 446 units sold in May compared to April’s 299 unit yet remained down 42% from this time last year reports the Okanagan Mainline Real Estate Board (OMREB).


New residential listings also saw an uptick totaling 1,198, an increase of 49% compared to last month’s new listings. Overall active listings increased 9% over April’s inventory of 3,467 yet remained 16% lower than April 2019’s
inventory of 4,490.


“While we are still in the midst of a global pandemic it is encouraging to see that residential sales are moving at an upward trajectory,” says OMREB President Kim Heizmann, adding that “we are starting to see a return to real estate activity which looks promising for the future, however we remain cautious about predicting future outcomes as many economic factors will have impacts.”


“Virtual tours and alternative technological solutions have ensured that real estate transactions can continue to transpire responsibly.”


The average number of days to sell a home increased from 83 days to 91 days. It is important to note that OMREB reports on all market statistics for the entire Board region and that the indicators will vary depending on home type and sub-region.


Whether you are a buyer or a seller, it’s always a good idea to work with a REALTOR® who will protect your interests on such a significant financial transaction.


More info on the Okanagan Mainline Real Estate Board Here

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Categories:   Kelowna
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