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When Mortgage Rates Rise Flipped Homes Fall Flat
Prnewswire· 2025-12-18 11:00
Core Insights - Renovated homes are still attracting online interest and selling faster than older homes, but the pricing power and returns for flipped homes have weakened due to higher mortgage rates affecting buyer demand [2][3][5] - The performance gap between flipped homes and older homes has narrowed compared to 2021, with flipped homes receiving fewer page views and spending more time on the market [4][5] Market Performance - Flipped homes have a median listing price of approximately $380,000, slightly lower than the $385,000 for other older homes, but they are typically smaller and have a higher price per square foot [3][4] - In October 2025, flipped homes received about 6.5% more page views per listing and spent roughly 10 fewer days on the market compared to older homes, a significant decrease from the 25% advantage in 2021 [4][5] Sales Dynamics - Among flipped homes listed in July 2025, the median sale price was at an 8.3% discount from the highest post-renovation listing price, compared to a 2.9% discount for older homes [5] - The typical flipped home was purchased at 51.4% of its metro's median single-family home price and listed at 87.8% of the median after renovation [6] Flip Factor - The "Flip Factor," a new metric introduced in the report, measures the price increase of flipped homes relative to their pre-renovation prices, with a national average of 36.4 percentage points [7][8] - Only eight U.S. metros saw flipped homes listed above the local median price, indicating that significant value addition through renovations is rare [8][11] Regional Insights - Pittsburgh and Cape Coral, FL, are notable for having flipped homes listed above the market median, with Pittsburgh showing a Flip Factor of 58.2 percentage points [10][11] - The report highlights that affordable markets tend to see the largest price jumps relative to the market, with several metros demonstrating significant Flip Factors [9][10]
What to Look For in a Family EV, Illustrated by the VF 8
Businesswire· 2025-12-18 11:00
Core Insights - The VF 8 is highlighted as a family-friendly electric vehicle (EV) that combines space, comfort, and electric performance to enhance travel experiences [1] Group 1: Vehicle Features - The VF 8 offers a practical mix of attributes that make it suitable for family travel, emphasizing the importance of comfort and performance [1] - The vehicle is positioned as a solution for families looking for an effortless travel experience [1] Group 2: Consumer Considerations - Selecting a family vehicle involves more than just meeting basic requirements; it requires long-term planning and envisioning future travel needs [1]
Primary Hydrogen Provides Wicheeda North Permitting Update and Announces Corporate Change
TMX Newsfile· 2025-12-18 11:00
Core Viewpoint - Primary Hydrogen Corp. is advancing its permitting activities for the Wicheeda North REE project in British Columbia and has announced a corporate change regarding its Vice President of Exploration [1][3]. Permitting Update - The Company submitted its Notice of Work application for Wicheeda North on August 1, 2025, which is currently in the consultation process with First Nations as per British Columbia regulations. The completion of this process is anticipated in early Q1 2026 [2]. - Following the necessary approvals, the Company plans to engage drilling contractors to execute a maiden drill program at the project [2]. Project Significance - Wicheeda North is viewed as a significant opportunity for the Company to engage in the growing rare earth element sector, particularly due to its proximity to Defense Metals' advanced Wicheeda deposit, which has a NI 43-101 compliant Measured and Indicated Resource of 29.3 million tonnes grading 2.27% Total Rare Earth Oxide (TREO) [3][5]. - Historical exploration has identified multiple geophysical and geochemical targets at Wicheeda North, which supports the exploration strategy based on the latest interpretations of REE mineralization [6]. Corporate Change - The Company announced the departure of Peter Lauder, P.Geo., from his role as Vice President, Exploration, acknowledging his contributions to the Company's exploration initiatives [3]. - The Company will utilize internal resources and qualified third-party contractors for the upcoming drill program at Wicheeda North [3]. Project Overview - The Wicheeda North Project consists of nine contiguous mineral claims covering 2,138 hectares (21.1 km²) located in the northern Cariboo Mining Division, British Columbia, within a region known for REE mineralization [4]. - The project is situated approximately 5 km northwest of the Wicheeda Rare Earth Element Deposit, which has significant resources [5].
SAMA Water signs SAR 1.3M contract for work on 2 production lines
ArgaamPlus· 2025-12-18 11:00
Group 1 - The company SAMA Healthy Water Factory Co. has expanded its contract with Krones AG to include additional works for two new production lines [2][5] - The value of the additional works is set at EUR 300,000, equivalent to SAR 1.32 million [3] - The total project cost has increased to EUR 9.3 million, approximately SAR 41.05 million, due to the additional works [5][10] Group 2 - Payment for the additional works will consist of a 15% advance payment of EUR 45,000 (SAR 198,600) and the remaining 85% financed through a first-tier German bank [4] - The contract duration has been extended until the end of 2026, aligning with the expected delivery date [5] - The financial impact of the new production lines is anticipated to positively affect the company's financial results in H1 2027 [6] Group 3 - The new production lines will manufacture bottled water in various sizes, adhering to Saudi Arabian standards [9] - The original agreement signed in April with Krones AG was for the supply and installation of equipment for these production lines [8]
Orecap to Become 19.9% Shareholder of Kirkland Lake Discoveries Corp.
TMX Newsfile· 2025-12-18 11:00
Core Viewpoint - Orecap Invest Corp. has entered into a definitive agreement to sell its 100%-owned Mirado property for a 19.9% equity stake in Kirkland Lake Discoveries Corp., reflecting a strategic shift towards holding significant equity positions in high-quality exploration companies [1][2][14]. Transaction Details - The transaction involves Orecap receiving approximately 40,050,398 shares of KLDC, valued at $11.4 million based on KLDC's closing price on December 17, 2025 [3][14]. - The shares received will be subject to a statutory four-month hold period following the closing date [7]. - The transaction is pending approval from the TSX Venture Exchange and is expected to close in January 2026 [8]. Strategic Rationale - This investment aligns with Orecap's strategy of focusing on well-capitalized companies with high-potential assets and strong management teams [4][6]. - By acquiring a stake in KLDC, Orecap increases its exposure to the Kirkland Lake region, which is known for its rich gold deposits [4][10]. Portfolio Impact - Orecap's investment in KLDC complements its existing 13.9% interest in Stardust Metal Corp., enhancing its overall exposure in the Kirkland Lake area [5]. - The transaction allows Orecap to concentrate on equity positions rather than direct ownership of land, while still retaining exposure to the Mirado Project through KLDC [6][14]. Company Background - Orecap Invest Corp. focuses on special situation investments in the natural resource sector, aiming for high returns on precious and critical metal assets [9]. - Kirkland Lake Discoveries Corp. holds a significant exploration portfolio in the Kirkland Lake region, which is recognized as one of the most prolific mining districts globally [10][11].
Kirkland Lake Discoveries Signs Definitive Agreement to Acquire the Mirado Project with Historical Gold Inferred Resource of 10.6 Mt at 1.29 g/t for 442,000 oz
TMX Newsfile· 2025-12-18 11:00
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce that it has entered into a definitive agreement dated December 16, 2025 (the "Purchase Agreement") with Orecap Invest Corp. ("Orecap") providing for the acquisition of the Mirado Gold Project, a 2,500-hectare property hosting an inferred historical resource of 10.6 Mt at 1.29 g/t for ~442,000 oz Au with strong opportunities for near-resource expansi ...
Sequans Communications Announces Completion of ADS Repurchase Program and Approval of New Buyback Authorization
TMX Newsfile· 2025-12-18 11:00
Paris, France--(Newsfile Corp. - December 18, 2025) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a pioneer in Bitcoin treasury and a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced the successful completion of its previously authorized ADS repurchase program and the approval of a new program by its Board of Directors.As of December 17, 2025, Sequans has repurchased a total of 1,516,973 American Depositary Shares ("ADSs"), representing approximatel ...
Rudolph and Sletten Awarded UC Davis Health Central Utility Plant Expansion
Businesswire· 2025-12-18 11:00
Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning an ...
VIZSLA SILVER TO ACQUIRE STRATEGIC CLAIMS SURROUNDING PANUCO FROM FRESNILLO PLC
Prnewswire· 2025-12-18 11:00
NYSE: VZLA TSX: VZLA VANCOUVER, BC, Dec. 18, 2025 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce that it has entered into an agreement to acquire from Minera Fresnillo S.A. de C.V., a subsidiary of Fresnillo plc ("Fresnillo") ten claims comprising 2,378 Ha (the "Claims") along the highly prospective Panuco – San Dimas corridor. Seven of these claims (the "Strategic Claims") comprising 1,734 Ha are strategic and occur adj ...
AIG Becomes Largest Shareholder and Strategic Partner of Salford City FC in Landmark Multi-Year Agreement
Prnewswire· 2025-12-18 11:00
Global Insurance Leader Deepens Commitment Across Football Operations, GenAI, Infrastructure,Commercial Growth and Community Impact, with FurtherPartnership Activations to be Announced During the 2026/2027 Season SALFORD, England, Dec. 18, 2025 /PRNewswire/ -- Salford City FC today announced a landmark expansion of its relationship with AIG, confirming the global insurance leader as the Club's largest shareholder and long-term strategic partner, supported by a new multi-year commercial partnership running ...