Featured Real Estate News
Median Sold Price in Mid-Atlantic Region Hits Record High
The median sold price for the Mid-Atlantic region encompassed by Bright MLS reached $450,000 in May, a 3.4% year-over-year increase and the highest level on record. There were 24,153 new contracts on homes in May, a 4.5% increase from one year ago, although closed...
Median Sold Price in Mid-Atlantic Region Hits Record High
“While inventory is increasing, there are some markets where supply is still not keeping pace with demand,” said Bright MLS Chief Economist Lisa Sturtevant. Continue Reading Median Sold Price in Mid-Atlantic Region Hits Record High
Feds Sell Trump’s Former DC Hotel for $80 Million
The federal government sold has sold the Waldorf Astoria hotel in Washington, DC, which was originally the Post Office Building, for $80 million. The Wall Street Journal, sourcing its’ coverage from unnamed “people familiar with the matter,” report the sale involves...
Alec Baldwin Tries Another Price Cut to Sell His Hamptons Estate
Alec Baldwin is back in the real estate news headlines, this time with another price cut on his 8.28-acre Hamptons mansion that no one seems interested in buying. The five-bedroom, 5.5-bathroom residence in Amagansett, New York was first listed for $29 million in 2022...
Ex-Chicago Housing Authority Director Indicted in Kickback Scheme
The Office of the US Attorney for the Northern District of Illinois has indicted a former director for the Chicago Housing Authority (CHA) and the owner of a Chicago construction company on charges that they ran a multi-million-dollar kickback scheme. The indictment...
News & Current Events
Maine Home Sales and Prices Hold Steady
A total of 1,206 single-family existing homes were sold in Maine last month, with a median sold price of $425,000. Continue Reading Maine Home Sales and Prices Hold Steady
CoStar Group Targets Zillow with Amicus Brief in MRED Case
“Zillow wants a court order forcing MLSs to hand over their listings while Zillow hoards its own exclusive pre-market inventory,” said Gene Boxer, CoStar Group’s general counsel. Continue Reading CoStar Group Targets Zillow with Amicus Brief in MRED Case
eXp Realty Promotes Wendy Forsythe to Chief Operating Officer
Forsythe succeeds Patrick O’Neill, who is departing the company. Continue Reading eXp Realty Promotes Wendy Forsythe to Chief Operating Officer
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Feds Sell Trump’s Former DC Hotel for $80 Million
The property was originally the Post Office Building, which opened in 1899. Continue Reading Feds Sell Trump’s Former DC Hotel for $80 Million
Alec Baldwin Tries Another Price Cut to Sell His Hamptons Estate
The five-bedroom, 5.5-bathroom residence in Amagansett, New York was first listed for $29 million in 2022. Continue Reading Alec Baldwin Tries Another Price Cut to Sell His Hamptons Estate
Ex-Chicago Housing Authority Director Indicted in Kickback Scheme
The indictment charges Ryan Ross and Vanessa Rhodes with eight counts of honest services fraud, each of which is punishable by up to 20 years in federal prison. Continue Reading Ex-Chicago Housing Authority Director Indicted in Kickback Scheme
Maine Home Sales and Prices Hold Steady
A total of 1,206 single-family existing homes were sold in Maine last month, with a median sold price of $425,000. Continue Reading Maine Home Sales and Prices Hold Steady
CoStar Group Targets Zillow with Amicus Brief in MRED Case
“Zillow wants a court order forcing MLSs to hand over their listings while Zillow hoards its own exclusive pre-market inventory,” said Gene Boxer, CoStar Group’s general counsel. Continue Reading CoStar Group Targets Zillow with Amicus Brief in MRED Case
eXp Realty Promotes Wendy Forsythe to Chief Operating Officer
Forsythe succeeds Patrick O’Neill, who is departing the company. Continue Reading eXp Realty Promotes Wendy Forsythe to Chief Operating Officer
Gwyneth Paltrow Stars in Advertising Campaign for Israeli Real Estate Development
The new advertising campaign is being shown on Israeli media, with Paltrow’s English-language narration translated via Hebrew-language subtitles. Continue Reading Gwyneth Paltrow Stars in Advertising Campaign for Israeli Real Estate Development
Buyers Paying More in Mortgage Interest Than Their Home Costs
Choosing a 15-year mortgage at today’s 5.87% rate would save $250,378 over a 30-year loan. Continue Reading Buyers Paying More in Mortgage Interest Than Their Home Costs
Kiavi is Acquired in $717 Million Transaction
Following the deal close, Kiavi CEO Arving Mohan will join Figure’s executive team as chief business officer. Continue Reading Kiavi is Acquired in $717 Million Transaction