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NAR Seeks Appeal of Decision Reopening Justice Dept. Probe

NAR Seeks Appeal of Decision Reopening Justice Dept. Probe

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is appealing a court ruling that enabled the U.S. Department of Justice (DOJ) to reopen a probe of the organization’s Participation Rule and Clear Cooperation Policy that was resolved in a 2020 settlement. In a filing...
Alabama Home Sales and Prices in Decline

Alabama Home Sales and Prices in Decline

by Phil Hall | May 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales and prices in Alabama were in decline during April, according to new data from the Alabama Association of Realtors. Last month, a total of 5,164 home sales were recorded in April, down 29.9% from the previous year but also up 3.8% from the previous month....
Share of Mortgages in Forbearance at 0.22%

Share of Mortgages in Forbearance at 0.22%

by Phil Hall | May 21, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total number of 110,000 homeowners were in forbearance plans during April, according to data from the Mortgage Bankers Association (MBA). The total number of loans in forbearance remained unchanged at 0.22% from one month earlier. Last month, the share of Fannie Mae...
First National Realty Partners Acquires Illinois Retail Center

First National Realty Partners Acquires Illinois Retail Center

by Phil Hall | May 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First National Realty Partners (FNRP), a private equity firm specializing in commercial real estate, announced its closing on Townes Crossing, a 105,731-square-foot shopping center in suburban Chicago. The Oswego, Illinois-based Townes Crossing is anchored by a...
Naples, Florida, Tops List of the Best Places to Live in the US

Naples, Florida, Tops List of the Best Places to Live in the US

by Phil Hall | May 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. News & World Report has published its 2024-2025 Best Places to Live in the U.S., which ranks 150 major cities based on value, desirability, job market and quality of life. This year’s first place winner was Naples, Florida. U.S. News acknowledged the city is...
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