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Report: Only 2.5% of Homes Changed Hands This Year

Report: Only 2.5% of Homes Changed Hands This Year

by Phil Hall | Sep 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 25 out of every 1,000 homes, or 2.5%, changed hands in the first eight months of 2024, the lowest turnover rate in the past 30 years, according to a new data report from Redfin (NASDAQ: RDFN). The new data analysis determined that existing home sales were similar...
China to Introduce Refinancing for Mortgages

China to Introduce Refinancing for Mortgages

by Phil Hall | Sep 30, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

China announced a shift in its housing policy to allow homeowners to refinance their mortgages. The Wall Street Journal reported the People’s Bank of China, the nation’s central bank, will allow borrowers to negotiate with lenders to refinance their home loans using...
Simon Property Group Unveils Marketing Campaign to Encourage Mall Shopping

Simon Property Group Unveils Marketing Campaign to Encourage Mall Shopping

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment trust Simon Property Group (NYSE: SPG) has rolled out a new marketing campaign to bring consumers back to its shopping malls. The campaign, dubbed “Meet Me @themall,” seeks to reach different generations by tapping into nostalgia...
Blackwell 3D Construction in New Pact to Secure Financing for Dubai Ventures

Blackwell 3D Construction in New Pact to Secure Financing for Dubai Ventures

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Blackwell 3D Construction Corp. (OTC: BDCC), a 3D house printing technology company, has engaged Asas Capital, a boutique investment advisory firm, to arrange the financing for the company’s planned real estate ventures in Dubai. According to the company, the...
Embattled CEO of Steward Health Care to Step Down

Embattled CEO of Steward Health Care to Step Down

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The financially frayed Steward Health Care announced that Ralph de la Torre will step down as CEO and chairman on Oct. 1. Reuters reported that a spokesperson for de la Torre confirmed that he “has amicably separated from Steward on mutually agreeable...
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