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Foreclosure Activity Down 10% During 2024

Foreclosure Activity Down 10% During 2024

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM found foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 residential properties in 2024, down 10% from 2023 and down 35% from pre-pandemic 2019. Those properties with foreclosure filings last...
Biden Signs Executive Order on Creating New AI Data Centers

Biden Signs Executive Order on Creating New AI Data Centers

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

With less than a week before his term expires, President Biden signed an Executive Order directed the Departments of Defense and Energy to identify federal sites that could be used for artificial intelligence (AI) data centers and clean power facilities. The Executive...
Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The City of Cleveland has filed a lawsuit to stop its NFL team from moving out when the lease on its lakefront stadium expires in 2028. The Associated Press reports Jimmy and Dee Haslam, the owners of the Cleveland Browns, plan to build a $2.4 billion stadium and...
Survey: Ontario Residents Remain Pessimistic About Becoming Homeowners

Survey: Ontario Residents Remain Pessimistic About Becoming Homeowners

by Phil Hall | Jan 16, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new survey published by the Ontario Real Estate Association (OREA) has determined that while most residents in the province desire to become homeowners, they believe that too-high costs coupled with expensive municipal development charges are making that goal...
NAR Creates New SVP for Industry Relations Position

NAR Creates New SVP for Industry Relations Position

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

As part of its strategy to rebuild relationships with the industry while polishing its tarnished image, the National Association of Realtors (NAR) has created a new position for senior vice president of industry relations, naming former New Jersey Realtors CEO Jarrod...
Newsom Signs Order to Stop Predatory Land Speculation in Fire-Damaged Areas

Newsom Signs Order to Stop Predatory Land Speculation in Fire-Damaged Areas

by Phil Hall | Jan 15, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom issued an executive order to protect Los Angeles County victims of the ongoing wildfires from predatory land speculators offering unsolicited cash offers to purchase their property. In a statement from the governor’s office, the executive...
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