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Dubai’s Real Estate Market Broke Sales Records for 2024

Dubai’s Real Estate Market Broke Sales Records for 2024

by Phil Hall | Jan 2, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Dubai’s real estate market closed 2024 with new records for transactions and sales volume. New data from UAE-based fäm Properties has determined Dubai recorded 180,900 real estate transactions in 2024, up 36% from the 133,100 sales in 2023. The total sum from the...
Why Owning a Home in 2025 is More Important Than Ever

Why Owning a Home in 2025 is More Important Than Ever

by John G. Stevens | Dec 31, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

As I sit at my kitchen table, sipping a steaming cup of mint herbal tea and reflecting on the past few years, one thing becomes abundantly clear: the concept of home has never been more significant. In a world full of uncertainties—economic upheavals, a global...
Now-Defunct Success Real Estate Sued by Former Agents

Now-Defunct Success Real Estate Sued by Former Agents

by Phil Hall | Dec 31, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Twelve former agents with Massachusetts’ Success Real Estate have sued the company, which abruptly shut down two weeks ago, and its owner Stephen Webster. According to coverage in The Patriot-Ledger, the agents said they are owed hundreds of thousands of dollars in...
CMBS Delinquency Rate Up 17 Basis Points

CMBS Delinquency Rate Up 17 Basis Points

by Phil Hall | Dec 31, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
Case-Shiller: National House Price Index Up 3.6% Year-Over-Year in October

Case-Shiller: National House Price Index Up 3.6% Year-Over-Year in October

by Phil Hall | Dec 31, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index recorded its 17th straight new high, with a 3.6% annual return for October. This is down slightly from a 3.9% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.8%,...
Lionel Messi’s REIT Holds IPO

Lionel Messi’s REIT Holds IPO

by Phil Hall | Dec 31, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, WRE News Exclusive

Soccer great Lionel Messi held an initial public offering (IPO) of his real estate properties, valuing the portfolio at $232 million. Bloomberg reports Messi’s company, Edificio Rostower Socimi, is listed as a real estate investment trust (REIT) on the Portfolio Stock...
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