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Joshua Smith Joins eXp Realty Network of Agents

Joshua Smith Joins eXp Realty Network of Agents

by Phil Hall | Dec 6, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), has welcomed the prominent Phoenix-based real estate professional Joshua Smith to its global network of agents. Smith has been the owner/realtor of Revisto Real Estate Group for nearly 20 years and...
Now Open: The World’s Most Expensive Real Estate Development

Now Open: The World’s Most Expensive Real Estate Development

by Phil Hall | Dec 5, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Monaco is home to a new development that makes Dubai look like an affordable housing project. The Times of London reports the tiny European principality has opened, Mareterra, a 14-acre district built on land reclaimed from the sea. Homebuyers in Mareterra have a...
CBRE Executive Gifts $5 Million to Chapman University for Real Estate School

CBRE Executive Gifts $5 Million to Chapman University for Real Estate School

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Orange, California-based Chapman University has received a $5 million gift from CBRE (NYSE:CBRE) Vice Chairman Alex Hayden to establish the Alexander E. Hayden School of Real Estate within the George L. Argyros College of Business and Economics. Hayden graduated from...
Northmarq Sells Maryland Build-to-Rent Community for $54 Million

Northmarq Sells Maryland Build-to-Rent Community for $54 Million

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Northmarq, a Minneapolis-headquartered capital markets resource for commercial real estate investors, has completed the $54 million sale of The Current at Watershed, a 97-unit build-to-rent community in Laurel, Maryland. Built in 2023 and located 19 miles south of...
Mortgage Rates in a Modest Drop

Mortgage Rates in a Modest Drop

by Phil Hall | Dec 5, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates took a downturn in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Dec. 5, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.03%. The...
Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
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