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Senate Confirms Scott Turner as HUD Secretary

Senate Confirms Scott Turner as HUD Secretary

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Senate has confirmed Scott Turner as Secretary of the Department of Housing and Urban Development (HUD) in a 55-44 vote. The Senate vote was nearly entirely along party lines with all Republicans and two Democrats – Sens. John Fetterman (D-PA) and Peter Welch...
Texas-Based MLS to Enable Non-Realtor Access

Texas-Based MLS to Enable Non-Realtor Access

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Austin Board of Realtors’ Unlock MLS is planning to make its multiple listing service available to real estate professionals who do not have membership in a realtor association. “We’re all about providing you with maximum flexibility to run your business your...
Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

Bargain Hunt Begins Going-Out-of-Business Sales at All 92 Stores

by Phil Hall | Feb 5, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retail chain Bargain Hunt has launched Going-Out-of-Business sales at all 92 locations across 10 states following its bankruptcy filing. The sales are being managed by Hilco Consumer – Retail in a joint venture with Gordon Brothers. All the merchandise in...
Mortgage Application Activity Heats Up

Mortgage Application Activity Heats Up

by Phil Hall | Feb 5, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise in the latest data from the Mortgage Bankers Association (MBA) for the week ending Jan. 31. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up 2.2% on a seasonally adjusted basis...
Historic Virginia Estate Sells for $20 Million After 8 Years on the Market

Historic Virginia Estate Sells for $20 Million After 8 Years on the Market

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic estate in Virginia that has been on the market for nearly eight years was sold for $20 million. FauquierNow.com reports the North Wales Estate in Faquier spans 1,482 acres across six parcels. The estate’s mansion was built between 1776 and 1796 and...
Rhino Investments Acquires Albuquerque Shopping Center

Rhino Investments Acquires Albuquerque Shopping Center

by Phil Hall | Feb 5, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Rhino Investments Group, a Las Vegas-based commercial real estate firm specializing in value-add investments, has acquired Pavilions at San Mateo, a 148,749-square-foot retail shopping center in Albuquerque, New Mexico. Pavilions at San Mateo was built in 1997 and is...
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