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Zombie Properties on the Rise

Zombie Properties on the Rise

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant during the third quarter, according to data from ATTOM, which also found 7,519 pre-foreclosure homes, or 3.38% of the 222,318 properties in the process of foreclosure, were “zombie”...
Single-Family Built-for-Rent Construction Down in Q2

Single-Family Built-for-Rent Construction Down in Q2

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The quantity of single-family built-for-rent construction (SFBFR) declined during second quarter, according to a National Association of Home Builders (NAHB) analysis of US Census Bureau data. During the second quarter, approximately 12,000 SFBFRs were started, down...
REMAX: Homes Sales Steady, But Taking Longer to Sell

REMAX: Homes Sales Steady, But Taking Longer to Sell

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

July home sales reversed a five-month growth trend with a slight 0.7% month-over-month decline, according to the latest REMAX National Housing Report. One year-over-year basis, sales were up 0.6%, although sales took longer to complete – an average of 44 days on the...
Revived Bed Bath & Beyond Retail Chain Will Not Open Stores in California

Revived Bed Bath & Beyond Retail Chain Will Not Open Stores in California

by Phil Hall | Aug 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Beyond Inc. (NYSE:BYON), the Murray, Utah-based parent company of the Bed Bath & Beyond brand, announced that its return to brick-and-mortar retailing will not include California. Marcus Lemonis, executive chairman of Bed Bath & Beyond, issued an online...
Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation

Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation

by Phil Hall | Aug 20, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

President Trump is reportedly considering whether he can fire Lisa D. Cook, a Federal Reserve governor who was accused this morning of mortgage fraud by Bill Pulte, director of the Federal Housing Finance Agency. Trump posted a message on his Truth Social website...
New Joint Venture to Develop Charlotte-Area Townhome Rental Community

New Joint Venture to Develop Charlotte-Area Townhome Rental Community

by Phil Hall | Aug 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The investment firms Sterling Equities, Eden Multifamily and Peakline Real Estate Funds have partnered to develop a new townhome rental community located in the Steele Creek community of South Charlotte, North Carolina. The joint venture’s Eden Steele Creek will...
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