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Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion

Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion

by Phil Hall | Jul 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

HBC, the parent company of Saks Fifth Avenue, announced its $2.65 billion acquisition of Neiman Marcus Group (NMG), the parent company of Neiman Marcus and Bergdorf Goodman. At the completion of the transaction, HBC will establish Saks Global, which will encompass the...
Ameritex Homes Offers ‘July Sales Event’ for Buyers and Realtors

Ameritex Homes Offers ‘July Sales Event’ for Buyers and Realtors

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

Ameritex Homes has launched a “July Sales Event” with rate buydowns as low as 4.99% through a preferred lender and assistance with closing costs on its move-in ready homes across Texas. The limited-time offer is available for qualified buyers on select...
FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages

FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages

by Phil Hall | Jul 5, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) published translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. The...
Celebrating Freedom of Housing in the USA: John G. Stevens’ Perspective

Celebrating Freedom of Housing in the USA: John G. Stevens’ Perspective

by John G. Stevens | Jul 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

As we gather to celebrate the 248th anniversary of our nation’s independence this July 4th, I think it’s a great opportunity for us to reflect on the freedoms we cherish as Americans, especially the freedom we support in the real estate industry. I like to use...
Redfin: Median Sales Price Hits New Record High

Redfin: Median Sales Price Hits New Record High

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by Redfin (NASDAQ:RDFN) tracking the four weeks ending June 30 has placed the median sales price at $397,954, an all-time high. This price is up 4.9% from one year ago, marking the largest annual increase since March. During the same period, the...
Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’

Arizona and Idaho Cities Top New Data Report ‘America’s Boomtowns’

by Phil Hall | Jul 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data analysis by CoworkingCafe titled “America’s Boomtowns: Top Cities for Economic Growth” has named two Arizona localities and an Idaho municipality as the nation’s leaders for commercial activity and quality of life. This new analysis...
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