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$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Landmarks Illinois, a historic preservation-focused nonprofit organization, has awarded grants totaling $7,000 through the Timuel D. Black Jr. Grant Fund for Chicago’s South Side to preserve three historic sites. The Bronzeville Trail Task Force in the city’s...
Russians and Iranians Are Top Foreign Buyers in Turkish Housing Market

Russians and Iranians Are Top Foreign Buyers in Turkish Housing Market

by Phil Hall | Mar 15, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Russians and Iranians were the leading foreign nationals buying residential property in Turkey in February, according to the Turkish Statistical Institute (TÜİK). IranIntl.com reported that Russians accounted for 395 of all Turkish home sales last month, with Iranians...
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has agreed to a $418 million settlement that will resolve a series of lawsuits that challenged its rules on real estate broker commissions. The New York Times reported that it obtained a copy of the settlement, which will be...
Redfin: February’s New Listings Up 14.8% from Last Year

Redfin: February’s New Listings Up 14.8% from Last Year

by Phil Hall | Mar 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New listings in February were up by 3.8% on a seasonally adjusted basis from January to February, according to data from Redfin (NASDAQ:RDFN), which marks the highest level since September 2022. On a year-over-year basis, February’s new listings were up 14.8%,...
MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion higher than at the end of 2022, a 2.8% uptick, according to data from the Mortgage Bankers Association (MBA). On a quarterly measurement, total mortgage debt...
Texas Attorney General Sues Real Estate Development for Fraudulent Practices

Texas Attorney General Sues Real Estate Development for Fraudulent Practices

by Phil Hall | Mar 14, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Texas Attorney General Ken Paxton has filed a lawsuit against Colony Ridge, a real estate development northeast of Houston, alleging that it engaged in deceptive trade practices and fraudulent real estate transactions. Paxton’s lawsuit stated Colony Ridge...
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