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New York real estate pioneer Eugene H. Webb dead at 102

New York real estate pioneer Eugene H. Webb dead at 102

by Third Party | Jun 20, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Real Estate Weekly —  Eugene H. Webb, the co-founder and chairman of one of Harlem’s most successful real estate brokerage firms, has died at the age of 102. Born in Red Level, Alabama, on November 24, 1918, during the Spanish Flu pandemic that killed...
Foreclosure Starts Grow Again in the U.S.

Foreclosure Starts Grow Again in the U.S.

by Third Party | Jun 20, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: The World Property Journal —  Based on ATTOM’s May 2021 U.S. Foreclosure Market Report, there were a total of 10,821 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 8 percent...
Virtual real estate plot sells for close to $1 million

Virtual real estate plot sells for close to $1 million

by Third Party | Jun 19, 2021 | Industry Updates, News/Current Events, Real Estate News

Source:KFGO —  A patch of virtual land in the blockchain-based online world Decentraland sold for more than $900,000 on Thursday, in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bought and...
Henderson home breaks 2021 record with $14.69M price tag

Henderson home breaks 2021 record with $14.69M price tag

by Third Party | Jun 19, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Review Journal —  A Henderson estate dubbed the house of water and located in the exclusive hillside community of Ascaya closed Thursday for $14.69 million, making it the highest price paid for a single-family home in 2021 and third-highest price ever...
More than half of homes sold above asking price in May

More than half of homes sold above asking price in May

by Third Party | Jun 18, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Housing Wire —  Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another record high, up from 26% a year ago, according to a new report...
Mortgage rates shoot higher after Fed Chairman Powell’s comments

Mortgage rates shoot higher after Fed Chairman Powell’s comments

by Third Party | Jun 18, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: CNBC —  The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a reaction to comments made Wednesday by Federal...
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