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Mississippi University Eyes Vacant Hotel to Solve Student Housing Shortage

Mississippi University Eyes Vacant Hotel to Solve Student Housing Shortage

by Phil Hall | Oct 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An empty hotel in Mississippi’s capital city of Jackson is being eyed as a potential solution to a student housing shortage at the state’s largest historically Black university. Mississippi Today reported Marcus Thompson, president of Jackson State University, has...
Kanye West’s Malibu Property, Listed at $57 Million, Sells for $21 Million

Kanye West’s Malibu Property, Listed at $57 Million, Sells for $21 Million

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

Belwood Investments announced its discounted acquisition of the Malibu property of rapper Kanye West. West purchased the property in 2021 for $57 million and gained notoriety with a highly publicized but ill-fated renovation project that remained unfinished when he...
Competition Bureau Begins Probe into Canadian Real Estate Association

Competition Bureau Begins Probe into Canadian Real Estate Association

by Phil Hall | Oct 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Competition Bureau, the independent law enforcement agency in charge of regulating competition in Canada, has obtained a court order to advance its investigation into potential anti-competitive conduct by the Canadian Real Estate Association (CREA) related to...
New Partnership Seeks to Create Thousands of Rental Housing Units

New Partnership Seeks to Create Thousands of Rental Housing Units

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

Azora, a Spain-based global investment firm, and the Miami-based real estate investment and management corporation Advenir announced a new strategic partnership aimed at creating thousands of attainable rental housing units in key US markets. The deal creates a new,...
New California Lawsuit Challenges Residential Development Fees

New California Lawsuit Challenges Residential Development Fees

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

Californians for Homeownership, a nonprofit organization sponsored by the California Association of Realtors (CAR), has joined with the California Housing Defense Fund in a lawsuit challenging new residential development fees adopted by the City of Los Altos. The fees...
Mortgage Rates Record Uptick

Mortgage Rates Record Uptick

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

Mortgage rates inched up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. A year ago at this time, it averaged 7.49%. The 15-year...
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