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North Las Vegas Repurchases Land from Abandoned Medical Property Development

North Las Vegas Repurchases Land from Abandoned Medical Property Development

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The City Council of North Las Vegas, Nevada, has approved plans for a $52.95 million buyback of 135 acres of land that was sold two years ago for a medical property development. According to a report in the Las Vegas Review-Journal, the property was acquired by...
DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida Gov. Ron DeSantis has signed a bill to enable the immediate eviction of squatters by law enforcement. According to an NBC Miami report, HB 621 creates strict criminal penalties for squatters offering false documents purporting to affirm tenant rights....
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
Pending Home Sales Up in February

Pending Home Sales Up in February

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during February were up by 1.6% from January, according to the National Association of Realtors (NAR). On a year-over-year basis, pending sales were down by 7%. NAR’s Pending Home Sales Index (PHSI) increased to 75.6 in February; an index of 100 is...
Home Depot Acquires Roofing and Building Supply Firm SRS Distribution

Home Depot Acquires Roofing and Building Supply Firm SRS Distribution

by Phil Hall | Mar 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Home Depot (NYSE:HD) is acquiring SRS Distribution Inc., a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, for $18.25 billion. SRS employs a 2,500-plus professional sales...
ATTOM: Home Affordability Remained Elusive During Q1

ATTOM: Home Affordability Remained Elusive During Q1

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the first quarter of this year compared to historical averages in more than 95% of counties around the U.S., according to a new data report from ATTOM. The report found the major expenses on...
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