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FHFA and Treasury Issue Updates on GSEs’ ‘Eventual Release from Conservatorship’

FHFA and Treasury Issue Updates on GSEs’ ‘Eventual Release from Conservatorship’

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) and the US Department of the Treasury announced amendments to the Preferred Stock Purchase Agreements (PSPAs) related to the government-sponsored enterprises (GSEs) Fannie Mae (OTCBQ: FNMA) and Freddie Mac (OTCQB: FMCC). At...
California Estate Sells After 15 Years on the Market

California Estate Sells After 15 Years on the Market

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It took 15 years and several significant price cuts, but a 78.5-acre coastal California estate with its own helipad and vineyard finally sold for $17.22 million. Mansion Global reports the property, located on the Pacific Coast Highway outside of Cambria in San Luis...
Beazer Homes Buys 9.25-Acre Sacramento Ex-Parking Lot for $9.8 Million

Beazer Homes Buys 9.25-Acre Sacramento Ex-Parking Lot for $9.8 Million

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Shopoff Realty Investments announced its sale of a 9.25-acre former parking lot in Sacramento to Beazer Homes for $9.8 million. Located in the Midtown submarket of the California capital, the property was once a parking lot for the Sacramento Bee newspaper’s...
Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A New Jersey judge rejected a request from 26 towns for an injunction to halt the state’s affordable housing development process while their lawsuit challenging the state requirements is decided. The towns sued in October to void a state law the created guidelines for...
North Carolina Governor Expedites Purchase of Temporary Housing for Hurricane Victims

North Carolina Governor Expedites Purchase of Temporary Housing for Hurricane Victims

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

North Carolina’s newly-sworn-in Gov. Josh Stein signed an executive order that will enable the state to expedite the purchase up to 1,000 temporary housing units for Hurricane Helene victims. WUNC reported the executive order was Stein’s first official act as...
Florida College to Offer Program on Building Tiny Houses

Florida College to Offer Program on Building Tiny Houses

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Students at a college in Florida will have the chance to learn construction skills that will be used to address a local housing shortage. WTXL.com reports Gadsden Technical College (GTC) in Quincy, Florida, has partnered with Jones Construction in a program where...
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