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NAR Moves to Revoke Phoenix Realtors’ Charter Over New MLS Choice Program

NAR Moves to Revoke Phoenix Realtors’ Charter Over New MLS Choice Program

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has begun the process of revoking the charter for Phoenix Realtors after the Arizona-based group refused to withdraw its planned MLS Choice program. Real Estate News received an emailed statement from NAR that claimed Phoenix...
Illinois Home Sales Up Nearly 3%

Illinois Home Sales Up Nearly 3%

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 9,950 homes sales in November, up 2.8% from the 9,681 sold one year earlier. According to data from Illinois Realtors, the 20,863 homes available for sale statewide last month represented a 2.3% increase from the 20,401 available homes in November...
Connecticut Office Property Sells at Significant Loss

Connecticut Office Property Sells at Significant Loss

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents

La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) announced it will offer Bitcoin and other cryptocurrencies as a payment option for its network of agents. According to the Celebration, Florida-based company, this initiative is part of its efforts to integrate blockchain...
Mortgage Forbearance Level Inches Up

Mortgage Forbearance Level Inches Up

by Phil Hall | Dec 24, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total share of mortgages in forbearance increased to 0.50% in November, up from 0.47% in October. According to data from the Mortgage Bankers Association, an estimated 250,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in...
Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million

Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, WRE News Exclusive

South Bend, Indiana-headquartered Strawberry Fields REIT Inc. (NYSE American:STRW), a self-administered real estate investment trust focused on skilled nursing and certain other healthcare-related properties, has entered into a $24 million purchase and sale agreement...
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