Current News & Events
Singapore’s Banyan Group Enters US Luxury Residential Market
Banyan Tree Residences West Palm Beach features 88 private residences ranging from one- to four-bedroom layouts, along with a limited collection of penthouses. Continue Reading Singapore’s Banyan Group Enters US Luxury Residential Market
Paul Anka Relists LA-Area Estate for $8.9 Million
The 5.75-acre property is located within the gates of Sherwood Country Club. Continue Reading Paul Anka Relists LA-Area Estate for $8.9 Million
Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Fox News first reported the story, culling its information from an unnamed “source close to the Federal Housing Finance Agency.” Continue Reading Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
The rejections were based on compliance with guidelines included in new legislation that went into effect earlier this year. Continue Reading Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
FICO Debuts Program to Sell Credit Scores Directly to Lenders
“Today marks a turning point in how credit scores are delivered and priced across the mortgage industry,” said Will Lansing, CEO of FICO. Continue Reading FICO Debuts Program to Sell Credit Scores Directly to Lenders
Ground Broken for New 10,000-Seat Arena in Reno
The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. Continue Reading Ground Broken for New 10,000-Seat Arena in Reno
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
CMBS Delinquency Rate Falls After 6 Months of Increases
Year-over-year, the overall CMBS delinquency rate is up 153 basis points from 5.70% Continue Reading CMBS Delinquency Rate Falls After 6 Months of Increases
Luxury Home Sales Rise While Sales Activity Declines
“Sales have slowed across all price tiers, and luxury homes are no exception,” said Redfin Senior Economist Sheharyar Bokhari. Continue Reading Luxury Home Sales Rise While Sales Activity Declines
FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
CBRE represented the seller, an affiliate of First Atlantic, LLC, and procured the buyer, an affiliate of Heritage Housing Inc. Continue Reading 169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
