Current News & Events
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Chris Hipps Named Texas Managing Principal for Cushman & Wakefield
Hipps will start on Jan. 2 and will be based in Dallas. Continue Reading Chris Hipps Named Texas Managing Principal for Cushman & Wakefield
Ashcroft Capital Adds South Florida Community to its Portfolio
The acquisition marks Ashcroft’s 10th apartment community within Florida and its first in the South Florida market. Continue Reading Ashcroft Capital Adds South Florida Community to its Portfolio
Axos Closes Purchase of Two Loan Portfolios from the FDIC
“We believe that we purchased these performing loans at an attractive valuation that will be accretive to our net interest margin and net interest income,” said Greg Garrabrants, president and CEO of Axos. Continue Reading Axos Closes Purchase of Two Loan Portfolios from the FDIC
Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta
“That action saved an important part of American history tonight,” said Atlanta Police Chief Darin Schierbaum. Continue Reading Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta
New Bill Would Ban Hedge Funds from Owning Single-Family Homes
“The housing in our neighborhoods should be homes for people, not profit centers for Wall Street,” said Sen. Jeff Merkley. Continue Reading New Bill Would Ban Hedge Funds from Owning Single-Family Homes
eXp Realty Expands Luxury Program to Four Countries
eXp Luxury launched in October 2022 in the U.S. and expanded in Canada last September and Puerto Rico last month. Continue Reading eXp Realty Expands Luxury Program to Four Countries
Redfin Launches AI-Powered Tool to Redesign Listing Photos
The new feature is available for all active Redfin listings and eligible sold Redfin listings in the U.S. on Redfin.com and iPhone. Continue Reading Redfin Launches AI-Powered Tool to Redesign Listing Photos
Mortgage Rates Continue to Plummet
“The 30-year fixed-rate mortgage averaged near 7%, down from nearly 7.80% just six weeks ago,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Plummet
Utah’s Governor Proposes Building 35,000 Starter Homes by 2028
“Our kids will never be able to call Utah home if we don’t start building starter homes again,” said Gov. Spencer Cox. Continue Reading Utah’s Governor Proposes Building 35,000 Starter Homes by 2028
California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets
“Some parts of the country continue to pop up on the radar as places to watch for signs of housing-market drop-offs, based on key quarterly measures,” said Rob Barber, CEO at ATTOM. Continue Reading California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets
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