Current News & Events
Brazil to Conduct Real Estate Auction Using Blockchain Technology
The Brazilian auction market has been disrupted with altered documents, fake websites, and inconsistent public records. Continue Reading Brazil to Conduct Real Estate Auction Using Blockchain Technology
Mark E. Patten to Become CFO at Sun Communities
Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the company. Continue Reading Mark E. Patten to Become CFO at Sun Communities
Price on Connecticut Castle Slashed to $26 Million
The property was first listed in 2014 for $45 million. Continue Reading Price on Connecticut Castle Slashed to $26 Million
Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak
There were 714,000 new single-family home sales last month, up 31.5% from July 2022. Continue Reading Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak
Report: 1 Million New Rental Housing Units to be Ready by 2025
89% of the apartments completed in the last three years were high-end offerings rather than affordable housing. Continue Reading Report: 1 Million New Rental Housing Units to be Ready by 2025
Zombie Property Levels in Slight Rise
315,425 residential properties are in the process of foreclosure in the third quarter of this year. Continue Reading Zombie Property Levels in Slight Rise
Better Shares Sink in Trading Debut
“We think that this is a really great time for us to be out there,” said CEO Vishal Garg. Continue Reading Better Shares Sink in Trading Debut
Service Restored for Northern California MLS Networks After Cyberattack
An Aug. 8 ransomware attack against data vendor Rapattoni Corp. locked out users of 22 MLSes in California and nationwide. Continue Reading Service Restored for Northern California MLS Networks After Cyberattack
Newly Created SPAC Seeks Merger with Real Estate Company
The SPAC is targeting a company “with an aggregate combined enterprise value of approximately $75 million to $150 million.” Continue Reading Newly Created SPAC Seeks Merger with Real Estate Company
RE/MAX and CCIM Institute in New Partnership
RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the CCIM platform. Continue Reading RE/MAX and CCIM Institute in New Partnership
Zillow: Half of All Homebuyers Are First-Timers
Nearly half of first-time buyers are millennials and about one-quarter are Gen Zers. Continue Reading Zillow: Half of All Homebuyers Are First-Timers
MBA: Purchase Loan Applications at 28-Year Low
The adjustable-rate mortgage share of activity increased to 7.6% of total applications, its highest level in five months. Continue Reading MBA: Purchase Loan Applications at 28-Year Low
