Current News & Events
MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
Whitestone did not immediately issue a public comment on the offer. Continue Reading MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
The property’s last owner was financier Gary Winnick, who acquired it in 2000 for $94 million. Continue Reading LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
CoreLogic: Another big home-price increase in May, but slowdowns are coming
Source: Scotsman Guide --- CoreLogic’s latest Home Price Insights (HPI) report revealed that home prices nationwide, including distressed sales, rose 20.2% year over year in May — a still-strong annual jump, but one that’s likely to precede a period of slowing price...
A new kind of South Temple conversion: Office tower will be turned into apartments
Source: Salt Lake Tribune --- As downtown Salt Lake City’s boom in residential construction rolls ahead, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments. Hines, a global real estate company based...
Metaverse Real Estate: Has the Hype Already Cooled Down?
Source: Bankless Times --- In 2021, virtual real estate prices in the Metaverse grew by an incredible 700%. Besides, this is only the beginning: the market is expected to grow 31% year-on-year in the next six years, as the rush to secure space within the virtual...
China’s real estate crisis deepens as big Shanghai developer defaults
Source: CNN --- Hong Kong (CNN Business)Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1...
Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months
Source: Yahoo Finance --- Home prices across the United States continue to rise, with the entire country seeing an increase of over 1% between April and May this year, according to the National Association of Realtors. It’s even higher in some parts of the country,...
NHSCA Hosts First National Home Warranty Conference
June 9-10 marked the first ever convocation of the most significant leaders and stakeholders in the home warranty industry in Santa Fe, New Mexico. The home warranty industry convened the leading providers, suppliers, technology firms and affiliates in the home...
Should You Hire a Real Estate Agent to Sell Your Home? Here’s What Dave Ramsey Says
Source: Nasdaq --- In a normal housing market, a relatively quick and painless home sale is by no means a given. It's not unheard of for homes to sit on the housing market for months on end without a buyer -- especially if they're not priced or marketed well. Today's...
Redfin Economist Q&A: How Rising Rates and Economic Uncertainty Could Impact Home Prices, Migration, Rentals and More
Source: Redfin --- Mortgage rates have doubled since the beginning of the year to nearly 6%, taking a toll on affordability and demand. The monthly payment on a $400,000 home rises more than $550 with rates going from 3% to 6%. That increase, along with the slumping...
First American: Housing affordability drops to lowest point since 2007
Source: Scotsman Guide --- The latest Real House Price Index (RHPI) report from First American Financial Corp. offered further confirmation that affordability is one of the U.S. housing market’s biggest issues. The RHPI, which measures the price changes of...
Redfin’s chief economist says the housing market correction has begun—and things are going to get worse before they get better
Source: Fortune --- As summer kicks off, everything is heating up. Everything, it seems, except the housing market. Following a blistering two year tear, real estate firm Redfin is reporting big drops in demand and price cuts becoming the norm in many of the hottest...
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