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Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Builders Alliance Debuts Portal to Help LA Wildfire Survivors Rebuild Their Homes
Builders Alliance, a not-for-profit organization formed in the wake of January’s wildfires in Los Angeles County, has launched a portal designed to support fire survivors' rebuilding efforts. The new portal offers a digital representation that maps every residential...
NAR Announces Updates to MLS Handbook
The National Association of Realtors announced the approval of a series of updates to the Multiple Listing Services (MLS) Handbook. The updates focus on reinforcing matters of local discretion, such as non-member access to MLS; modernizing administrative, operations,...
Historic Baltimore Multifamily Community Sells for $5.95 Million
The Baltimorean, a 66-unit multifamily community located in Baltimore directly across the street from Johns Hopkins University, has been sold for $5.95 million. Built in 1927, The Baltimorean offers a mix of studios and one- and two-bedroom apartments with units...
NEWS & CURRENT EVENTS
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
As of last month, The Residences at 1428 is 57% presold. Continue Reading JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
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
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Montreal Home Sales Up 10% Year-Over-Year
The $625,000 median price for single-family houses from last month is a 7% uptick from the $585,000 price from July 2024. Continue Reading Montreal Home Sales Up 10% Year-Over-Year
Why Did a Disneyland-Area Suburb Agree to a Property Tax Hike?
The community located 20 minutes from Disneyland has a median listing price of more than $1 million. Continue Reading Why Did a Disneyland-Area Suburb Agree to a Property Tax Hike?
Oak Creek Homes to Hold ‘Tax-Free Weekend Sale’ on Factory-Built Homes
“We can deliver homes to Texas, Oklahoma, Louisiana, Arkansas, and parts of New Mexico,” said the company in a press statement. Continue Reading Oak Creek Homes to Hold ‘Tax-Free Weekend Sale’ on Factory-Built Homes
New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Hochul allocated $25 billion in state investments to this initiative, which ends in 2027. Continue Reading New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Report: Trump to Expand 401(k) Plans to Include Real Estate as Investment Option
Under the order, the Department of Labor will review and update the guidance under the Employee Retirement Income Security Act (ERISA) of 1974. Continue Reading Report: Trump to Expand 401(k) Plans to Include Real Estate as Investment Option
Freddie Mac Expands CHOICEHome Mortgage Program to Single-Section Manufactured Homes
Freddie Mac (OTCQB: FMCC) announced the expansion of its CHOICEHome conventional financing options to include modern single-section manufactured homes. Previously, Freddie Mac provided multi-section factory-built homes with a 3% down payment option. As of today,...
ESPN to Gain 75,000 SF Studio in LA in Deal to Acquire NFL Network
ESPN and the NFL still need to negotiate a final agreement and clear approval from the league’s team owners and federal regulators. Continue Reading ESPN to Gain 75,000 SF Studio in LA in Deal to Acquire NFL Network
Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
The program will provide provides up to $18,000 in assistance for purchase, refinance, or improvement of a primary residence in qualified communities. Continue Reading Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
Las Vegas CRE Executive Receives Bloodied Pig’s Head in the Mail from AI Hater
“Perhaps this person watched too much of ‘The Godfather,’” said Agrippa CEO Blake J. Owens. Continue Reading Las Vegas CRE Executive Receives Bloodied Pig’s Head in the Mail from AI Hater
NAR: Typical Agent Reported 10 Transactions in 2024
NAR’s report showed that the median gross income for realtors totaled $58,100 in 2024, up from $55,800 in 2023. Continue Reading NAR: Typical Agent Reported 10 Transactions in 2024
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