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Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Newsom did not publicly comment on the lawsuit. Continue Reading Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Mortgage Application Activity Takes a 0.6% Uptick
Mortgage applications inched up for the week ending Nov. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.6% on a seasonally adjusted basis from one week...
Report: Fannie Mae Investigators Fired After Probing Pulte for Possible Misuse of Authority
Investigators in the ethics and investigations group within Fannie Mae (OTCQB: FNMA) were reportedly fired after probing whether Bill Pulte, the director of the Federal Housing Finance Agency (FHFA) and the self-appointed chairman of Fannie Mae, overstepped his...
The Best Day for Buying a House Is…
Christmas shoppers might want to consider adding homebuying to their last-minute shopping spree. According to a data report from ATTOM, Dec. 24 is the single best day of the year for buying a home. In an analysis of more than 48 million single-family home and condo...
NEWS & CURRENT EVENTS
Boston Lawmaker Proposes Property Tax Restructuring for Large Apartment Buildings
The proposal will be discussed at the City Council’s next meeting on Oct. 29. Continue Reading Boston Lawmaker Proposes Property Tax Restructuring for Large Apartment Buildings
New Data Reports Find Easing in Home Prices
“New York again led all metros with a 6.1% annual gain, followed by Chicago at 5.9% and Cleveland at 4.7%,” said Nicholas Godec of S&P Dow Jones Indices. Continue Reading New Data Reports Find Easing in Home Prices
Maine Home Sales Rise as Prices Ease
The median sales price during September was $402,500, a 1.35% decrease from the $408,000 price recorded in September 2024. Continue Reading Maine Home Sales Rise as Prices Ease
Report: Proposed Wisconsin Data Center to Reap Considerable Property Tax Breaks
The property tax savings are complemented by the State of Wisconsin’s sales tax exemption on the construction of qualified data centers. Continue Reading Report: Proposed Wisconsin Data Center to Reap Considerable Property Tax Breaks
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property
“I think it’s a good idea – it’s a good purchase,” said Mayor Daniel Rodrick. “I thought they would be willing sellers.” Continue Reading NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property
Flyhomes Raises $15 Million in Series D Funding
According to the company, the newly raised capital will be used to expand Flyhomes’ Buy Before You Sell program nationwide. Continue Reading Flyhomes Raises $15 Million in Series D Funding
Federal Reserve Holds Rates in Place
Fed governors Michelle W. Bowman and Christopher J. Waller argued to lower the rate by one-quarter percentage point. Continue Reading Federal Reserve Holds Rates in Place
Bank of Canada Holds Rates Steady
The Bank of Canada added that CPI inflation was 1.9% in June, up slightly from the previous month. Continue Reading Bank of Canada Holds Rates Steady
Arizona’s JBRE & Co. Joins The Real Brokerage
Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in sales in 2025. Continue Reading Arizona’s JBRE & Co. Joins The Real Brokerage
Compass Expands in North Carolina with Addition of Cottingham Chalk
Cottingham Chalk’s 70 agents closed $589 million in sales volume during 2024. Continue Reading Compass Expands in North Carolina with Addition of Cottingham Chalk
Rental Housing Developer Sunstone Two Tree Opens Phoenix Office
The new office joins the company’s Westlake Village, California-based headquarters. Continue Reading Rental Housing Developer Sunstone Two Tree Opens Phoenix Office
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
“The American dream of homeownership is not a reality for many young people,” said Sen. Cynthia Lummis. Continue Reading New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
Pending Home Sales Down During June
The Northeast recorded a 2.1% uptick in pending home sales from May but remained unchanged from June 2024. Continue Reading Pending Home Sales Down During June
Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
John McMickle of North South Government Strategies started work last week as a FICO lobbyist. Continue Reading Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
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