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Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
David Saavedra Named CEO at the New Mexico Association of Realtors
The New Mexico Association of Realtors (NMAR) has appointed David Saavedra as its new CEO. Saavedra served as interim CEO since July. According to the Albuquerque Journal, Saaverda is NMAR’s fourth CEO in two-and-a-half years, following Rob Wigton’s six months of...
Bank of England Opts to Hold Rates Steady
The Bank of England deviated from their American counterparts at the Federal Reserve by announcing they were not cutting rates at this time. In a statement, Gov. Andrew Bailey said, “Today we held interest rates at 4%. Since August last year, we have been able to cut...
Report: Increasing Number of VA Loans Being Used in Homebuying
During August, 7.3% of mortgaged homebuyers used a VA loan, up from 6.5% one year earlier, according to a data report from Redfin. This marked the highest share for that month since 2019. Nationwide, the number of VA loans rose 3% year-over-year in August, while the...
NEWS & CURRENT EVENTS
Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
REcore said it would terminate the Homes.com and HomesPro data feeds containing listing records for the CRMLS as of Nov. 1. Continue Reading REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
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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.
Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
“We have a working group that is coming up with a lot of ideas,” said Mayor Johnson. Continue Reading Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Opendoor Adds Cash Plus to Product Suite for Sellers and Agents
Cash Plus is currently available to Key Connections agent partners in Dallas, Nashville, and Raleigh. Continue Reading Opendoor Adds Cash Plus to Product Suite for Sellers and Agents
Neighborhood Ventures Completes Fourth Distressed-Asset Purchase
The property was acquired through a pre-foreclosure, forced sale transaction for $10.7 million. Continue Reading Neighborhood Ventures Completes Fourth Distressed-Asset Purchase
Trump to Tour Fed HQ
Trump acknowledged it was “highly unlikely” for him to force Powell out “unless he has to leave for fraud.” Continue Reading Trump to Tour Fed HQ
Florida’s Single-Family Home Sales Up in June, Down for Q2
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024. Continue Reading Florida’s Single-Family Home Sales Up in June, Down for Q2
Real Estate Agent with Podcast Following Sentenced for Ponzi Scheme
Matthew Motil pleaded guilty to securities fraud and wire fraud on Sept. 5, 2024. Continue Reading Real Estate Agent with Podcast Following Sentenced for Ponzi Scheme
New York State Housing Inventory Expands to Nearly a 3-Year High
The state’s home prices were up for the 23rd straight month. Continue Reading New York State Housing Inventory Expands to Nearly a 3-Year High
Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
ByteFederal is also teaming with OPISAS, an international real estate firm, to enable cryptocurrency purchases in Florida by foreign investors. Continue Reading Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
Existing Home Sales Down, Median Home Price at New High
This marked the 24th consecutive month of year-over-year price increases. Continue Reading Existing Home Sales Down, Median Home Price at New High
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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