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Newmark Grows Global Presence in Korea and Middle East
The new South Korean office is based in the capital city of Seoul and will be led by John Pritchard serving as managing director and country head. Continue Reading Newmark Grows Global Presence in Korea and Middle East
Newmark Grows Global Presence in Korea and Middle East
The new South Korean office is based in the capital city of Seoul and will be led by John Pritchard serving as managing director and country head. Continue Reading Newmark Grows Global Presence in Korea and Middle East
NYC Rents Soared in Month Before Mamdani’s Election
New York City’s rents continued to soar in the month before Democratic Socialist Zohran Mamdani was elected mayor. According to new data from Miller Samuel Inc. and Douglas Elliman, the median rent for all new Manhattan apartment leases in October was $4,600, up by...
California Realtors Back Assumable Mortgage Idea
The California Association of Realtors (CAR) voiced its support of enabling homebuyers to assume Fannie Mae and Freddie Mac-backed fixed-rate mortgages. Bill Pulte, the director of the Federal Housing Finance Agency, used his personal X account last week to declare...
Feds Seize Over $1 Million in Cryptocurrency from Real Estate Fraud Scheme
The federal government has seized and forfeited approximately $1.18 million in cryptocurrency, which was recently liquidated into US dollars, tied to a real estate fraud scheme. The case was launched with civil complaint in April 2023 by a real estate agent and...
NEWS & CURRENT EVENTS
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
Historic Dallas Office Property with Ties to JFK Assassination Being Offered for Hotel Development
Dallas-based Merriman Anderson Architects has been hired to create architectural studies for this proposed endeavor. Continue Reading Historic Dallas Office Property with Ties to JFK Assassination Being Offered for Hotel Development
Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
“This is a watershed moment for the appraisal industry,” said Jake Lew, CEO of Aivre. Continue Reading Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
The development will have direct access to the beach and to the Red Sea. Continue Reading Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
CoStar Group Files Copyright Infringement Lawsuit Against Zillow
CoStar alleged that Zillow published over 46,000 of its copyright protected images, with many still bearing the CoStar watermark. Continue Reading CoStar Group Files Copyright Infringement Lawsuit Against Zillow
Number of DC-Area Homes for Sale Up 22.7% from Last Year
Only about one-third (35.7%) of homes sold over asking price, down from nearly half (47.8%) a year earlier. Continue Reading Number of DC-Area Homes for Sale Up 22.7% from Last Year
Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
District Judge Sparkle L. Sooknanan, a Biden appointee, gave HUD an Aug. 4 deadline to report how it planned to meet its fiscal year obligations on FHIP grant distribution. Continue Reading Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
Hawaiian Brokerage to Join RE/MAX Network
The conversion will bring six offices and 170 agents under the RE/MAX Hawaii banner. Continue Reading Hawaiian Brokerage to Join RE/MAX Network
Finally—A Bipartisan Housing Bill That Actually Makes Sense
But let’s be clear: this isn’t about more regulation. It’s about getting government out of the way. Continue Reading Finally—A Bipartisan Housing Bill That Actually Makes Sense
Homebuyer Assistance Programs Reach New Record High During Q2
There are currently 2,554 homebuyer assistance programs operating today. Continue Reading Homebuyer Assistance Programs Reach New Record High During Q2
Senate Banking Committee Unanimously Approves Bipartisan ROAD to Housing Act
The bill is backed by leading housing industry organizations including the National Association of Realtors and the Mortgage Bankers Association. Continue Reading Senate Banking Committee Unanimously Approves Bipartisan ROAD to Housing Act
Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank
Last week, ESSA’s parent company ESSA Bancorp completed a merger with CNB Financial Corporation. Continue Reading Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank
New Record High for Delaware’s Median Sales Price
Delaware recorded 1,300 home sales during June, a slight 0.7% uptick from the 1,291 transactions recorded in May. Continue Reading New Record High for Delaware’s Median Sales Price
Starter Homes Sales and Prices on the Rise
The typical starter home sold for a record $260,000 last month, up 3.1% from June 2024. Continue Reading Starter Homes Sales and Prices on the Rise
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