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15% of Home Purchase Agreements Canceled During October
San Antonio led the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. Continue Reading 15% of Home Purchase Agreements Canceled During October
15% of Home Purchase Agreements Canceled During October
San Antonio led the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. Continue Reading 15% of Home Purchase Agreements Canceled During October
The Shops at Laguna, California Shopping Center, Sells for $19.1 Million
The Shops at Laguna Reserve, a 33,308-square-foot, fully leased shopping center in Elk Grove, California, has sold for $19.1 million. The property encompasses four parcels totaling 4.16 acres. Six pad buildings were constructed in 2005, and the center is shadow...
Fed to Reduce Staff in Banking Supervision Group by 30%
The Federal Reserve is enacting a 30% staff reduction in its division focused on banking supervision. The job cuts were detailed in an internal memo viewed by The Wall Street Journal – the Federal Reserve has not made any public statement on its layoffs, which would...
Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
The speaker of Florida’s House of Representatives fired back at comments made by Gov. Ron DeSantis over the legislature’s multiple proposals for property tax relief. The Tallahassee Democrat reports House Speaker Daniel Perez, a Republican, took umbrage over DeSantis’...
NEWS & CURRENT EVENTS
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
FHFA Seeks Input on Strategic Plan for FY 2026-2030
Public input can be submitted through the agency’s website by Nov. 5. Continue Reading FHFA Seeks Input on Strategic Plan for FY 2026-2030
Who Wants to Buy a Haunted House? You Might Be Surprised!
Two-thirds of survey respondents believe it is the government’s job to require sales disclosures that house is haunted. Continue Reading Who Wants to Buy a Haunted House? You Might Be Surprised!
California Home Sales Rebounded in September
In September, California’s median home price fell 1.7% to $883,640, down from $899,130 in August. Continue Reading California Home Sales Rebounded in September
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New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
The new bill applies only to individuals selling their primary residence and does not apply to home flippers or real estate investors. Continue Reading New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
NJ Real Estate Investor Charged in Multimillion-Dollar Ponzi Fraud Scheme
Cesar Humberto Pina, also known as “Flipping NJ,” gained influencer status through a series of real estate seminars conducted around the country. Continue Reading NJ Real Estate Investor Charged in Multimillion-Dollar Ponzi Fraud Scheme
Saudi Arabia to Allow Property Ownership by Foreigners
However, properties in the holy cities Makkah and Madinah will not be open to foreign buyers. Continue Reading Saudi Arabia to Allow Property Ownership by Foreigners
Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging
He has transitioned to the role of vice chairman of the board of directors. Continue Reading Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging
HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals
HUD said this endeavor “exemplified government overreach.” Continue Reading HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals
White House Increases Attack on Powell, Claiming Mismanagement of Fed HQ Renovations
A recent Supreme Court ruling stated that Fed officials cannot be fired by a president at will. Continue Reading White House Increases Attack on Powell, Claiming Mismanagement of Fed HQ Renovations
Del Webb Breaks Ground on 55+ Community in Austin Suburb
The completed project will encompass over 500 residences to be built across 323 acres. Continue Reading Del Webb Breaks Ground on 55+ Community in Austin Suburb
Historic Masonic Temple in Oakland Listed for Sale
The Scottish Rite Temple is an 85,000-square-foot building spanning four levels. Continue Reading Historic Masonic Temple in Oakland Listed for Sale
Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
“We have mandated expenses to fix the inhumane conditions there,” said Commissioner Dana Barrett. Continue Reading Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
New Partnership Aims at Tokenizing Tokyo Real Estate
“Japanese content—whether game IP or other cultural assets—commands high global value,” said Ryo Matsubara, representative director of Oasys. Continue Reading New Partnership Aims at Tokenizing Tokyo Real Estate
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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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