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Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Wendy’s to Close Hundreds of US Restaurants
The Wendy’s Company (NASDAQ: WEN) is planning to close hundreds of its US-based fast-food eateries to help steady the company’s financial strength. In an earnings call on Friday with financial analysts, Interim CEO Ken Cook said a “mid-single-digit percentage” of the...
Mortgage Credit Availability at 3-Year High
Mortgage credit availability was more abundant in October, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). “Credit availability in October rose to its highest level since 2022 as investors broadened their...
Hits and Misses for the Real Estate Week of Nov. 3-7
Fewer first-time buyers in the housing market, the firing of the FHFA’s inspector general, and the comeback for a historic Salt Lake City theater. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 3-7. Miss: A Tough Market...
NEWS & CURRENT EVENTS
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Pennsylvania Home Sales Up 10% Year-Over-Year
The median home price continued to hold steady at $299,900. Continue Reading Pennsylvania Home Sales Up 10% Year-Over-Year
Leadership Changes Announced at Fannie Mae
Brandon Hamara and John Roscoe were named co-presidents of Fannie Mae. Continue Reading Leadership Changes Announced at Fannie Mae
ENRG Realty Begins Operations in Hawaii
Maui-based Gina Duncan was named the company’s designated broker for Hawaii. Continue Reading ENRG Realty Begins Operations in Hawaii
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Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
Mortgage Fraud Charges Against Schiff Referred to Justice Department
The case of alleged mortgage fraud by Sen. Adam Schiff (D-CA) has been referred to the Department of Justice (DOJ) for criminal prosecution. Fox News reports that Bill Pulte, director of the Federal Housing Finance Agency (FHFA), sent a letter to Attorney General Pam...
John Hancock’s Boston Home Listed for Sale
The property is currently being used as a law office, and pricing information is available upon request. Continue Reading John Hancock’s Boston Home Listed for Sale
Foreclosure Activity Rises During First Half of the Year
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Continue Reading Foreclosure Activity Rises During First Half of the Year
Kentucky Home Sales Up During June
The state’s median sales price of $285,000 was up 2.2% month-over-month and up 4% year-over-year. Continue Reading Kentucky Home Sales Up During June
Occupi Raises $3.1 Million in Seed Funding Round
Fenway Summer and Assurant Ventures co-led the round. Continue Reading Occupi Raises $3.1 Million in Seed Funding Round
CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
“How do agents and brokers keep earning commissions when Zillow aggressively holds the reins over four major real estate portals?” Florance asked. Continue Reading CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
Court Dismisses Homie’s Lawsuit Against NAR
The court decided Homie failed to adequately present its case. Continue Reading Court Dismisses Homie’s Lawsuit Against NAR
Report: REITs Raised $22.5 Billion in Q2
There were no merger and acquisition deals in this sector during the first half of the year. Continue Reading Report: REITs Raised $22.5 Billion in Q2
Is Trump Firing Powell? News Reports Claim He Might, Trump Says ‘Highly Unlikely’
A recent Supreme Court decision stated that the president does not have the authority to remove Fed officials at will. Continue Reading Is Trump Firing Powell? News Reports Claim He Might, Trump Says ‘Highly Unlikely’
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