Featured Real Estate News
Multifamily Housing Proposed at Former Brooklyn HQ Complex of the Jehovah’s Witnesses Organization
A developer is proposing the transformation of the mostly vacant former Brooklyn headquarters of the Jehovah’s Witnesses religious organization into multifamily housing. The Gothamist reports CIM Group is seeking to transition the office buildings into a 661-unit...
Multifamily Housing Proposed at Former Brooklyn HQ Complex of the Jehovah’s Witnesses Organization
A rezoning application will require several review sessions involving Brooklyn Community Board 2, the Brooklyn borough president’s office, and the New York City Council. Continue Reading Multifamily Housing Proposed at Former Brooklyn HQ Complex of the Jehovah’s Witnesses Organization
New Report Predicts Weak Canadian Housing Market for 2026
Elevated costs, weak demand, and a growing number of unsold homes will bedevil Canada's homebuilders this year as new home construction will decline through 2028, according to the latest Housing Market Outlook released by Canada Mortgage and Housing Corporation...
Illinois Makes Renewed Effort to Keep the Chicago Bears from Going to Indiana
Illinois Gov. JB Pritzker is making a renewed push to accommodate the Chicago Bears after Indiana lawmakers have made repeated overtures to bring the team into their state. WIBC reports Pritzker and Illinois legislative leaders have agreed to a public funding package...
Property Records Platform Dono Raises $6.5 Million in Seed Round
Dono, a property records platform that digitizes paper-based county records, announced it raised a $6.5 million seed round, resulting in $10.2 million of total funding. The new funding round was led by Link Ventures with participation from lool VC and Alumni Ventures....
News & Current Events
New Presidents Named at Fathom Realty, Compass
Lori Muller and Neva Nabab will lead Fathom Realty and Compass, respectively. Continue Reading New Presidents Named at Fathom Realty, Compass
A Phil Hall Op-Ed: Connecticut’s Noblesse Oblige Approach to Unaffordable Housing
The Lamont plan involves giving Connecticut residents one-time tax rebates of either $200 or $400, depending on their filing status and income levels. Continue Reading A Phil Hall Op-Ed: Connecticut’s Noblesse Oblige Approach to Unaffordable Housing
MBA Predicts Commercial Mortgage Origination Volume to Hit $805.5 Billion This Year
The MBA also reported that 17% ($875 billion) of the $5 trillion of outstanding commercial mortgages held by lenders and investors is scheduled to mature this year. Continue Reading MBA Predicts Commercial Mortgage Origination Volume to Hit $805.5 Billion This Year
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Hits and Misses for the Real Estate Week of March 23-27
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Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
CoStar Group Files Amended Complaint in Copyright Infringement Lawsuit Agai…
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Exclusive News
Luxury Home Sales Up 5% in September
The only two metros where prices dropped were Tampa, Florida (-3.3% to $1.45 million) and Oakland, California (-2.2% to $2.9 million). Continue Reading Luxury Home Sales Up 5% in September
Illinois Home Sales Up 4.6% Year-Over-Year
The monthly median price of $301,000 in September was 3.8% higher than $290,000 from one year before. Continue Reading Illinois Home Sales Up 4.6% Year-Over-Year
Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties
Roll out is slated over the next few weeks. Continue Reading Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
DeSantis Continues Blasting Florida GOP on Multiple Property Tax Proposals
“There’s not one proposal that would get people excited about,” said DeSantis. Continue Reading DeSantis Continues Blasting Florida GOP on Multiple Property Tax Proposals
National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
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