Featured Real Estate News
Two Harbors Receives Unsolicited Acquisition Bid That Would Cancel Merger with UWM
Two Harbors Investment Corp. (NYSE: TWO), a New York City-based mortgage servicing rights-focused REIT, announced that its board of directors received an unsolicited proposal to acquire all outstanding shares of the company’s common stock for $10.70 per share in cash....
Two Harbors Receives Unsolicited Acquisition Bid That Would Cancel Merger with UWM
UWM Holdings did not immediately issue a public comment on this development. Continue Reading Two Harbors Receives Unsolicited Acquisition Bid That Would Cancel Merger with UWM
Kentucky Considers Freeze on Property Tax Increases for Seniors
Kentucky legislators are considering a proposed constitutional amendment that would freeze property tax increases for homeowners 65 and older. WDRB reports Senate Bill 51 does not exempt seniors from property taxes but would lock the taxable value of the property from...
Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
Hawaii leads the nation with the lowest real estate tax rate while New Jersey is weighed down with the highest rate, according to a new data report by WalletHub. In an analysis of the 50 states and the District of Columbia, WalletHub found Hawaii has an effective real...
Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
Less than three in 10 homebuyers (29%) bought a home in an all-cash transaction in December, according to a data report from Redfin. This is down from 30.3% a year earlier and the lowest December share since 2020. The peak for all-cash homebuying was nearly 35% in...
News & Current Events
Chinese Company Forced to Divest Land Near Utah Military Bases
A Chinese company with ties to the Chinese Communist Party was forced to sell land it owned near two military installations in Utah. The Epoch Times reports Mitime Utah Investment LLC received a letter from the state last November ordering it divest the property, a...
Canadian Housing Starts Down by 15%
Vancouver recorded a 37% increase in actual starts due to higher multi-unit and single-detached starts. Continue Reading Canadian Housing Starts Down by 15%
NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
The hearing will focus only on privately owned housing. Continue Reading NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
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Mortgage Rates Inch Up Again
The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6. Continue Reading Mortgage Rates Inch Up Again
Foundation Mortgage Names Samuel Bjelac as SVP for National Sales, TPO
Bjelac most recently served in the same position at Carrington Mortgage Services. Continue Reading Foundation Mortgage Names Samuel Bjelac as SVP for National Sales, TPO
Report: Real Estate Investors Will Pay Up to 35% Above the Median Sales Price
Investors in more affordable states were focused on lower-priced and entry-level homes. Continue Reading Report: Real Estate Investors Will Pay Up to 35% Above the Median Sales Price
Q3 Home Prices Up in 77% of Metro Markets
Eight of the 10 most expensive markets were in California, led by the San Jose-Sunnyvale-Santa Clara metro at $1.9 million, up by 0.8% from one year earlier. Continue Reading Q3 Home Prices Up in 77% of Metro Markets
Commercial/Multifamily Borrowing Surged During Q3
Originations for office, retail, hotel, and multifamily properties fueled the year-over-year upswing. Continue Reading Commercial/Multifamily Borrowing Surged During Q3
Denver Broncos Submit Preliminary Plan for New Stadium
The team unveiled its plans for a new stadium in September, with the goal of having the facility opened in time for the 2031 NFL season. Continue Reading Denver Broncos Submit Preliminary Plan for New Stadium
David Saavedra Named CEO at the New Mexico Association of Realtors
He is the fourth CEO in two-and-a-half years. Continue Reading David Saavedra Named CEO at the New Mexico Association of Realtors
Bank of England Opts to Hold Rates Steady
The Monetary Policy Committee voted 5-4 not to cut rates at a time when the UK’s annual rate of consumer price inflation stood at 3.8%. Continue Reading Bank of England Opts to Hold Rates Steady
Report: Increasing Number of VA Loans Being Used in Homebuying
Nationwide, the number of VA loans rose 3% year-over-year in August, while the number of conventional loans declined 9%. Continue Reading Report: Increasing Number of VA Loans Being Used in Homebuying