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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...
$37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard
LandVest | Christie’s International Real Estate announced the $37.5 million sale of 48 Witchwood Lane in Edgartown in Martha's Vineyard, which sets a new record for a residential sale on the Massachusetts island. The three-acre estate features a 15,000-square-foot...
Maryland Sues Trump Administration for Blocking FBI HQ Relocation to the State
Maryland's state government has filed a lawsuit against the Trump administration for canceling construction on a new FBI headquarters in the state. The Epoch Times reports the administration overturned a Biden-era plan to move the agency’s offices out of Washington to...
NEWS & CURRENT EVENTS
Grant Cardone: Andrew Cuomo Rejected My Help to Defeat Zohran Mamdani
Hedge fund executive Bill Ackman told Cardone, “We need you to help Andrew.” Continue Reading Grant Cardone: Andrew Cuomo Rejected My Help to Defeat Zohran Mamdani
Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Survey: 1 in 5 Americans Have Lived in a Storage Unit
The survey also found that 84% of Americans would consider sleeping in a storage unit if they became homeless. Continue Reading Survey: 1 in 5 Americans Have Lived in a Storage Unit
FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
“We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. Continue Reading FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
BMO Unveils Spanish-Language Mortgage Application
The application is available both digitally and in a paper format available at branches. Continue Reading BMO Unveils Spanish-Language Mortgage Application
Realtor.ca Canada Launches CEO Recruitment Process
Realtor.ca Canada is the nation’s largest multiple listings service platform. Continue Reading Realtor.ca Canada Launches CEO Recruitment Process
Citigroup to Create $16.1 Million Office Facility in Charlotte
The average salary for these new jobs will be $131,832. Continue Reading Citigroup to Create $16.1 Million Office Facility in Charlotte
Compass Acquires Colorado’s PorchLight Real Estate Group
Founded in 2005 by Amy Bayer and Carol Bayer, PorchLight serves the Denver and Boulder markets. Continue Reading Compass Acquires Colorado’s PorchLight Real Estate Group
Lawsuit Filed to Stop Public Funding for Cleveland Browns’ New Stadium
“Look, it wasn’t my choice of where to take the money,” said Gov. Mike DeWine. Continue Reading Lawsuit Filed to Stop Public Funding for Cleveland Browns’ New Stadium
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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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