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Indiana Broker Has License Revoked Amid Multiple Fraud and Forgery Charges
Total victim losses could be higher than $100 million. Continue Reading Indiana Broker Has License Revoked Amid Multiple Fraud and Forgery Charges
Indiana Broker Has License Revoked Amid Multiple Fraud and Forgery Charges
Total victim losses could be higher than $100 million. Continue Reading Indiana Broker Has License Revoked Amid Multiple Fraud and Forgery Charges
Mortgage Application Activity Down by Nearly 4%
Mortgage application activity slowed during the week ending Dec. 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 3.8% on a seasonally adjusted basis from...
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
NEWS & CURRENT EVENTS
New Report Names Detroit as America’s Neediest City
“The city has the third-highest share of households lacking complete plumbing facilities and the 10th-highest share lacking complete kitchen facilities,” the report said. Continue Reading New Report Names Detroit as America’s Neediest City
Builder Confidence Inches Up Slightly, But Pessimism Remains
The latest HMI survey also found 40% of builders were cutting prices in December. Continue Reading Builder Confidence Inches Up Slightly, But Pessimism Remains
Canadian Home Sales and Prices Down During November
There were 173,000 properties listed for sale across all Canadian MLS Systems at the end of November, up 8.5% from one year earlier. Continue Reading Canadian Home Sales and Prices Down During November
Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb
The multifamily developer Thompson Thrift announced that it will develop Wrenly, a 214-unit community in the Atlanta suburb of Newnan, Georgia. Continue Reading Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb
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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.
Q3 Real Estate Investor Purchasing Up by Only 1% Year-Over-Year
Nationwide, 8% of homes investors offloaded in the third quarter were sold at a loss, up from 6.5% a year earlier. Continue Reading Q3 Real Estate Investor Purchasing Up by Only 1% Year-Over-Year
Execution Date Set for Killer of 2 Georgia Realtors
Stacey Ian Humphreys will be put to death by lethal injection on Dec. 17. Continue Reading Execution Date Set for Killer of 2 Georgia Realtors
Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
“This should be the end of this case,” said Abbe Lowell, James’ attorney. Continue Reading Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
Ares Commercial Real Estate Acquires 20-Property Industrial Portfolio
The portfolio totals more than three million square feet, with properties ranging from 16,000 to 500,000 square feet. Continue Reading Ares Commercial Real Estate Acquires 20-Property Industrial Portfolio
Government Watchdog Agency Opens Probe into FHFA’s Pulte
Pulte and the FHFA did not publicly comment on the report. Continue Reading Government Watchdog Agency Opens Probe into FHFA’s Pulte
Starter Home Sales Up Nearly 5%
The typical starter home price rose 2% year-over-year to $260,000 in October. Continue Reading Starter Home Sales Up Nearly 5%
Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
The survey found that 65.3% of Indiana districts already reduced or will reduce support staff, while 55.8% have already reduced or will reduce teaching staff. Continue Reading Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Qualification can be obtained through 12 months of personal or business bank statements, or one year’s full documentation. Continue Reading Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
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