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Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
A mere 28 out of every 1,000 homes changed hands this year, which covers 2.77% of the national housing inventory. That is down slightly from last year’s 2.78% share, and it is the lowest turnover rate in at least 30 years. According to a data report from Redfin, the...
The Shops at Laguna, California Shopping Center, Sells for $19.1 Million
The Shops at Laguna Reserve, a 33,308-square-foot, fully leased shopping center in Elk Grove, California, has sold for $19.1 million. The property encompasses four parcels totaling 4.16 acres. Six pad buildings were constructed in 2005, and the center is shadow...
Fed to Reduce Staff in Banking Supervision Group by 30%
The Federal Reserve is enacting a 30% staff reduction in its division focused on banking supervision. The job cuts were detailed in an internal memo viewed by The Wall Street Journal – the Federal Reserve has not made any public statement on its layoffs, which would...
NEWS & CURRENT EVENTS
Florida Lawmaker Proposes $1,000/Year Property Tax Rebate for Next 5 Years
The rebates would be administered by the Florida Department of Financial Services. Continue Reading Florida Lawmaker Proposes $1,000/Year Property Tax Rebate for Next 5 Years
Michigan Woman Charged with 10 Felonies in Real Estate Fraud Schemes
Amanda Escalante-Lopez allegedly made several verbal agreements for land contracts and title to homes that she did not own. Continue Reading Michigan Woman Charged with 10 Felonies in Real Estate Fraud Schemes
The Agency Opens New Office in Savannah
The Savannah location is The Agency’s 16th office across the Southeast. Continue Reading The Agency Opens New Office in Savannah
UWM and Bilt Partner on Rewards Program for Mortgage Payments
“This platform helps brokers win new, high-intent, leads from Bilt’s ecosystem,” said UWM’s Mat Ishbia. Continue Reading UWM and Bilt Partner on Rewards Program for Mortgage Payments
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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.
Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
He claimed “I don’t think that we should have billionaires” because of perceived income inequality gaps. Continue Reading Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
SEC Charges New Hampshire Developer with Defrauding Real Estate Investors
The US Attorney’s Office for the District of New Hampshire filed criminal charges against Robynne Alexander. Continue Reading SEC Charges New Hampshire Developer with Defrauding Real Estate Investors
Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex
Post District opened in December 2023 and spans five buildings. Continue Reading Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex
Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion
Hyatt Hotels Corporation (NYSE: H) announced the sale of Playa Hotels & Resorts NV’s real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Hyatt acquired Playa earlier this year for...
North Korea Unveils Shoreline Tourist Mecca
North Korea’s tiny tourism industry was shut down during the pandemic and only began receiving Russian tourists again in 2024. Continue Reading North Korea Unveils Shoreline Tourist Mecca
Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
The property, called Bird Point, is located along 2,400 feet of protected shoreline and encompasses three residences. Continue Reading Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
Hits and Misses for the Real Estate Week of June 23-27
Cryptocurrency permeates housing policy, HUD muscles its way into a new headquarters, and Cincinnati will not have a new football stadium. Continue Reading Hits and Misses for the Real Estate Week of June 23-27
Report: ‘Million Dollar Beach House’ Agent Sara Burack ‘Homeless by Choice’ at Time of Death
“She was staying in bank foyers,” said Mike White, her former boyfriend. Continue Reading Report: ‘Million Dollar Beach House’ Agent Sara Burack ‘Homeless by Choice’ at Time of Death
GSEs Rebrand and Expand Common Securitization Solutions as US Fin Tech
“We created US Fin Tech to demonstrate the incredible ingenuity of American technology under President Trump’s leadership,” said FHFA’s Bill Pulte. Continue Reading GSEs Rebrand and Expand Common Securitization Solutions as US Fin Tech
Trepp Launches Training Program for Commercial Real Estate Professionals
“This initiative reflects Trepp’s commitment to supporting lifelong learning and strengthening the CRE talent pipeline,” said CEO Annemarie DiCola. Continue Reading Trepp Launches Training Program for Commercial Real Estate Professionals
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