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Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
CMBS Delinquency Rate Surges to 7.46%
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 23 basis points in October to 7.46%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 5.98%, a difference of 148 basis points. Last month, the overall...
DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
Reverie Residential, the Washington, DC-area brokerage formerly known as City Chic Real Estate, has expanded into Southern New Hampshire, where founder and principal broker Lindsay Dreyer has her roots. The Southern New Hampshire expansion will establish Reverie's...
ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
ECGI Holdings Inc. (OTC: ECGI), and Irvine, California-based technology-driven investment and development company, has signed a binding Letter of Intent (LOI) to acquire RezyFi Inc., a mortgage lender licensed in 29 states, in a stock-for-stock deal valued at...
NEWS & CURRENT EVENTS
CVS Pharmacy Completes Acquisition of Rite Aid Assets
CVS is now operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. Continue Reading CVS Pharmacy Completes Acquisition of Rite Aid Assets
Report: HUD Lays Off Nearly 500 Employees
The department did not make an official announcement of the layoffs. Continue Reading Report: HUD Lays Off Nearly 500 Employees
Texas Veterans Seek Expanded Property Tax Relief for Purple Heart Recipients
Under Texas law, only veterans with a 100% VA disability rating can receive a full exemption from property taxes. Continue Reading Texas Veterans Seek Expanded Property Tax Relief for Purple Heart Recipients
Survey: 1 in 5 Gen Zers Cite Housing Affordability as Their Greatest Concern
Only 36% believed they had the financial wherewithal for that responsibility. Continue Reading Survey: 1 in 5 Gen Zers Cite Housing Affordability as Their Greatest Concern
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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.
Why is a Rhode Island Property Tax Being Named After Taylor Swift?
Swift has not been seen in Rhode Island since last August when she hosted a celebrity-filled party at her property. Continue Reading Why is a Rhode Island Property Tax Being Named After Taylor Swift?
FHFA’s Pulte Says Would-Be Freddie Mac Bomber is Still Contacting Him
Lozano was fired from her job prior to Pulte’s confirmation as FHFA director. Continue Reading FHFA’s Pulte Says Would-Be Freddie Mac Bomber is Still Contacting Him
City Ventures Debuts New LA-Area Townhome Community
Pricing begins in the $500,000s. Continue Reading City Ventures Debuts New LA-Area Townhome Community
Kennedy Wilson Acquires 2 Apartment Communities for $166 Million
The fund invested $61 million of equity in these transactions. Continue Reading Kennedy Wilson Acquires 2 Apartment Communities for $166 Million
Blackstone Pays $2 Billion for CRE Loans from Atlantic Union
Blackstone has acquired $20 billion of CRE loan portfolios in the last 24 months. Continue Reading Blackstone Pays $2 Billion for CRE Loans from Atlantic Union
Virginia Home Sales Remain Flat While Prices Continue to Rise
Virginia’s median sales price was $440,000 in May, up $15,000 since last year, reflecting a 3.5% increase. Continue Reading Virginia Home Sales Remain Flat While Prices Continue to Rise
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.77% as of June 26. Continue Reading Mortgage Rates Decline Again
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
Weis Markets Opens First New Supermarket in 3 Years
The new store is Weis’ 50th in Maryland and includes a drive-thru pharmacy and a six-pump fuel center. Continue Reading Weis Markets Opens First New Supermarket in 3 Years
Report: Affordable Homeownership Remains Mostly Elusive
California had 16 of the 25 counties where affordable homeownership requires the highest annual income. Continue Reading Report: Affordable Homeownership Remains Mostly Elusive
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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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