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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
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
Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
A new report has found a significantly lopsided allotment of affordable housing across New York City. 6SqFt.com reports the latest NYC Housing Tracker Report from the New York Housing Conference found only 10 of the city’s 51 Council districts produced more than half...
Swiss Mansion That Hosted 1985 Reagan-Gorbachev Summit Up for Auction
The Swiss mansion that was the site of the historic 1985 Geneva Summit between President Ronald Reagan and Soviet General Secretary Mikhail Gorbachev is up for auction with a starting bid of $12.6 million. Mansion Global reports the 28-room mansion was built in 1867...
Former Fannie Mae President David Benson Returns as Senior Adviser
David Benson, the former president of Fannie Mae (OTCQB: FNMA), is rejoining the government-sponsored enterprise in the capacity of a senior adviser. Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and the self-appointed chairman of Fannie Mae, made...
NEWS & CURRENT EVENTS
Leadership Shake-Up at Legacy Housing Corporation
Company co-founder and Chairman Kenny Shipley will serve as interim CEO. Continue Reading Leadership Shake-Up at Legacy Housing Corporation
Report: Apartment Rents Down Slightly in September
All regions posted month-over-month rent declines in September, most notably in the West with a -0.5% tumble. Continue Reading Report: Apartment Rents Down Slightly in September
The Slocum Home Team, a Rhode Island Brokerage, Joins eXp Realty’s Network
“The Slocum Home Team represents everything we believe in at eXp: legacy, excellence, and innovation,” said CEO Leo Pareja. Continue Reading The Slocum Home Team, a Rhode Island Brokerage, Joins eXp Realty’s Network
Good Earth Cafes Seeks to Acquire Former Starbucks Locations Across Canada
The company operates more than 50 locations across Canada. Continue Reading Good Earth Cafes Seeks to Acquire Former Starbucks Locations Across Canada
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Case-Shiller Index Records 2.7% Annual Gain in April
Separately, the Federal Housing Finance Agency reported house prices were down 0.4% in April from March. Continue Reading Case-Shiller Index Records 2.7% Annual Gain in April
Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million
The acquired property is the largest mall in North Carolina’s Research Triangle area. Continue Reading Macerich Company Acquires 1.3 Million SF Raleigh Mall for $290 Million
Barri Rafferty to Lead PR/Government Relations at Anywhere Real Estate
She will report directly to Anywhere President and CEO Ryan Schneider and will serve on the company’s executive committee. Continue Reading Barri Rafferty to Lead PR/Government Relations at Anywhere Real Estate
Trump Tells Congress to Pressure ‘Very Dumb, Hardheaded’ Powell Over Rate Policy
“Europe has had 10 cuts, we have had ZERO,” said Trump on Truth Social. Continue Reading Trump Tells Congress to Pressure ‘Very Dumb, Hardheaded’ Powell Over Rate Policy
Florida Records Declines in Home Sales and Prices
The statewide median sales price for single-family existing homes last month was $415,000, down 2.7% from the previous year. Continue Reading Florida Records Declines in Home Sales and Prices
New York State Home Sales Down 11% Despite Increase in Listings
The median sales price in New York State for May was $436,000, up 3.8% from the $420,000 price set one year earlier. Continue Reading New York State Home Sales Down 11% Despite Increase in Listings
Fed’s Bowman Open to Supporting July Rate Cut
Bowman follows Fed Governor Christopher Waller, who stated last Friday that the central bank was “in the position” to enact a rate cut “as early as July.” Continue Reading Fed’s Bowman Open to Supporting July Rate Cut
Connecticut Governor Vetoes Affordable Housing Bill
“I’m not happy with the local red tape, but I want the towns to take the lead,” said Gov. Ned Lamont. Continue Reading Connecticut Governor Vetoes Affordable Housing Bill
Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
“No one company should have the power to ban agents or listings simply because they don’t follow that company’s business model,” said Compass CEO Robert Reffkin. Continue Reading Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
Existing Home Sales Up in May
The median existing home price for May was $422,800, up 1.3% from the $417,200 price set one year earlier. Continue Reading Existing Home Sales Up in May
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