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Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
A Los Angeles mansion that was briefly the most US expensive home listed for sale is scheduled to be sold in a foreclosure auction. The Wall Street Journal reports the 8.5-acre Casa Encantada, which made headlines in 2023 with an audacious $250 million listing price,...
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...
NEWS & CURRENT EVENTS
Start-Up Feesback Debuts Lead Platform with 50% Cashback on Real Estate Commissions
The company is currently running a pilot program in New York City. Continue Reading Start-Up Feesback Debuts Lead Platform with 50% Cashback on Real Estate Commissions
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
William Holden’s Palm Springs Estate Listed for $11 Million
The property, which was listed as a historic site by the City of Palm Springs in 2018, last sold in 2017 for $3.4 million. Continue Reading William Holden’s Palm Springs Estate Listed for $11 Million
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
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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.
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
Pennsylvania Governor Declines to Rule Out Using Public Funds for New NFL Stadiums
“I’m very worried about the overall budget,” Shapiro said. Continue Reading Pennsylvania Governor Declines to Rule Out Using Public Funds for New NFL Stadiums
Arrest Made in Hit-and-Run Death of ‘Million Dollar Beach House’ Agent Sara Burack
Amanda Kempton faces seven years in prison on a felony charge of leaving the scene of a motor vehicle accident in which there is a fatality. Continue Reading Arrest Made in Hit-and-Run Death of ‘Million Dollar Beach House’ Agent Sara Burack
Kroger to Close 60 Stores Over the Next 18 Months
Kroger operates 2,730 stores in 35 states and the District of Columbia under multiple brands. Continue Reading Kroger to Close 60 Stores Over the Next 18 Months
Joseph Canizaro, Prominent New Orleans Developer, Dies at 88
Former New Orleans Mayor Marc Morial praised Canizaro as “one of the most influential and impactful New Orleanians of the past 50 years.” Continue Reading Joseph Canizaro, Prominent New Orleans Developer, Dies at 88
FHFA’s Pulte Continues Attacks on Powell, Joined by Commerce Secretary Lutnick
“The United States of America is the greatest country in the world yet it has to suffer with the highest interest rates of any first class country,” Lutnick wrote. Continue Reading FHFA’s Pulte Continues Attacks on Powell, Joined by Commerce Secretary Lutnick
Hits and Misses for the Real Estate Week of June 16-20
Another sports team eyeing public funds for a new stadium, property tax relief comes to Texas, and a social media influencer who gave very bad advice. Continue Reading Hits and Misses for the Real Estate Week of June 16-20
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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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