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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
Q3 Texas Home Sales Rise While Prices Decline
A total of 90,083 closed home sales were transacted in Texas during the third quarter, a 4.9% year-over-year increase. All but four Texas metros had more home sales in the third quarter compared with the same time last year. According to data from Texas Realtors, the...
Toll Brothers Debuts Luxury Townhome Community in New York’s Westchester County
Toll Brothers Inc. (NYSE: TOL) is opening its newest luxury townhome community Enclave at Armonk in Westchester County, the suburb just north of New York City. Located in the Town of Armonk, the community offers carriage-style townhomes with open-concept floor plans....
Report: DC-Based Howard University Considering Bay Area Satellite Campus
Washington, DC-based Howard University, one of the nation’s most prominent historically Black institutions of higher learner, is in talks to open a new satellite campus in Oakland, California. The San Francisco Chronicle reports the university has been in discussions...
NEWS & CURRENT EVENTS
Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Continue Reading Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
eXp Realty Launches UK Commercial Division
eXp Realty now has the first agent-powered platform in the UK to offer both residential and commercial services under a single model. Continue Reading eXp Realty Launches UK Commercial Division
Mortgage Application Activity Slows Down Again
Among the federal programs, the FHA share of total applications increased to 18.5% from 16.8% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Lincoln Property Company Acquires BL Mosher Consulting
The financial aspects of the transaction were not disclosed. Continue Reading Lincoln Property Company Acquires BL Mosher Consulting
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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.
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Canadian Housing Starts Mostly Flat in May
Montreal posted an 11% year-over-year increase in actual housing starts compared to May 2024, driven by more multi-unit starts. Continue Reading Canadian Housing Starts Mostly Flat in May
Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles
Devin Triche ran the Triche Team and partnered with Keller Williams Realty in Baton Rouge. Continue Reading Baton Rouge Realtor Sentenced for Indecent Behavior with Juveniles
Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
256-Unit Luxury Residential Tower to Rise Over Nairobi
Taher Saleh, managing director of SMB Properties, said, “Le Mirage Residences by CityBlue represents the pinnacle of luxury and architectural innovation in Kenya.” Continue Reading 256-Unit Luxury Residential Tower to Rise Over Nairobi
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme
His most recent effort to lure investor money came on April 25, when he used a Substack posting to solicit input from people seeking to improve their credit scores. Continue Reading Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme
Realtor.com CEO Wades into Debate Over Clear Cooperation Policy
“Brokers who facilitate private marketplaces are likely to find themselves on the wrong side of history,” said Damian Eales. Continue Reading Realtor.com CEO Wades into Debate Over Clear Cooperation Policy
New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned
Racing has taken place at Freehold since the 1830s. while organized racing began in 1854 with an annual fair featuring harness racing. Continue Reading New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned
Trump Organization Expands Into Mobile Phone Sector
The mobile phone plan will start at $47.45 a month, a reference to Trump serving as the 45th and 47th president. Continue Reading Trump Organization Expands Into Mobile Phone Sector
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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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