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New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
Ohio Lawmaker Proposes Replacing Local Property Taxes with a Statewide Tax
An Ohio lawmaker is proposing a dramatic change to the state’s tax structure by eliminating local property taxes and replacing them with a statewide tax. Statehouse News reports Sen. Andrew Brenner, the Republican chairman of the Ohio Senate Education Committee,...
REcore Solutions Drops Breach of Contract Lawsuit Against Homes.com and CoStar Group
The breach of contract lawsuit filed earlier this week by REcore Solutions LLC, a licensing services vendor working with multiple listing services and an offshoot of the California Regional Multiple Listing Service Inc. (CRMLS), against Homes.com and its parent...
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
New York Attorney General Letitia James is seeking to have her mortgage fraud indictment dismissed, citing the legality of newly appointed Lindsey Halligan as the prosecutor for the case. CNN reports James’ legal time submitted a two-page court filing that “challenges...
NEWS & CURRENT EVENTS
Ground Broken for New 10,000-Seat Arena in Reno
The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. Continue Reading Ground Broken for New 10,000-Seat Arena in Reno
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
CMBS Delinquency Rate Falls After 6 Months of Increases
Year-over-year, the overall CMBS delinquency rate is up 153 basis points from 5.70% Continue Reading CMBS Delinquency Rate Falls After 6 Months of Increases
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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.
US Housing Market Has Nearly $700 Billion in Listings, a Record High
This new record was achieved as the US housing supply soared 16.7% year-over-year to a five-year high. Continue Reading US Housing Market Has Nearly $700 Billion in Listings, a Record High
Realty One Group International Expands Into the Dominican Republic
This is the 27th country where the company has a presence. Continue Reading Realty One Group International Expands Into the Dominican Republic
6-Unit Connecticut Multifamily Property Sells for $2 Million
Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the transaction. Continue Reading 6-Unit Connecticut Multifamily Property Sells for $2 Million
Egypt Unveils Plans for New City
Egyptian Prime Minister Moustafa Madbouli declared the project to be “an urban and development revolution” that will create 250,000 jobs. Continue Reading Egypt Unveils Plans for New City
Hits and Misses for the Real Estate Week of May 26-30
This week’s Hits and Misses include Gov. Ron DeSantis and Kim Reynolds, former Vice President Kamala Harris, and NAR’s newest executives. Continue Reading Hits and Misses for the Real Estate Week of May 26-30
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
Report: New Apartments Sitting Vacant for Months
Nearly 125,000 new apartments were completed in the fourth quarter, the second highest number on record. Continue Reading Report: New Apartments Sitting Vacant for Months
King Charles Makes Royal Property Available as Short-Term Rental
The refurbished property has a naughty history as the love-nest of Edward VII, the monarch’s great-great-grandfather, and his actress lover Lillie Langtry. Continue Reading King Charles Makes Royal Property Available as Short-Term Rental
Hyatt Launches New Upscale Hotel Brand
According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.” Continue Reading Hyatt Launches New Upscale Hotel Brand
Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income
Property tax has become a hot-button issue in Ohio. Continue Reading Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income
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