Featured Real Estate News
Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
Ottawa-headquartered InterRent Real Estate Investment Trust (TSX: IIP.UN) has announced that Chairman and CEO Brad Cutsey is resigning effective March 23. He will also step down as a trustee of the multifamily market-focused REIT. The company said Cutsey’s departure...
Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
The company said Cutsey’s departure will enable him “to turn his attention to the next chapter of his career.” Continue Reading Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
New Initiative Seeks to Exempt California Seniors from Property Taxes
The growing grassroots revolt against property taxes is taking root in California with a new initiative to exempt homeowners ages 60 and older from paying property taxes on their primary residences. ABC10.com reports the office of California's Secretary of State...
Southern Impression Homes is Now Constructing 7 Build-to-Rent Properties Across Florida
The build-to-rent (BTR) developer Southern Impression Homes announced it currently has seven new properties under construction across Florida. The properties include the followings: The Eleanor – Daytona (266 units) Oak Isle – Gainesville (120 units) 12 Oaks – Orlando...
NYC Landlord Sued for Turning Rent-Stabilized Apartments into Short-Term Hotel Rooms
A New York City landlord is being sued for illegally turning rent-stabilized apartments into short-term hotel rooms. National Today reports the city filed a lawsuit against Mark David Militana, who owns two brownstone buildings on Manhattan’s Upper West Side. The two...
News & Current Events
Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Once listed at $4 million, it is back for sale at $400,000. Continue Reading Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Hits and Misses for the Real Estate Week of Feb. 2-6
A baseball team gets evicted from its stadium, a five-year-old lawsuit is settled, and a pizza chain loses 250 stores. Continue Reading Hits and Misses for the Real Estate Week of Feb. 2-6
Report: White House Considers Antitrust Investigation of Homebuilders
President Trump and Federal Housing Finance Agency Director Bill Pulte called out builders for not creating enough new housing. Continue Reading Report: White House Considers Antitrust Investigation of Homebuilders
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Exclusive News
reAlpha Mortgage Expands into Nevada Marketplace
With the new Nevada operations, reAlpha Mortgage is now licensed in 31 states. Continue Reading reAlpha Mortgage Expands into Nevada Marketplace
Stacey Onnen Named President at HomeSmart
“We are pleased to welcome Stacey to HomeSmart at such an important time in our growth,” said Matt Widdows, founder and CEO of HomeSmart. Continue Reading Stacey Onnen Named President at HomeSmart
Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Fox News first reported the story, culling its information from an unnamed “source close to the Federal Housing Finance Agency.” Continue Reading Report: FHFA Closing Fannie Mae and Freddie Mac’s NY Offices Due to Letitia James’ ‘Corrupt and Dangerous Business Practices’
Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
The rejections were based on compliance with guidelines included in new legislation that went into effect earlier this year. Continue Reading Utah Officials Reject Property Tax Hike Requests from 35 Cities and Taxing Entities
FICO Debuts Program to Sell Credit Scores Directly to Lenders
“Today marks a turning point in how credit scores are delivered and priced across the mortgage industry,” said Will Lansing, CEO of FICO. Continue Reading FICO Debuts Program to Sell Credit Scores Directly to Lenders
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