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Owner of Minnesota Lodge Resort Charged with Torching the Property
He submitted a $16.5 million insurance claim, citing “a fire of unknown origin” as the cause of the destruction. Continue Reading Owner of Minnesota Lodge Resort Charged with Torching the Property
Owner of Minnesota Lodge Resort Charged with Torching the Property
He submitted a $16.5 million insurance claim, citing “a fire of unknown origin” as the cause of the destruction. Continue Reading Owner of Minnesota Lodge Resort Charged with Torching the Property
Florida’s Single-Family Home Sales Up 13.6% in September
A total of 21,271 closed sales of existing single-family homes were recorded in Florida during September, up 13.6% year-over-year, while existing condo-townhouse sales totaled 7,187, up 8% from one year ago. According to data from Florida Realtors, statewide existing...
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...
NEWS & CURRENT EVENTS
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
Luxury Home Sales Rise While Sales Activity Declines
“Sales have slowed across all price tiers, and luxury homes are no exception,” said Redfin Senior Economist Sheharyar Bokhari. Continue Reading Luxury Home Sales Rise While Sales Activity Declines
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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.
Sotheby’s International Realty Opens New Office in Hungary
The Budapest-based Hungary Sotheby’s International Realty will service the luxury residential market throughout the capital, the surrounding regions, and the Lake Balaton area. Continue Reading Sotheby’s International Realty Opens New Office in Hungary
Yes Communities Launches New Manufactured Housing Community in Florida
Savannas Ridge’s amenities include a clubhouse, resort-style swimming pool, playground and basketball court. Continue Reading Yes Communities Launches New Manufactured Housing Community in Florida
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
Trump Meets with Powell at the White House
Trump, who has been highly critical of Powell’s leadership of the Fed, did not immediately comment on the meeting. Continue Reading Trump Meets with Powell at the White House
Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage
Prosecutors will recommend Colby Parks serve no more than 33 months in prison when he is sentenced on Aug. 29. Continue Reading Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage
New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices
Real estate is an important aspect of Dubai’s economy, with $207.22 billion in transactions last year. Continue Reading New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Penner is critical of Gov. Gavin Newsom, particularly in his handling of the Los Angeles County wildfires. Continue Reading Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
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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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