Featured Real Estate News
Report: 46% More Sellers Than Buyers in Housing Market
A new data report published by Redfin has determined there were an estimated 46.3% more home sellers than buyers in the housing market in February – a numerical gap of 629,808. This is up from 29.8% (or 449,409) from one year earlier and marked the largest imbalance...
Report: 46% More Sellers Than Buyers in Housing Market
The strongest buyer’s market last month was Miami, which had an estimated 163% more sellers than buyers. Continue Reading Report: 46% More Sellers Than Buyers in Housing Market
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
A new bipartisan bill introduced in the US House of Representatives will enable families to put unused college savings toward a down payment. The First-Time Homebuyer Empowerment Act (H.R. 7468) would amend the tax code to allow people to withdraw up to $35,000 in...
Ground Broken on New Mixed-Use Development in Ottawa
The real estate development and investment firm Colonnade BridgePort and the Fiera Real Estate CORE Fund have broken ground on Junction Central, a mixed-use residential community in Ottawa. The new project is located on a 4.9-acre site located next to Ottawa’s...
New Jersey’s $10,570 Average Property Tax Bill Hits Record High
New Jersey’s statewide average property tax bill for 2025 was $10,570, a new record high. According to coverage from NJ1015.com, last year’s average bill was roughly $500 above the 2024 level, the previous record high and the first time the bill was a five-digit...
News & Current Events
Homeowner Affordability Improves Slightly in California
More California households (28%) could afford a typical condo/townhome in the fourth quarter, rising from 27% in the prior quarter and from 25% one year before. Continue Reading Homeowner Affordability Improves Slightly in California
Mortgage Application Activity Remains Flat as Credit Availability Increases
The FHA share of total applications increased to 18.4% from 17.8% the week prior. Continue Reading Mortgage Application Activity Remains Flat as Credit Availability Increases
The Iowa Bears? Hawkeye State Eyes Chicago Team
Iowa’s pitch comes as some Indiana lawmakers have hit the brakes on their state’s efforts to attract the Bears. Continue Reading The Iowa Bears? Hawkeye State Eyes Chicago Team
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Exclusive News
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
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
FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
CBRE represented the seller, an affiliate of First Atlantic, LLC, and procured the buyer, an affiliate of Heritage Housing Inc. Continue Reading 169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
Corcoran Group Announces First Franchise in New Mexico
The firm will serve clients across the New Mexico capital city and in the surrounding areas up to the Colorado border. Continue Reading Corcoran Group Announces First Franchise in New Mexico
Kendra Newman Named General Counsel at Keller Williams
Newman joined KW in August 2021 as vice president and deputy general counsel. Continue Reading Kendra Newman Named General Counsel at Keller Williams