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Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
A new data report from ATTOM has determined that 46.1% of mortgaged residential properties were equity-rich during the third quarter, down from 47.4% in the second quarter and from 48.3% in the third quarter of 2024. This occurred even though the national median home...
Pennsylvania Home Sales Up 10% Year-Over-Year
Pennsylvania recorded 10,696 home sales during September, a nearly 10% year-over-year surge. However, sales were down slightly from the 11,470 transactions in August. According to the Pennsylvania Association of Realtors (PAR), there were more than 43,000 homes on the...
Leadership Changes Announced at Fannie Mae
Fannie Mae (OTCQB: FNMA) announced the appointment of Chief Operating Officer Peter Akwaboah as acting CEO. He replaces Priscilla Almodovar, who served as chief executive since her appointment by then-President Biden in 2022 and took on the additional title of...
NEWS & CURRENT EVENTS
New Cricket Stadium Planned for Metro Atlanta Area
The stadium will be based at part of the 180-acre mixed-use Sola LaGrange development. Continue Reading New Cricket Stadium Planned for Metro Atlanta Area
FinCEN Delays Implementing Residential Real Estate Transfers Rule
The RRE Rule was announced in August 2024 and slated to go into effect on Dec. 1. Continue Reading FinCEN Delays Implementing Residential Real Estate Transfers Rule
Gov. DeSantis Announces Miami Site as Future Home of Trump Presidential Library
The parcel is currently utilized as an employee parking lot for Miami Dade College’s Wolfson Campus. Continue Reading Gov. DeSantis Announces Miami Site as Future Home of Trump Presidential Library
FTC Sues Zillow and Redfin Over ‘Unlawful Agreement’ on Rental Housing Listings
The FTC warned the agreement could create higher prices and worse terms for multifamily unit advertising. Continue Reading FTC Sues Zillow and Redfin Over ‘Unlawful Agreement’ on Rental Housing Listings
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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.
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
The buildings’ construction will be funded by G42 while the data center will be operated by OpenAI and the tech company Oracle. Continue Reading OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April
Appraisal Institute Ousts Vice President Accused of Sexual Harassment
Craig Steinley called the ouster “a deliberate act of retaliation driven by internal politics.” Continue Reading Appraisal Institute Ousts Vice President Accused of Sexual Harassment
$16.9 Million Allocated for Virginia Workforce Housing Investment Program
The program aims to increase the workforce housing supply in areas that have new or expanding businesses. Continue Reading $16.9 Million Allocated for Virginia Workforce Housing Investment Program
Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029
“Nationally, dwelling prices rose by 4.9% over 2024 and by a further 0.7% over the first three months of 2025,” the report said. Continue Reading Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029
NAR Commends House Passage of Trump’s ‘Big Beautiful Bill’
The bill passed this morning in a 215-214 House vote. Continue Reading NAR Commends House Passage of Trump’s ‘Big Beautiful Bill’
Trump: Decision on Ending Conservatorship on Fannie Mae and Freddie Mac Coming Soon
Fannie Mae and Freddie Mac were put in federal conservatorship in September 2008. Continue Reading Trump: Decision on Ending Conservatorship on Fannie Mae and Freddie Mac Coming Soon
Listings Featuring Swimming Pools at an All-Time High
Realtor.com acknowledged that homes with pools are generally larger than those without. Continue Reading Listings Featuring Swimming Pools at an All-Time High
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