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New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Rep. Andy Biggs (R-AZ) introduced companion legislation in the House of Representatives. Continue Reading New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Rep. Andy Biggs (R-AZ) introduced companion legislation in the House of Representatives. Continue Reading New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Gov. Newsom Signs Bill Enabling Denser Housing Construction Near Transit Hubs
California Gov. Gavin Newsom signed Senate Bill 79 into law, which will enable the state to overrule local zoning ordinances by allowing the creation of taller and denser housing developments to be built near transit corridors including bus stops and train stations....
Federal Realty Investment Trust Buys Maryland Shopping Center for $187 Million
Federal Realty Investment Trust (NYSE: FRT) announced its $187 million acquisition of Annapolis Town Center, a 480,000-square-foot open-air shopping center in Anne Arundel County, Maryland. The 19-acre property was constructed in the 1960s as an enclosed mall and...
Report: Calgary Leads Canada with Greatest Property Tax Hike
Calgary homeowners are burdened with the greatest property tax hikes in Canada, according to the study “Taxing Our Way to Unaffordable Housing” published by the Aristotle Foundation. Calgary’s average annual property tax jumped by from $2,736 to $3,496 during the...
NEWS & CURRENT EVENTS
Mortgage Rates Continue to Fall
The 30-year fixed-rate mortgage averaged 6.26% as of Sept. 18, down from last week when it averaged 6.35%. Continue Reading Mortgage Rates Continue to Fall
Trump Files Emergency Request with Supreme Court to Fire Lisa Cook
The request follows an appeals court decision on Monday that rejected Trump’s efforts to fire Cook ahead of the central bank’s Federal Open Market Committee meeting. Continue Reading Trump Files Emergency Request with Supreme Court to Fire Lisa Cook
Q2 Home Flipping Profit Margins Drop to 17-Year Low
The typical flipped property generated a 25.1% return on investment before expenses. Continue Reading Q2 Home Flipping Profit Margins Drop to 17-Year Low
Rithm Capital Buys Paramount Group for $1.6 Billion
Paramount’s portfolio includes 13 owned and four managed high quality office assets, totaling more than 13.1 million square feet, 85.4% of which is currently leased as of June 30. Continue Reading Rithm Capital Buys Paramount Group for $1.6 Billion
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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.
Amazon Acquires 23-Story Manhattan Office Property
The 600,000-square-foot property was constructed in 1896 and is entirely vacant. Continue Reading Amazon Acquires 23-Story Manhattan Office Property
Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht
John Tamahere McCabe is scheduled for an Oct. 16 sentencing hearing and faces a statutory maximum sentence of 20 years in federal prison. Continue Reading Hawaii Man Pleads Guilty to Defrauding 78-Year-Old Out of His Home and Yacht
NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage
Jumaane Williams owed nearly $1 million in mortgage debt. Continue Reading NYC Public Advocate Loses Brooklyn Home After 15 Years of Refusing to Pay His Mortgage
Elon Musk’s SpaceX Facility to Become America’s Newest City
A weekend vote of 212-6 resulted in the green light to organize the facility and launch site into the City of Starbase. Continue Reading Elon Musk’s SpaceX Facility to Become America’s Newest City
Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Burlington’s acquisition follows an expansion strategy by the company that saw the opening of 101 new stores last year. Continue Reading Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End
Buffett stated that he wanted to see Greg Abel as his replacement. Continue Reading Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End
Hits and Misses for the Real Estate Week of April 28-May 2
The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of April 28-May 2
Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million
Bossetti received more than $20 million in investments between September 2019 and June 2023. Continue Reading Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure
Miroslaw Krejza was convicted by a federal jury in 2023. Continue Reading Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure
T-Max Lending Moves HQ from San Diego to Sacramento
The company said the relocation places it “at the heart of California’s government and financial regulatory activity.” Continue Reading T-Max Lending Moves HQ from San Diego to Sacramento
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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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