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$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Howard Hanna Acquires Manhattan’s Elegran Real Estate
Pittsburgh-headquartered Howard Hanna Real Estate Services, the nation’s fifth-largest real estate company, has announced its acquisition of Manhattan-based Elegran Real Estate. The financial details of the deal were not disclosed. Elegran agents will join Howard...
91-Unit Rental Home Community Opens in Edmonton
A new 91-unit rental home community has opened in Edmonton, Alberta. The Parkside North Townhomes were built on the former military base Griesbach Barracks. The development was funded with $44.9 million provided by Canada’s federal government, Canada Lands and the...
Mortgage Rates Take Another Tumble
Mortgage rates declined for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16, down from last week when it averaged 6.30%. A year ago at this...
NEWS & CURRENT EVENTS
Commercial and Multifamily Mortgage Debt Outstanding Increased During Q2
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
Michael Bailey Promoted to CEO at Zeman Homes
Prior to joining Zeman Homes last June, Bailey spent over a decade with Equity Lifestyle Properties. Continue Reading Michael Bailey Promoted to CEO at Zeman Homes
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
During July, homes marketed as fixer-uppers came with a median list price tag of just $200,000, which is 54% below the $436,250 median for all single-family homes. Continue Reading Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
The plaintiff, who was not publicly identified, is seeking class-action status for the lawsuit that will include financial compensation of up to $25,000 a person. Continue Reading Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
Popular Articles
WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
Median home prices have approached or exceeded $600,000 in some of the state’s markets. Continue Reading Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
Disney to Open First Middle East Theme Park in Abu Dhabi
The announcement did not include a timeline on construction and completion. Continue Reading Disney to Open First Middle East Theme Park in Abu Dhabi
A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?
Will GOP members of Congress withstand pressure from multiple fronts opposed to the president’s agenda? Continue Reading A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?
Compass Creates Private Exclusive Listings Book
Agents from all brokerages can visit any Compass office to individually browse Private Exclusives listings on a one-to-one basis. Continue Reading Compass Creates Private Exclusive Listings Book
Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores
All 178 of its locations in New York State will shut down next month. Continue Reading Rite Aid Files for Bankruptcy Again, Plans to Close All New York State Stores
TurboTenant Acquires Azibo
Azibo users will gain access to TurboTenant’s platform. Continue Reading TurboTenant Acquires Azibo
Can Home Staging Speed Up Sales and Boost the Transaction Price?
Most buyers’ agents (83%) said staging a home made it easier for the buyer to envision the property as their future home. Continue Reading Can Home Staging Speed Up Sales and Boost the Transaction Price?
Survey: One-in-Three Canadians Cite Down Payments as Biggest Obstacle to Homeownership
43% of respondents identified the high cost of living as their top financial challenge. Continue Reading Survey: One-in-Three Canadians Cite Down Payments as Biggest Obstacle to Homeownership
Toronto Home Sales Down Despite Surge in New Listings
The average selling price last month was $1.10 million, down 4.1% from $1.15 million in April 2024. Continue Reading Toronto Home Sales Down Despite Surge in New Listings
American Pride Bank Launches Third-Party Origination Mortgage
“In partnership with brokers, APB Wholesale is going to open new doors to homeownership for Americans nationwide,” said CEO Dominik Mjartan. Continue Reading American Pride Bank Launches Third-Party Origination Mortgage
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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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