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New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
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
Pennsylvania Home Sales Hold Steady
The median home sales price rose 6.4% to $319,250 in August, up from $300,000 one year earlier. Continue Reading Pennsylvania Home Sales Hold Steady
Matthew Abrusci Named EVP and General Counsel at Freddie Mac
He was previously general counsel at Mitsubishi UFJ Financial Group (MUFG) Americas. Continue Reading Matthew Abrusci Named EVP and General Counsel at Freddie Mac
Housing Supply Drops to 2-Year Low
Redfin attributed the decline to sellers responding to sluggish homebuyer activity, with sales far below pre-pandemic levels. Continue Reading Housing Supply Drops to 2-Year Low
Compass Acquires Anywhere Real Estate for $1.6 Billion in All-Stock Transaction
This transaction will bring together approximately 340,000 real estate professionals globally onto a shared network operating in every major US city and approximately 120 countries and territories. Continue Reading Compass Acquires Anywhere Real Estate for $1.6 Billion in All-Stock Transaction
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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.
New Data Reports Find Home Prices Rising at Slower Pace
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.9% annual return for February. Continue Reading New Data Reports Find Home Prices Rising at Slower Pace
Phoenix Man Fined by State for Real Estate Investment Fraud
Gary Martin spent investor funds on personal expenses, including the payment of his mother’s rent. Continue Reading Phoenix Man Fined by State for Real Estate Investment Fraud
NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump
State Sen. Brad Hoylman-Sigal said, “We must hold our government officials to the highest standard.” Continue Reading NY Legislator Suggests Law to Prevent Penn Station from Being Renamed for Trump
Investor Indicted in $7 Million Brooklyn Deed Fraud Theft
Wing Fung Chau was arraigned on two counts of first-degree grand larceny and three counts of first-degree falsifying business records. Continue Reading Investor Indicted in $7 Million Brooklyn Deed Fraud Theft
Washington Commanders Announce Plans for New Stadium at DC’s RFK Site
The NFL’s Washington Commanders have agreed to a deal with the District of Columbia that will result in creation of a nearly $4 billion, 65,000-seat stadium on the site of Robert F. Kennedy (RFK) Memorial Stadium. According to combined media reports, the stadium is...
Marriott Acquires CitizenM Hotel Brand for $355 Million
Marriott is now forecasting its full year 2025 net rooms growth to approach 5%. Continue Reading Marriott Acquires CitizenM Hotel Brand for $355 Million
Webstar Technology Group to Tokenize Real Estate Assets
The Atlanta-headquartered real estate development company Webstar Technology Group (OTCMKTS: WBSR) announced a strategic initiative to integrate cryptocurrency tokenization into its current and future real estate ventures. The company said it will utilize blockchain...
Caribbean-Focused Blue Mahoe Capital Secures Nasdaq Ticker
“Reserving a ticker symbol is an exciting milestone as we explore the possibility of listing on a major US exchange,” said David Mullings, chairman and CEO. Continue Reading Caribbean-Focused Blue Mahoe Capital Secures Nasdaq Ticker
Report: Female Real Estate Agents in Tampa Bay Harassed by Foot Fetish Fiend at Open Houses
Female real estate agents in Florida’s Tampa Bay are dealing with a highly unusual problem – a man who shows up at their open houses and conspires to find an excuse to touch or caress their feet. WFLA.com interviewed agent Angela Julian, who encountered the foot...
Compass Sues NWMLS, Citing ‘Monopolistic’ and ‘Anticompetitive’ Policies
NWMLS did not immediately comment on the lawsuit. Continue Reading Compass Sues NWMLS, Citing ‘Monopolistic’ and ‘Anticompetitive’ Policies
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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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