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Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
Report: Home Delistings Up 28% Year-Over-Year
Roughly one in five homes that were delisted over the summer were re-listed within three months. Continue Reading Report: Home Delistings Up 28% Year-Over-Year
FHFA Withdraws Three Biden-Era Proposed Rules
The Federal Housing Finance Agency (FHFA) has withdrawn three proposed rules put forth during the Biden administration relating to the government-sponsored enterprises and the Federal Home Loan Banks (FHLBanks). The withdrawals involve a 2021 proposed rule that would...
One in Six Home Sellers Dropped Their Asking Price
One of every six (16.7%) home sellers dropped their asking price in August, up from 15.9% one year earlier. According to data from Redfin, this marked the highest share for August in records dating back to 2012. The typical home that sold in August went for 3.8% less...
Toronto Home Sales and Listings Rise While Prices Drop
A total of 5,592 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in September, an 8.5% year-over-year increase. This occurred with a 4% year-over-year uptick of new listings into the MLS System, resulting in a total of...
NEWS & CURRENT EVENTS
Edmonton Duo Charged with Real Estate Investing Scam
Yuvraj Verma and Rohit Sethi used several corporations to raise approximately $6.8 million from investors for an Edmonton-based real estate project. Continue Reading Edmonton Duo Charged with Real Estate Investing Scam
Report: Bessent Curses and Threatens Pulte During DC Private Party
Ultimately, there was no violence – Bessent and Pulte were seated at opposite ends of the dinner table and there was no further disruption. Continue Reading Report: Bessent Curses and Threatens Pulte During DC Private Party
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
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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.
A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Why is freshman Rep. Pat Harrington raising concerns over GNC stores on US military bases? Continue Reading A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?
Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Legacy Park opened in January 2022, but within months it failed to generate enough revenue to make the monthly bond payments. Continue Reading Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex
Knightvest Capital Names Madison Tappan Chief Investment Officer
Tappan will oversee Knightvest’s acquisition strategy and lead efforts to expand the firm’s multifamily portfolio in key Sun Belt markets. Continue Reading Knightvest Capital Names Madison Tappan Chief Investment Officer
KeyBank Debuts Grant Program for Community Development Financial Institutions
The KeyBank Foundation intends to award one $200,000 grant to an exemplary CDFI in each of the bank’s 27 markets. Continue Reading KeyBank Debuts Grant Program for Community Development Financial Institutions
Former Kraken Executives Buy Majority Stake in Janover
Janover’s founder Blake Janover will remain on the board. Continue Reading Former Kraken Executives Buy Majority Stake in Janover
New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
“We’ve come together as a coalition with a plan to protect Canadians and build a resilient housing system,” said Tim Richter, president of the Canadian Alliance to End Homelessness. Continue Reading New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
Nine Big Lots Stores to Reopen This Week
The reopened stores include three locations in Tennessee and single locations across Kentucky, Louisiana, Mississippi and North Carolina. Continue Reading Nine Big Lots Stores to Reopen This Week
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The property was completed and offers a mix of studios, one-, two- and three-bedroom units. Continue Reading The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
The transaction marks the second time Neighborhood Ventures purchased a distressed property and the first in foreclosure. Continue Reading Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
Long Vacant Historic NYC Theater Acquired with State Grants
New York Gov. Kathy Hochul took credit for helping to finance the acquisition. Continue Reading Long Vacant Historic NYC Theater Acquired with State Grants
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