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15% of Home Purchase Agreements Canceled During October
San Antonio led the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. Continue Reading 15% of Home Purchase Agreements Canceled During October
15% of Home Purchase Agreements Canceled During October
San Antonio led the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. Continue Reading 15% of Home Purchase Agreements Canceled During October
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Angel Oak Mortgage Solutions LLC, the Atlanta-headquartered wholesale and correspondent non-qualified mortgage (non-QM) lender, has expanded is product line with the debut of 5-year and 7-year Adjustable-Rate Mortgages (ARM). According to the company, the new ARM...
Hospitality at Work Acquires Vector Property Services
Hospitality at Work, a manager of office and mixed-use properties and a subsidiary of the real estate developer and investor Lowe, has acquired Vector Property Services, a Denver-based company with over 2.5 million square feet of institutional property under...
Mortgage Rates Go Into Decline
After rising for two weeks, mortgage rates reversed course and declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9, down from last week when it averaged 6.34%. A year...
NEWS & CURRENT EVENTS
New Reality TV Series Focuses on Commercial Real Estate
The Real Estate Commission” is an eight-episode series hosted by Todd J. Drowlette, managing director of Titan Commercial Realty Group. Continue Reading New Reality TV Series Focuses on Commercial Real Estate
Canada Unveils Program for Energy Bill Reductions
Using a direct-installation model, CGHAP participants will not have to pay out of pocket for upgrades to their homes. Continue Reading Canada Unveils Program for Energy Bill Reductions
Las Vegas Realtors Removes Incoming Director for Cheering Charlie Kirk’s Murder
Mark Sivek, a Realty One Group broker, said, “The world is a better place without him.” Continue Reading Las Vegas Realtors Removes Incoming Director for Cheering Charlie Kirk’s Murder
Private Equity Fund CEO Charged with Real Estate Investing Fraud
Marco Giovanni Santarelli is charged with one count of wire fraud. Continue Reading Private Equity Fund CEO Charged with Real Estate Investing Fraud
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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.
Turnbridge Equities Acquires LA Industrial Park for $28 Million
The property is currently 70% occupied, which the company noted was below the submarket average of 98%. Continue Reading Turnbridge Equities Acquires LA Industrial Park for $28 Million
Newmark Promotes Lou Alvarado to Chief Operating Officer
Alvarado first joined Newmark in 2015 as executive vice president and Boston market leader. Continue Reading Newmark Promotes Lou Alvarado to Chief Operating Officer
New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness
US Attorney Bill Essayli has launched the Homelessness Fraud and Corruption Task Force to investigate fraud, waste, abuse, and corruption involving funds allocated for addressing homelessness in the seven counties within the jurisdiction of the Central District of...
Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Acting Mayor Scanlon insisted the 8% property tax levy increase will generate around $13.7 million. Continue Reading Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals
The new $1,000 award aims to support undergraduate students pursuing careers in real estate. Continue Reading Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals
Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’
It is also unclear what, if any, role the Department of Government Efficiency played in identifying the alleged fraud. Continue Reading Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
Report: Roof Repair Costs at $31 Billion in 2024
Since 2022, non-catastrophic wind/hail roof claims increased from 17% to 25%. Continue Reading Report: Roof Repair Costs at $31 Billion in 2024
Foundational Builders Corporation Expanding to Arizona and Florida
The company appointed Joe El Rady as chief financial officer. Continue Reading Foundational Builders Corporation Expanding to Arizona and Florida
HomeLife Realty Services Rolls Out Cash Back Program
Buyers and sellers will receive a suggested 5% cash back from a participating agent’s share of the commission. Continue Reading HomeLife Realty Services Rolls Out Cash Back Program
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