Featured Real Estate News
Grocery Outlet to Close 36 Underperforming Stores
Grocery Outlet Holding Corp. (NASDAQ: GO), the Emeryville, California-based parent company of the Grocery Outlet chain of bargain-priced supermarkets, announced it is closing 36 stores following dismal fourth quarter earnings that resulted in a roughly $235 million...
Grocery Outlet to Close 36 Underperforming Stores
“We are not fully exiting any state,” said President and CEO Jason Potter. Continue Reading Grocery Outlet to Close 36 Underperforming Stores
Zillow: Homes Will Be Affordable in 20 Major Markets by Year’s End
A new forecast from Zillow (NASDAQ: Z, ZG) is predicting that mortgage payments on a typical home will be affordable in 20 major metropolitan areas by the end of the year. If the forecast is correct, that would be highest level since 2022. In presenting its forecast,...
December New Home Purchase Mortgage Applications Up by 2.5%
Mortgage applications for new home purchases in December increased by 2.5% from one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications decreased by 3%. MBA estimated new single-family home sales...
Kamala Harris Drops $8.15 Million on Malibu Mansion
Former Vice President Kamala Harris has a new home in the swanky Point Dume section of Malibu. The New York Post reports Harris and her husband, attorney Doug Emhoff, paid $8.15 million in an off-market transaction for a 4,000-square-foot, four-bedroom, six-bathroom...
News & Current Events
The Indiana Bears? Hoosier Governor Campaigns to Attract Chicago’s Football Team
“We are working hard to bring the Chicago Bears to the Hoosier State so they can really see what a great place is to have a business,” said Gov. Braun. Continue Reading The Indiana Bears? Hoosier Governor Campaigns to Attract Chicago’s Football Team
Tennessee Voters to Consider Ban on State Property Tax
While there has not been a state property tax collection since 1946, a proposed constitutional amendment would ensure that authority is disabled for good. Continue Reading Tennessee Voters to Consider Ban on State Property Tax
House of Representatives Passes Affordable HOMES Act
The bill has been received in the US Senate, where it was referred to the Committee on Energy and Natural Resources. Continue Reading House of Representatives Passes Affordable HOMES Act
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Lennar Begins Home Sales at New Florida Community
The community includes a 55+ active adult section. Continue Reading Lennar Begins Home Sales at New Florida Community
Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Los Angeles Mayor Karen Bass issued a similar executive order. Continue Reading Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Trump Calls on Fed Board of Governors to Overthrow Powell
There is no precedent for the Fed’s Board of Governors to force its chairman out of the leadership role. Continue Reading Trump Calls on Fed Board of Governors to Overthrow Powell
Wells Fargo CEO Charles Scharf to Become Chairman of the Board
When Scharf becomes chairman, the Wells Fargo board intends to appoint a lead independent director. Continue Reading Wells Fargo CEO Charles Scharf to Become Chairman of the Board
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
On a year-over-year measurement, there was a 140% spike in the dollar volume of loans for office properties. Continue Reading Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
The Link at Uptown, Dallas Office Property, Sells for $218 Million
The property’s leases were all signed post-pandemic. Continue Reading The Link at Uptown, Dallas Office Property, Sells for $218 Million
NYC Housing Lottery Applicants Impacted by Data Breach
The online platform at the center of the breach is managed by Reside New York, a third-party vendor. Continue Reading NYC Housing Lottery Applicants Impacted by Data Breach
Mortgage Rates Dip, Homebuyer Affordability Up Slightly
The national median payment applied for by purchase applicants dropped to $2,172 from $2,211 in May. Continue Reading Mortgage Rates Dip, Homebuyer Affordability Up Slightly
Tri Pointe Homes Opens First Community in Utah
The company plans to create four additional communities across Salt Lake, Utah, and Wasatch counties. Continue Reading Tri Pointe Homes Opens First Community in Utah