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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...
Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
Mortgage debt accounted for nearly three-quarters of all US consumer debt during August, according to the latest Consumer Credit Trends Report published by Equifax (NYSE: EFX). In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Mortgage...
eXp Realty Launches UK Commercial Division
eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), has announced the launch of eXp UK Commercial, expanding the company’s commercial real estate capabilities into the UK property market. According to the company, eXp Realty now has the first...
Mortgage Application Activity Slows Down Again
Mortgage application activity trended downward during the week ending Oct. 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.7% on a seasonally adjusted...
NEWS & CURRENT EVENTS
Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
“We have heard from our constituents, calling with real fear of being taxed out of their homes,” said Adam Mathews. Continue Reading Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
Opendoor Names Kaz Nejatian as New CEO
He replaces Carrie Wheeler, who stepped down last month. Continue Reading Opendoor Names Kaz Nejatian as New CEO
Bright MLS: Mid-Atlantic Home Sales Down in August
There were 6,000 sales in August across the Philadelphia metro area, a 1.7% drop from last August. Continue Reading Bright MLS: Mid-Atlantic Home Sales Down in August
TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
The report found more than half of renters (57%) are more likely to rent from a property manager who reports payments. Continue Reading TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
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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.
Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme
Craig Douglas McMorran is now facing a new charge of fraud over $5,000. Continue Reading Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme
Q1 Sales Up 29% in Manhattan Luxury Apartment Market
58% of the sales in the quarter were all-cash deals. Continue Reading Q1 Sales Up 29% in Manhattan Luxury Apartment Market
Forecast: Increased Investment in Canadian Residential Construction Through 2034
The forecast also predicts residential sector construction employment will increase by 6% from 2024 levels to 2034. Continue Reading Forecast: Increased Investment in Canadian Residential Construction Through 2034
LendingOne in New Partnership with Proptech Blanket
LendingOne’s suite of investor loan solutions will be integrated directly into the Blanket platform. Continue Reading LendingOne in New Partnership with Proptech Blanket
Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud
Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes. Continue Reading Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud
Two-Thirds of Condos Sold at Less Than Asking Price in February
Redfin attributed the problems impacting the condo sector to rising insurance costs and new safety regulations that caused HOA fees to soar Continue Reading Two-Thirds of Condos Sold at Less Than Asking Price in February
Crescent Seas Adds Second Ship to Nautical Residential Portfolio
The Insignia will feature 290 residences priced from $650,000 to $10 million. Continue Reading Crescent Seas Adds Second Ship to Nautical Residential Portfolio
Mortgage Rates Continue to Decline
The 30-year fixed-rate mortgage averaged 6.64% as of April 3. Continue Reading Mortgage Rates Continue to Decline
Avanti Residential Unveils LIHTC-Focused Affiliate
The new Tampa-based affiliate will initially focus on high-growth metropolitan markets. Continue Reading Avanti Residential Unveils LIHTC-Focused Affiliate
Toronto Home Sales and Prices in Decline
The average selling price at $1.09 million represented a 2% decline from one year earlier. Continue Reading Toronto Home Sales and Prices in Decline
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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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