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
Florida Dominated December’s Luxury Real Estate Market
Florida dominated the luxury real estate market in December, with six of the 10 priciest home sales of the month originating in the Sunshine State. According to data from Redfin, the month’s most expensive sale – a five-acre compound in coastal Miami – was also the...
Top Ranking Democrat Questions Trump’s Proposed Ban on Institutional Investors in Housing Market
The ranking member of the House of Representatives’ Financial Services Subcommittee on Housing and Insurance is finding fault with President Trump’s proposal to ban institutional investors from buying single-family homes. In an interview with the Washington Examiner,...
Pittsburgh’s Housing Authority Advertises for New Executive Director
The Housing Authority of the City of Pittsburgh (HACP) is advertising for a new executive director. The contract for the current executive director, Caster Binion, expires at the end of March. Binion has been at his job for more than 10 years and expressed an interest...
News & Current Events
Existing Home Sales Up 5.8% in December
The $405,400 median existing home price for all housing types marked a 0.4% uptick from the $403,700 price set one year before. Continue Reading Existing Home Sales Up 5.8% in December
FHFA’s Pulte Threatens Builders Over Stock Repurchasing
“Our preference is to use carrots, but sticks are on the table,” Pulte said. Continue Reading FHFA’s Pulte Threatens Builders Over Stock Repurchasing
Alec Baldwin Shoots Down the Price on Hamptons Mansion
The property is now being offered at $19.9 million. Continue Reading Alec Baldwin Shoots Down the Price on Hamptons Mansion
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Pending Home Sales Down During June
The Northeast recorded a 2.1% uptick in pending home sales from May but remained unchanged from June 2024. Continue Reading Pending Home Sales Down During June
Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
John McMickle of North South Government Strategies started work last week as a FICO lobbyist. Continue Reading Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
Mortgage Application Activity Slows Down
“Mortgage applications fell to their lowest level since May,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Slows Down
CoStar Group Files Copyright Infringement Lawsuit Against Zillow
CoStar alleged that Zillow published over 46,000 of its copyright protected images, with many still bearing the CoStar watermark. Continue Reading CoStar Group Files Copyright Infringement Lawsuit Against Zillow
Number of DC-Area Homes for Sale Up 22.7% from Last Year
Only about one-third (35.7%) of homes sold over asking price, down from nearly half (47.8%) a year earlier. Continue Reading Number of DC-Area Homes for Sale Up 22.7% from Last Year
Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
District Judge Sparkle L. Sooknanan, a Biden appointee, gave HUD an Aug. 4 deadline to report how it planned to meet its fiscal year obligations on FHIP grant distribution. Continue Reading Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
Hawaiian Brokerage to Join RE/MAX Network
The conversion will bring six offices and 170 agents under the RE/MAX Hawaii banner. Continue Reading Hawaiian Brokerage to Join RE/MAX Network
Finally—A Bipartisan Housing Bill That Actually Makes Sense
But let’s be clear: this isn’t about more regulation. It’s about getting government out of the way. Continue Reading Finally—A Bipartisan Housing Bill That Actually Makes Sense
Homebuyer Assistance Programs Reach New Record High During Q2
There are currently 2,554 homebuyer assistance programs operating today. Continue Reading Homebuyer Assistance Programs Reach New Record High During Q2