Featured Real Estate News
Trumark Homes Acquires Washington-Based Homebuilder JK Monarch
Trumark Homes, the San Ramon, California-based homebuilder, announced it is expanding into the Pacific Northwest with the acquisition of Sumner, Washington-based homebuilder JK Monarch. According to Trumark, this acquisition will expand the company’s footprint in the...
Trumark Homes Acquires Washington-Based Homebuilder JK Monarch
The financial terms of the deal were not disclosed. Continue Reading Trumark Homes Acquires Washington-Based Homebuilder JK Monarch
Activist Investor Seeks New Board for CoStar Group
Daniel Loeb, the billionaire activist investor founder and CEO of the alternative asset management firm Third Point LLC, is calling for a change of leadership at CoStar Group (NASDAQ: CSGP), claiming the company’s pursuit of the residential real estate industry has...
Redfin to Run Super Bowl Ad Featuring Lady Gaga
Rocket Companies (NYSE: RKT) announced that its Redfin division has teamed with Lady Gaga for its first commercial to be aired during a Super Bowl broadcast. The upcoming 60-second advertisement features the Grammy-winning star reimagining “Won’t You Be My Neighbor?”,...
Trump Signs Executive Order to Put Feds in Charge of LA Wildfire Rebuilding
President Donald J. Trump has issued an executive order designed to speed up the reconstruction of properties in the Pacific Palisades and Eaton Canyon areas of Los Angeles County that were destroyed in last year’s wildfires. The executive order, which was signed on...
News & Current Events
Half of US Households Experienced Home Insurance Rate Increases
Among the states, Florida carries the highest home insurance average at $7,136. Continue Reading Half of US Households Experienced Home Insurance Rate Increases
Amazon to Shut Down Fresh and Go Grocery Stores
The company operates a total of 72 Fresh and Go stores, with most being scheduled for closure on Feb. 1. Continue Reading Amazon to Shut Down Fresh and Go Grocery Stores
Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
Construction will begin immediately, with substantial completion anticipated in September 2027. Continue Reading Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
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Exclusive News
Company to Pay $16 Million for Selling Faulty Air Conditioners
According to a 2021 recall notice, a woman died in August 2016 from smoke inhalation and her two children were injured after their Royal Sovereign air conditioner caught fire. Continue Reading Company to Pay $16 Million for Selling Faulty Air Conditioners
11th Century Italian Castle Listed at $4.16 Million
The 102,257-square-foot residence with 10 bedrooms and 10 bathrooms is located roughly 15 miles south of Milan. Continue Reading 11th Century Italian Castle Listed at $4.16 Million
Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor
Karla Wagner is the executive director of Ax MI Tax. Continue Reading Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor
New Executive Shifts Announced at loanDepot
The promotions are the latest executive shifts to occur since company founder and Chairman of the Board Anthony Hsieh was appointed permanent CEO on July 28. Continue Reading New Executive Shifts Announced at loanDepot
Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Miran replaces Adriana Kugler, who last week abruptly announced she would be stepping down from the board, effective Aug. 8. Continue Reading Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
Kolter Homes Unveils New Gated Community in Florida
Scheduled to open in the summer, the homes at The Cove at Park Trace will feature single-story floor plans with two to five bedrooms. Continue Reading Kolter Homes Unveils New Gated Community in Florida