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New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
Ground Broken for New 10,000-Seat Arena in Reno
Reno-based Grand Sierra Resort (GSR) announced the groundbreaking on its new 10,000-seat arena that will be the future home of the University of Nevada men's basketball team. The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. The...
Mortgage Rates Rise for Second Straight Week
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Report: One in Five Homes Had Price Reductions in September
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
NEWS & CURRENT EVENTS
California Leads Nation with Most Q2 At-Risk Housing Markets
In 19% (111) of the 579 counties with sufficient data to analyze, residents needed to spend at least half of their annualized wages to purchase and maintain a home in the second quarter. Continue Reading California Leads Nation with Most Q2 At-Risk Housing Markets
FHFA’s Pulte: ‘Jay Powell Doesn’t Like Our President’
Pulte refused to answer questions on the mortgage fraud allegations raised against Trump ally Ken Paxton. Continue Reading FHFA’s Pulte: ‘Jay Powell Doesn’t Like Our President’
74-Year-Old Florida Man Arrested in Real Estate Investment Fraud Scheme
This is not the first time that Jerald Benjamin Clawson ran afoul of the law. Continue Reading 74-Year-Old Florida Man Arrested in Real Estate Investment Fraud Scheme
Maryland Gov. Moore Signs Executive Order for Boosting Housing Production
The governor established an annual Maryland Housing Leadership Awards to recognize jurisdictions that make progress on their housing development goals. The Continue Reading Maryland Gov. Moore Signs Executive Order for Boosting Housing Production
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Champion Homes Debuts Manufactured Duplex Series
The Concord Duplex series is available now across the 48 contiguous states. Continue Reading Champion Homes Debuts Manufactured Duplex Series
Modular Housing Firm Boxabl Reserves Nasdaq Symbol
Boxabl raised over $170 million from more than 40,000 investors since it launched in 2017. Continue Reading Modular Housing Firm Boxabl Reserves Nasdaq Symbol
Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass
“This is a time when Los Angeles needs unity, not costly and expensive political distractions,” said Caruso. Continue Reading Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass
Existing Home Sales Up 4.2% in February
First-time buyers were responsible for 31% of sales in February. Continue Reading Existing Home Sales Up 4.2% in February
Home Flipping Activity Declines, Gross Profits Rise
Only 7.6% of home sales in 2024 were flips, down from 8.1% in 2023. Continue Reading Home Flipping Activity Declines, Gross Profits Rise
Bank of England Keeps Rates in Place
The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%. Continue Reading Bank of England Keeps Rates in Place
Former Real Estate Executive Sentenced for Manipulating WeWork Stock
Jonathan Larmore was convicted of one count of tender offer fraud and one count of securities fraud following a one-week trial. Continue Reading Former Real Estate Executive Sentenced for Manipulating WeWork Stock
Rutgers Real Estate Professor Named Trump’s Housing Economist
Morris Davis’ appointment runs through December 2025. Continue Reading Rutgers Real Estate Professor Named Trump’s Housing Economist
Shopoff Realty Investments Acquires California Industrial Property for Residential Development
The company announced that $49 million in acquisition financing for the project was secured with support from JLL Capital Markets. Continue Reading Shopoff Realty Investments Acquires California Industrial Property for Residential Development
QXO Acquires Beacon Roofing Supply for $11 Billion
“Acquiring Beacon is a key milestone in our plan to create substantial shareholder value,” said QXO Chairman and CEO Brad Jacobs. Continue Reading QXO Acquires Beacon Roofing Supply for $11 Billion
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