Featured Real Estate News
Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
Kevin Warsh, President Trump’s nominee to become the next Federal Reserve chairman, vowed to maintain the central bank’s independence after the president said he expected Fed rate cuts once Warsh took office. In a CNBC interview this morning ahead of Warsh’s...
Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
“The president never once asked me to commit to any particular interest rate decision, and nor would I agree to it if he had,” Warsh said. Continue Reading Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Independence
Trump Threatens to Fire Powell if He Stays on the Federal Reserve Board
President Trump has threatened to fire Federal Reserve Chairman Jerome Powell if he remains at the central bank after his leadership term ends on May 15. Powell still has two years to serve as a member of the Fed’s board of governor, and under Fed rules he can...
Refinancing Surge Drives Up Mortgage Application Activity
Mortgage application activity picked up during the week ending April 10 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.8%...
Foshay Tower, Historic Minneapolis Property, Faces Foreclosure
The Foshay Tower, a landmark building in downtown Minneapolis, is facing foreclosure after its owners failed to pay off its $51 million mortgage. The Star-Tribune reports the mortgage’s maturity date came in May 2025. Deutsche Bank filed the complaint as a trustee...
News & Current Events
Century Communities Unveils New Georgia Community
Pricing begins in the $280,000s. Continue Reading Century Communities Unveils New Georgia Community
Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million
Bascom plans to complete lease-up of the property and implement institutional-grade management through Cushman & Wakefield. Continue Reading Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million
Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
“Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review,” said US Attorney Jeanine Pirro. Continue Reading Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
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Forewarn to Provide Online Safety Services for Free to Las Vegas Realtors
Forewarn’s services are available both online and through a mobile application. Continue Reading Forewarn to Provide Online Safety Services for Free to Las Vegas Realtors
Sanders and AOC Seek Moratorium on AI Data Center Construction
The Artificial Intelligence (AI) Data Center Moratorium Act would enact an immediate federal moratorium on these facilities. Continue Reading Sanders and AOC Seek Moratorium on AI Data Center Construction
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Burry added that the housing market was “in for a long winter” if current economic conditions remain or worsen. Continue Reading ‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Elite International Realty Launches Invite-Only Luxury Division
Signature Collection listings will be exclusive to luxury clients and will feature distinct branding and tailored marketing strategies. Continue Reading Elite International Realty Launches Invite-Only Luxury Division
Jacqueline Waggoner Named Chief Executive at Century Housing
Waggoner was previously president of the Solutions Division at Enterprise Community Partners. Continue Reading Jacqueline Waggoner Named Chief Executive at Century Housing
Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
The arena has been at its site since 1968, and the proposal calls for a public plaza to replace the 820,000-square-foot building. Continue Reading Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week