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Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Commercial and Multifamily Mortgage Debt Outstanding Increased During Q2
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
Michael Bailey Promoted to CEO at Zeman Homes
Zeman Homes, the Chicago-headquartered owner-operator of manufactured home communities, has promoted Executive Vice President Michael Bailey to CEO. Bailey will replace interim CEO Jeff Fannon, who returns to his previous post as vice chairman. Prior to joining Zeman...
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homes that are listed as fixer-uppers receive 52% more page views per property than comparable older, affordable homes, according to a data analysis report by Realtor.com. The typical fixer-upper has three bedrooms, two bathrooms and was built in 1958. These homes had...
NEWS & CURRENT EVENTS
Hits and Misses for the Real Estate Week of Aug. 18-22
Cape Cod considers a mansion tax, Baltimore considers raising taxes on vacant lots, and a retail chain will not consider opening stores in California. Continue Reading Hits and Misses for the Real Estate Week of Aug. 18-22
FHFA’s Pulte Slams Media for Questioning His Mortgage Fraud Accusations
Insults were aimed at reporters with Bloomberg, CNBC, Fox Business, Politico and the Wall Street Journal. Continue Reading FHFA’s Pulte Slams Media for Questioning His Mortgage Fraud Accusations
San Antonio Realtors Group Rebrands MLS
The LERA acronym stands for “Local, Expertise, Regional Access.” Continue Reading San Antonio Realtors Group Rebrands MLS
Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
University of Pittsburgh is placing 250 students in a Hampton Inn while Point Park University is housing 90 students at a Wyndham Grand. Continue Reading Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
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Beazer Homes Launches Charity Home Insurance Agency
Beazer Homes is partnering with Westwood Insurance Agency to power Charity Home Insurance Agency. Continue Reading Beazer Homes Launches Charity Home Insurance Agency
W. Jeffrey Beckham Named Chief Investment Officer at Buckingham
Beckham previously served as head of portfolio and asset management at GID. Continue Reading W. Jeffrey Beckham Named Chief Investment Officer at Buckingham
7-Eleven’s Japanese Parent Company to Spin Off North American Operations
Seven & i operates more than 85,000 stores with different brands across US and Asia. Continue Reading 7-Eleven’s Japanese Parent Company to Spin Off North American Operations
European Central Bank Cuts Rates Again
“The disinflation process is well on track,” said the ECB. Continue Reading European Central Bank Cuts Rates Again
Mortgage Rates Continue to Drop
The 30-year fixed-rate mortgage averaged 6.63% as of March 6. Continue Reading Mortgage Rates Continue to Drop
Tech Trends: The Latest AI Developments in the Real Estate Industry
New developments in the use of AI in the real estate industry. Continue Reading Tech Trends: The Latest AI Developments in the Real Estate Industry
Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area
Roughly half the markets considered least likely to decline fell in Wisconsin, Virginia, Tennessee and Pennsylvania. Continue Reading Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area
Wyoming Governor Signs 25% Property Tax Exemption into Law
The new law takes effect immediately and does not have a sunset date. Continue Reading Wyoming Governor Signs 25% Property Tax Exemption into Law
Richmond American Homes to Open Arden at Bedford in Corona, California
Pricing on the homes begins in the $900,000s. Continue Reading Richmond American Homes to Open Arden at Bedford in Corona, California
Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey
BNY led the financing of a $225 million senior secured construction loan in a three-bank deal. Continue Reading Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey
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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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