Featured Real Estate News
Federal Reserve Maintains Rate Range
The Federal Reserve has opted to hold rates at their current level. The central bank’s policy making Federal Open Market Committee stated it will “maintain the target range for the federal funds rate at 3.5% to 3.75%.” The vote...
Federal Reserve Maintains Rate Range
Only Fed Gov. Stephen Miran dissented, with a call for a quarter-percentage point rate cut. Continue Reading Federal Reserve Maintains Rate Range
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
Mortgage application activity was on the rise thanks mainly to an upswing in refinance inquiries fueled by declining mortgage rates, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 16. The Market Composite Index, the MBA’s...
San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close
The beleaguered San Francisco Centre, a once-grand shopping center that hosted 200 retail stores prior to the pandemic, is permanently closing on Jan. 26. The San Francisco Chronicle reports an employee at Ecco’s, the mall’s last remaining tenant, confirmed the...
New York State Home Sales Up 2.5%
New York State closed 2025 with 9,649 home sales in December, a 2.5% increase from 9,416 homes sold one year earlier. According to the New York State Association of Realtors, pending sales were up 2.1% from 6,214 homes under contract one year ago to 9,649 in December....
News & Current Events
New Hampshire Bill Would Enable Property Tax Cap Votes Every 2 Years
New Hampshire’s property taxes are among the nation’s highest. Continue Reading New Hampshire Bill Would Enable Property Tax Cap Votes Every 2 Years
Women’s Fashion Retailer Francesca’s to Close All Stores
The chain has more than 450 stores in 45 states, with 3,400 employed as associates. Continue Reading Women’s Fashion Retailer Francesca’s to Close All Stores
UK Approves China’s Mega-Embassy in London
China purchased the building – the former site for the Royal Mint – in 2018 for $312 million. Continue Reading UK Approves China’s Mega-Embassy in London
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Q2 Home Sales in Texas Up 1.4%
The statewide median price was $340,000, down 1.4% from the same quarter last year. Continue Reading Q2 Home Sales in Texas Up 1.4%
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators cosponsored the bill. Continue Reading New Legislation Seeks to Address Systemic Bias in Home Appraisals
Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
“This isn’t just about one deal,” said Cox. Continue Reading Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
Rep. Luna, a two-term representative, offered no evidence that backed her perjury accusation. Continue Reading Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
Singa Bui was charged with 24 counts of fraud over $5,000, 17 counts of criminal breach of trust and one count of possession of proceeds of crime over $5,000. Continue Reading Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC
The crypto transaction will be facilitated by Guaranty Escrow. Continue Reading 14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC
California Home Sales Up, Reversing 3-Month Slump
California’s median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump