Featured Real Estate News
Eagle Partners Acquires 551-Unit Portfolio of 55+ Apartments for $162.5 Million
Eagle Partners, a multifamily investment manager and operator focused on attainable housing, announced the closing of a $162.5-million affordable housing preservation portfolio acquisition of The Hendrix Apartments and The Hadley Apartments in Escondido, California....
Eagle Partners Acquires 551-Unit Portfolio of 55+ Apartments for $162.5 Million
Eagle Partners plans to launch a long-term affordable preservation strategy for the properties. Continue Reading Eagle Partners Acquires 551-Unit Portfolio of 55+ Apartments for $162.5 Million
Alec Baldwin Shoots Down the Price on Hamptons Mansion
Actor Alec Baldwin has reduced the price of his 8.28-acre Hamptons estate one month after relisting it. Realtor.com reports the five-bedroom, 5.5-bathroom residence in Amagansett, New York, was back on the market last month for $21 million – it was first listed for...
Mortgages Above 6% Now Exceed Share of Mortgages Below 3%
The share of homeowners carrying mortgage rates above 6% has surpassed the share of those holding mortgages with rates below 3%, according to a new data report from Realtor.com. Mortgage rates have been above 6% since September 2022 and peaked at 7.04% in January...
Mortgage Application Activity Soars by 28.5%
Mortgage application activity soared during the week ending Jan. 9, according to data from the Mortgage Bankers Association (MBA). The data included an adjustment for the New Year’s Day holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
News & Current Events
Matthew Fries Named CEO and President at Inland Real Estate Investment Corporation
Prior to joining Inland Investments, Fries was head of investment products and partner solutions at Cetera Financial Group. Continue Reading Matthew Fries Named CEO and President at Inland Real Estate Investment Corporation
Ahmad Al-Dahle Joins Airbnb as Chief Technology Officer
Al-Dahle joins Airbnb from Meta, where he was vice president and head of the Generative AI group. Continue Reading Ahmad Al-Dahle Joins Airbnb as Chief Technology Officer
Glenn Kelman to Step Down as Redfin CEO
“My last day in the office is on January 16,” Kelman stated. Continue Reading Glenn Kelman to Step Down as Redfin CEO
Recent Posts
Hits and Misses for the Real Estate Week of April 6-10
NAR in $52.2 Million Settlement of Tuccori Commissions Lawsuit
First-Time Homebuyers Accounted for 21% of the Texas Housing Market
Mid-Atlantic Region Records Spike in Listings
Portrait Bank, Central Florida’s First De Novo Bank in Nearly 10 Year…
Popular Articles
Exclusive News
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Survey: 1 in 5 Americans Have Lived in a Storage Unit
The survey also found that 84% of Americans would consider sleeping in a storage unit if they became homeless. Continue Reading Survey: 1 in 5 Americans Have Lived in a Storage Unit
FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
“We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. Continue Reading FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
BMO Unveils Spanish-Language Mortgage Application
The application is available both digitally and in a paper format available at branches. Continue Reading BMO Unveils Spanish-Language Mortgage Application
Realtor.ca Canada Launches CEO Recruitment Process
Realtor.ca Canada is the nation’s largest multiple listings service platform. Continue Reading Realtor.ca Canada Launches CEO Recruitment Process
Citigroup to Create $16.1 Million Office Facility in Charlotte
The average salary for these new jobs will be $131,832. Continue Reading Citigroup to Create $16.1 Million Office Facility in Charlotte
Compass Acquires Colorado’s PorchLight Real Estate Group
Founded in 2005 by Amy Bayer and Carol Bayer, PorchLight serves the Denver and Boulder markets. Continue Reading Compass Acquires Colorado’s PorchLight Real Estate Group