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Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
Q2 Home Flipping Profit Margins Drop to 17-Year Low
A total of 78,621 single-family homes and condominiums were flipped in the second quarter, accounting for 7.4% of home sales during that three-month period. According to data from ATTOM, the second quarter’s activity was down from the first quarter when flipped homes...
Rithm Capital Buys Paramount Group for $1.6 Billion
Rithm Capital Corp., a global alternative asset manager, announced its $1.6 billion acquisition of Paramount Group Inc. (NYSE: PGRE), a real estate investment trust focused on Class A office properties in New York City and San Francisco. The transaction values New...
DC Council Gives Final Approval on Commanders Stadium Project
The DC City Council voted 11-2 to move forward with the construction of a new stadium on the site of the long-defunct RFK Stadium, which will become the future home of the Washington Commanders. The 11-2 vote followed months of controversies on public funding of the...
NEWS & CURRENT EVENTS
HUD Initiates English-Only Policy for Department Services
The policy aligns with President Trump’s executive order in March that makes English the nation’s official language. Continue Reading HUD Initiates English-Only Policy for Department Services
Report: Residential Building Worker Wage Growth Slowed in Q2
Average hourly earnings for residential building workers rose to $39.35 in June, up 3.5% increase from the $38.02 level recorded one year ago. Continue Reading Report: Residential Building Worker Wage Growth Slowed in Q2
Prince and Princess of Wales Moving to New ‘Forever Home’
The relocation will be funded privately, and the royal couple will pay market rent on the property. Continue Reading Prince and Princess of Wales Moving to New ‘Forever Home’
Builders Continue to Have Little Confidence in the Housing Market
37% of builders reported cutting prices in August, down from 38% in July. Continue Reading Builders Continue to Have Little Confidence in the Housing Market
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
The Most Expensive US Home Listing Is…
The most expensive home sale in January was a Fifth Avenue apartment in New York City. Continue Reading The Most Expensive US Home Listing Is…
CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform
This marks CoStar’s first bid for an Australian company. Continue Reading CoStar Group Makes $1.69 Billion Bid for Australian Real Estate Marketplace Platform
CBRE Forecasts Strong Year for US Hotel Industry
CBRE also predicted restrained supply growth due to high financing and construction costs. Continue Reading CBRE Forecasts Strong Year for US Hotel Industry
Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets
“Orchard enables homeowners to meet their goals and get the best sale outcome,” said CEO Court Cunningham. Continue Reading Home Selling Fintech Orchard Expands into Phoenix and Nashville Markets
NAR Announces Resolution with Phoenix Realtors Over MLS Access
NAR threatened to revoke the Arizona group’s charter. Continue Reading NAR Announces Resolution with Phoenix Realtors Over MLS Access
Report: 2024 Housing Market Gained $2.5 Trillion in Value
Major metros in the Northeast gained the most value in percentage terms in 2024. Continue Reading Report: 2024 Housing Market Gained $2.5 Trillion in Value
Tech Trends: Updates on the Data Center Sector
Four new data center projects expand the sector’s prominence. Continue Reading Tech Trends: Updates on the Data Center Sector
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
The company noted that properties sold for $500,000 or more accounted for 5.4% of its transactions in 2024. Continue Reading Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
Yardi Teams with SentiLink on Property Application Fraud Initiative
SentiLink technology will be integrated directly into Yardi’s ScreeningWorks Pro platform. Continue Reading Yardi Teams with SentiLink on Property Application Fraud Initiative
Mortgage Rates Inch Lower
The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20. Continue Reading Mortgage Rates Inch Lower
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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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