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Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
Mamdani will be trading in his one-bedroom, $2,300 a month rent-stabilized apartment for the rent-free, five-bedroom mansion. Continue Reading Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
Mamdani will be trading in his one-bedroom, $2,300 a month rent-stabilized apartment for the rent-free, five-bedroom mansion. Continue Reading Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
Ground Broken for New 10,000-Seat Arena in Reno
Reno-based Grand Sierra Resort (GSR) announced the groundbreaking on its new 10,000-seat arena that will be the future home of the University of Nevada men's basketball team. The $435 million GSR Arena will span 300,000 square feet and seat up to 10,000 guests. The...
Mortgage Rates Rise for Second Straight Week
Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
Report: One in Five Homes Had Price Reductions in September
Nearly one in five homes carried a price reduction during September, according to new data from Realtor.com. Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Homes priced between...
NEWS & CURRENT EVENTS
Trump Considering a Housing Emergency Declaration
Treasury Secretary Bessent stated the declaration could occur as early as this fall. Continue Reading Trump Considering a Housing Emergency Declaration
HUD Cracks Down on Illegal Immigrants in Public Housing
“HUD will leverage all available enforcement actions against entities who do not comply with the request for citizenship information,” said Secretary Scott Turner. Continue Reading HUD Cracks Down on Illegal Immigrants in Public Housing
UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Clients can now buy property in the Ras Al Khaimah real estate market using major digital assets like USDT, BTC, ETH, and more. Continue Reading UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
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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.
National Fair Housing Alliance Expands Civil Rights Legal Team
“Discrimination in our nation is not a relic of the past,” said NFHA’s President and CEO Lisa Rice. Continue Reading National Fair Housing Alliance Expands Civil Rights Legal Team
CMBS Delinquency Rate Down for Second Straight Month
The only sector to record an uptick in its delinquency rate was lodging, with a 20-basis points spike to 6.43%. Continue Reading CMBS Delinquency Rate Down for Second Straight Month
Residential Property Insurance Costs Soared in 2024 at a Record Rate
The largest percentage increases were recorded in Seattle (+22%), Salt Lake City (+22%) and Los Angeles (+20%). Continue Reading Residential Property Insurance Costs Soared in 2024 at a Record Rate
CFPB Drops 2022 Enforcement Action Against TransUnion
The CFPB opted to continue its 2022 enforcement action against the fintech lender MoneyLion Continue Reading CFPB Drops 2022 Enforcement Action Against TransUnion
Bascom Group Acquires California Apartment Community for $127 Million
Highridge Apartments is an institutionally owned, 1972-vintage property that has undergone significant upgrades over the years. Continue Reading Bascom Group Acquires California Apartment Community for $127 Million
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
Island Capital Group Hires Melissa Iorio as Executive Managing Director
Iorio most recently served as head of investor relations at Cohen & Steers, where she helped build the firm’s private real estate business. Continue Reading Island Capital Group Hires Melissa Iorio as Executive Managing Director
Private Equity Firm Takes Ownership Stake in Keller Williams
As part of this transaction, Keller Williams CEO Mark Willis will step down. Continue Reading Private Equity Firm Takes Ownership Stake in Keller Williams
Jonathan Waclawski Returns to NAR as General Counsel
Waclawski replaces Katie Johnson, who stepped down last October. Continue Reading Jonathan Waclawski Returns to NAR as General Counsel
Webstar Technology Group Taps Nelson Worldwide Architects for $650 Million Mixed-Use Georgia Resort
The companies are also partnering on a $1.2 billion development in a downtown Atlanta location. Continue Reading Webstar Technology Group Taps Nelson Worldwide Architects for $650 Million Mixed-Use Georgia Resort
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