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Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Households that heat their residences with electricity could see a 10.2% increase in their winter heating bills to an average of $1,205 this year, up from $1,093 last winter. According to a forecast from the National Energy Assistance Directors Association (NEADA),...
Florida Records Surge in Pending Home Sales
Florida recorded 21,798 closed sales of existing single-family homes in August, down 3.9% year-over-year, while existing condo-townhouse sales totaled 7,424, down 6% from one year earlier. According to data from Florida Realtors, new pending sales of single-family...
California Man Sentenced for Belize-Based Real Estate Scam
A California man was sentenced to eight years in prison for coordinating real estate scam in Belize that defrauded hundreds of victims out of approximately $77 million. Newport Beach-based Andris Pukke, who also went by the aliases Marc Romeo and Andy Storm,...
NEWS & CURRENT EVENTS
Pennsylvania Housing Inventory Hits 3-Year High
The median home price rose 6.5% year-over-year to $320,000 in July. Continue Reading Pennsylvania Housing Inventory Hits 3-Year High
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
Ben Sizemore Named Chief Information Officer at Land Gorilla
Sizemore previously served as chief technology officer at Bayview Loans and Lakeview Loan Servicing. Continue Reading Ben Sizemore Named Chief Information Officer at Land Gorilla
Appeals Court Voids $524 Million Penalty in Trump Fraud Case
The president declared “total victory.” Continue Reading Appeals Court Voids $524 Million Penalty in Trump Fraud Case
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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.
American Developer Shot to Death at His Luxury Project in Belize
An American real estate developer was shot to death on Friday at his luxury project in Belize. Boris Mannsfeld, 56, was found dead from a gunshot to the back of his neck at the Cocoplum Villas in Maya Beach with his personal belongings intact, including his wallet...
Report: Trump Administration Plans to Sell San Francisco Office Property Named for Nancy Pelosi
The building was declared by Trump in 2020 as “one of the ugliest structures in their city.” Continue Reading Report: Trump Administration Plans to Sell San Francisco Office Property Named for Nancy Pelosi
Hits and Misses for the Real Estate Week of Feb. 17-21
HUD’s erasure of DEI contracts, builders expressing apprehension and Australia’s first rate cut in more than four years. Continue Reading Hits and Misses for the Real Estate Week of Feb. 17-21
Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
Gov. Ron DeSantis expressed support for ending property taxes. Continue Reading Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
Steadfast LA did not state how many homes will be made available or when they will first be delivered. Continue Reading New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
CAPREIT Expands into Student Housing Sector with Florida Acquisition
Coastal Village was built in 2004 and is near Florida Gulf Coast University. Continue Reading CAPREIT Expands into Student Housing Sector with Florida Acquisition
Existing Home Sales Down by Nearly 5%
First-time buyers were responsible for 28% of sales in January, down from 31% in December 2024 and identical to January 2024. Continue Reading Existing Home Sales Down by Nearly 5%
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
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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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