Featured Real Estate News
Canada’s Apartment Vacancy Rate Up During Q1
Canada’s national apartment vacancy rate rose to 5.1% during the first quarter, up 110 basis points year-over-year and the ninth consecutive quarterly increase. According to new data from Yardi, in-place rent growth slowed to an average of 2.7% annually – the lowest...
Canada’s Apartment Vacancy Rate Up During Q1
Annual expenses averaged $8,053 per unit nationally in the year ending in the first quarter. Continue Reading Canada’s Apartment Vacancy Rate Up During Q1
Invesco Mortgage Capital Promotes Kevin Collins to CEO
Invesco Mortgage Capital Inc. (NYSE: IVR), an Atlanta-headquartered real estate investment trust focused on mortgage-backed securities and other mortgage-related assets, announced that President Kevin Collins will assume the role of CEO, effective May 1. Collins will...
Pennsylvania Real Estate Agent Charged with Possessing Child Pornography
A Pennsylvania real estate agent has been arrested on child pornography charges. Albert Strobe, 48, was the subject of an investigation by the Montgomery County Detective Bureau and Lower Providence Township Police following a cybertip from the National Center for...
Report: Renting a Home Is More Affordable Than Homeownership in All 50 Major Metros
Renting a starter home remains a more affordable option the homeownership in all 50 of the nation’s largest metros, with an average monthly savings of $920 compared to buying. According to a data report from Realtor.com, the national median asking rent in March was...
News & Current Events
Connecticut Brokerage Joins Better Homes and Gardens Real Estate Brand
The firm is now doing business as Better Homes and Gardens Real Estate Executive Real Estate. Continue Reading Connecticut Brokerage Joins Better Homes and Gardens Real Estate Brand
Social Media Influencer Sentenced for Running Real Estate Fraud Scheme
The 31-year-old Tyler Bossetti promised investors they could enjoy returns of 30% or higher. Continue Reading Social Media Influencer Sentenced for Running Real Estate Fraud Scheme
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
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Exclusive News
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million. Located in Manhattan’s NoMad District, the property...
CoStar Group Files Amended Complaint in Copyright Infringement Lawsuit Against Zillow
According to the updated filing, Zillow has unlawfully used more than 50,000 CoStar’s proprietary images across its sites. Continue Reading CoStar Group Files Amended Complaint in Copyright Infringement Lawsuit Against Zillow
Two Harbors Investment Corp. to Merge with CrossCountry Mortgage
CrossCountry will also pay a termination fee of $25.4 million to UWM in accordance with the terms of its now-defunct merger agreement. Continue Reading Two Harbors Investment Corp. to Merge with CrossCountry Mortgage
Forewarn to Provide Online Safety Services for Free to Las Vegas Realtors
Forewarn’s services are available both online and through a mobile application. Continue Reading Forewarn to Provide Online Safety Services for Free to Las Vegas Realtors
Sanders and AOC Seek Moratorium on AI Data Center Construction
The Artificial Intelligence (AI) Data Center Moratorium Act would enact an immediate federal moratorium on these facilities. Continue Reading Sanders and AOC Seek Moratorium on AI Data Center Construction
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Burry added that the housing market was “in for a long winter” if current economic conditions remain or worsen. Continue Reading ‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Elite International Realty Launches Invite-Only Luxury Division
Signature Collection listings will be exclusive to luxury clients and will feature distinct branding and tailored marketing strategies. Continue Reading Elite International Realty Launches Invite-Only Luxury Division