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Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Kansas Considers Proposal to End Property Taxes
Kansas has become the latest state to consider the elimination of property taxes. KSNT.com reports Rep. Blake Carpenter has put forth a proposal for a constitutional amendment that would eliminate property taxes, along with vehicle taxes and the state income tax....
Trump Faults Newsom on Rebuilding from Wildfires, Newsom Accuses Trump of Having Dementia
President Trump and Gov. Gavin Newsom engaged in a hostile social media exchange over the rebuilding of Los Angeles County’s fire-ravaged housing market, with the president complaining about the state's recovery plans and the governor’s office accusing Trump of having...
Kennedy Wilson Acquires Toll Brothers’ Apartment Living Platform for $347 Million
The global real estate investment company Kennedy Wilson (NYSE: KW) announced it is acquiring the Apartment Living Platform of the luxury home builder Toll Brothers Inc. (NYSE: TOL) for $347 million. According to the companies, Kennedy Wilson will acquire Toll...
NEWS & CURRENT EVENTS
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Expert opinions are divided on the issue. Continue Reading Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Detroit City FC Will Pay Property Taxes on New Soccer Stadium
“It’s a true civic endeavor that puts our values into action in the most sizable way to date so far,” said CEO Sean Mann. Continue Reading Detroit City FC Will Pay Property Taxes on New Soccer Stadium
Connecticut Cities Increase Fines Against Landlords with Blighted Properties
New Haven and Waterbury are fighting blight in their neighborhoods. Continue Reading Connecticut Cities Increase Fines Against Landlords with Blighted Properties
Essay Contest Offers Unique Grand Prize: A Luxury Home in Virginia
Submissions are due by Sept. 29 and must be accompanied by a $200 entry fee. Continue Reading Essay Contest Offers Unique Grand Prize: A Luxury Home in Virginia
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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.
New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Jordan custom-built the residence in 1995 and listed it for $29 million in 2012. Continue Reading New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Union Claims HUD Plans to Cut Half of Its Workforce
Employees in the Federal Housing Administration will not be impacted by the layoffs. Continue Reading Union Claims HUD Plans to Cut Half of Its Workforce
NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme
Kevin Feng Gao is charged with one count of bank fraud, which carries a maximum sentence of 30 years in prison. Continue Reading NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. Continue Reading Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
Applications for relief will need to be filed by June 30. Continue Reading Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
KKR Raises $850 Million for New Real Estate Credit Strategy
“We believe it is a great time to invest real estate credit,” said Matt Salem, partner and head of real estate credit. Continue Reading KKR Raises $850 Million for New Real Estate Credit Strategy
Housing Supply at 5-Year High, Demand at 5-Year Low
Roughly 41,000 home-purchase agreements were canceled in January. Continue Reading Housing Supply at 5-Year High, Demand at 5-Year Low
Multifamily Developers Express Mixed Views on Market
NAHB Chief Economist Robert Dietz is projecting “multifamily construction will decline again in the first half of 2025.” Continue Reading Multifamily Developers Express Mixed Views on Market
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
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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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