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RealPage Sues to Block New York State Law Banning Algorithmic Rent-Setting Software
The company argues the new law (S7882/A1417) represents a challenge to free speech and repeats false claims regarding its revenue management software. Continue Reading RealPage Sues to Block New York State Law Banning Algorithmic Rent-Setting Software
RealPage Sues to Block New York State Law Banning Algorithmic Rent-Setting Software
The company argues the new law (S7882/A1417) represents a challenge to free speech and repeats false claims regarding its revenue management software. Continue Reading RealPage Sues to Block New York State Law Banning Algorithmic Rent-Setting Software
California Home Sales Edged Up During August
California recorded a seasonally adjusted annualized rate of 264,240 closed escrow sales of existing, single-family detached homes in August, up 0.9% from 261,820 homes in July but down by a slight 0.2% from 264,640 homes in August 2024. According to the California...
Pennsylvania Home Sales Hold Steady
Pennsylvania recorded 11,470 home sales in August, up by a slight 0.5% from 11,402 transactions. According to data from the Pennsylvania Association of Realtors, the home listing levels reached 41,497 last month, which is up nearly 7% year-over-year from the 38,775...
Matthew Abrusci Named EVP and General Counsel at Freddie Mac
Freddie Mac (OTCQB: FMCC) has hired Matthew D. Abrusci as executive vice president, general counsel and corporate secretary. Abrusci brings more than three decades of financial services experience spanning banking, capital markets, and securities law. He was...
NEWS & CURRENT EVENTS
The Best Housing Markets? Two New Data Reports Offer Different Opinions
Realtor.com and WalletHub offer rival data reports. Continue Reading The Best Housing Markets? Two New Data Reports Offer Different Opinions
Kentucky Home Sales Up During July
July’s median sales price of $279,900 marked a 1.81% decline from June, but it was also 5.6% higher than July 2024’s price. Continue Reading Kentucky Home Sales Up During July
America’s Most Expensive ZIP Code Is…
The top ranked Fisher Island section of Miami Beach’s $11.9 million median listing price is more than 27 times the national median. Continue Reading America’s Most Expensive ZIP Code Is…
FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
The advertisement touts President Trump as a leader “who stands by us and the basic principle that all Americans deserve to dream and dream big.” Continue Reading FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
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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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