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Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
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...
CMBS Delinquency Rate Falls After 6 Months of Increases
The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...
NEWS & CURRENT EVENTS
Long Island Real Estate Attorney Sentenced on Larceny Charges
Daniel Boldi entered guilty pleas last October to 13 counts of grand larceny in the second degree and one count of scheme to defraud in the first degree. Continue Reading Long Island Real Estate Attorney Sentenced on Larceny Charges
Unicoin Seeks Dismissal of SEC’s Fraud Lawsuit
Unicoin stated the SEC’s lawsuit lacked evidence to prove its case against the company. Continue Reading Unicoin Seeks Dismissal of SEC’s Fraud Lawsuit
Texas Acquires 2 Hotels Adjacent to the Alamo
The Menger Hotel was built in 1859, and the Crockett was built in 1909. Continue Reading Texas Acquires 2 Hotels Adjacent to the Alamo
Gov. DeSantis: Canadian Tourist Money Will Fill Void if Property Taxes Are Eliminated
However, current trends are showing a decline in Canadian arrivals in the Sunshine State. Continue Reading Gov. DeSantis: Canadian Tourist Money Will Fill Void if Property Taxes Are Eliminated
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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.
Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office
Geographically, employees in the Northeast (45%) and the South (45%) were most likely to seek alternative employment. Continue Reading Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office
A Phil Hall Op-Ed: 60 Minutes vs. DOGE vs. CFPB
Editor Phil Hall dissects a “60 Minutes” piece on the state of the CFPB. Continue Reading A Phil Hall Op-Ed: 60 Minutes vs. DOGE vs. CFPB
Craft Retailer Jo-Ann to Close All 800 Stores
On Feb. 12, the company stated it would close 500 stores. Continue Reading Craft Retailer Jo-Ann to Close All 800 Stores
Blackstone Pays $5.65 Billion for Safe Harbor Marinas
Sun Communities acquired Safe Harbor Marinas in September 2020 for $2.11 billion. Continue Reading Blackstone Pays $5.65 Billion for Safe Harbor Marinas
New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
The average loan size for new homes increased from $400,930 in December to $403,416 in January. Continue Reading New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
TECfusions Acquires 73 Acres for Virginia Data Center Expansion
The financial aspects of the acquisition were not disclosed Continue Reading TECfusions Acquires 73 Acres for Virginia Data Center Expansion
Apollo Global Management Acquires Bridge Investment Group Holdings for $1.5 Billion
Bridge Executive Chairman Bob Morse will become an Apollo partner and lead Apollo’s real estate equity franchise. Continue Reading Apollo Global Management Acquires Bridge Investment Group Holdings for $1.5 Billion
AI-Produced Video of Trump Kissing Musk’s Feet Broadcast at HUD HQ
HUD spokesperson Kasey Lovett said in a statement, “Another waste of taxpayer dollars and resources. Appropriate action will be taken for all involved.” Continue Reading AI-Produced Video of Trump Kissing Musk’s Feet Broadcast at HUD HQ
Newsom Asks Congress for $40 Billion for Wildfire Recovery Aid
“Make no mistake, Los Angeles will use this money wisely,” Newsom stated. Continue Reading Newsom Asks Congress for $40 Billion for Wildfire Recovery Aid
Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop
The statewide inventory in January for existing single-family homes was up year-over-year by 31.3% and up 39.3% for condo-townhouse units. Continue Reading Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop
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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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