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Hits and Misses for the Real Estate Week of Dec. 8-12
Homebuyers not shopping for the best mortgages, foreclosure levels on the rise, and Zohran Mamdani’s very un-socialist new home. Continue Reading Hits and Misses for the Real Estate Week of Dec. 8-12
Hits and Misses for the Real Estate Week of Dec. 8-12
Homebuyers not shopping for the best mortgages, foreclosure levels on the rise, and Zohran Mamdani’s very un-socialist new home. Continue Reading Hits and Misses for the Real Estate Week of Dec. 8-12
Chicago Bears Seek $855 Million in Public Funding for Infrastructure Projects Around New Stadium
The Chicago Bears are asking for $855 million in public funding to build the infrastructure surrounding their new domed stadium planned for suburban Arlington Heights, Illinois. The Associated Press reports the real estate consulting firm HR&A Advisors Inc. issued...
Report: Housing Affordability at Best Level Since Early 2023
Home affordability has reached its best level since early 2023 thanks to easing mortgage rates, according to ICE Mortgage Technology’s October ICE Mortgage Monitor Report. The new report cited 30-year mortgage rates averaging 6.26% in mid-September while the monthly...
First Residential Independent Mortgage, a New Lender, Begins Operations
Mortgage Research Center, LLC, the parent company of Veterans United Home Loans, has launched First Residential Independent Mortgage, a full-service mortgage lender. Headquartered in Springfield, Missouri, First Residential Independent Mortgage will specialize in...
NEWS & CURRENT EVENTS
Mortgage Application Activity Drops by 1.2%
The FHA share of total applications increased to 19.9% from 19.1% the week prior. Continue Reading Mortgage Application Activity Drops by 1.2%
PennyMac Correspondent Group to Launch Non-QM Products
Pennymac intends to retain servicing on all non-QM products. Continue Reading PennyMac Correspondent Group to Launch Non-QM Products
Federal Reserve Drama: Pulte Schedules Cook-Bashing Event Directly Opposite Miran Confirmation Hearing
Cook has not been indicted and has sued the Trump administration to block its efforts to remove her. Continue Reading Federal Reserve Drama: Pulte Schedules Cook-Bashing Event Directly Opposite Miran Confirmation Hearing
First National Bank to Add 30 New Branches in Next 5 Years
Most of the planned branches will be based in North Carolina, South Carolina and the bank’s Mid-Atlantic Region spanning Maryland, Virginia and Washington, DC. Continue Reading First National Bank to Add 30 New Branches in Next 5 Years
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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.
Ex-Real Estate Attorney Charged with Stealing Client’s Funds
Brian Schmidt pleaded not guilty and was released on his own recognizance pending further proceedings. Continue Reading Ex-Real Estate Attorney Charged with Stealing Client’s Funds
NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter
More than 173,000 migrants have registered at the hotel. Continue Reading NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter
SEC Brings New Charges Against Elie Schwartz
Schwartz’s previous guilty plea to one count of wire fraud could result in a maximum penalty of 20 years in prison. Continue Reading SEC Brings New Charges Against Elie Schwartz
Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million
The sale was facilitated by Institutional Property Advisors (IPA) Phoenix, who served as the selling broker. Continue Reading Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million
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
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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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