Featured Real Estate News
Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
A federal court in Texas vacated the Financial Crimes Enforcement Network's (FinCEN) 2024 residential real estate reporting rule that required for title companies to report non-financed transfers to entities and trusts. The FinCEN rule requires title companies to...
Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
Judge Jeremy Kernodle, a Trump appointee, declared that FinCEN “fails to explain or show how non-financed residential real estate transactions are categorically ‘suspicious.'” Continue Reading Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
Zillow: Homes Will Be Affordable in 20 Major Markets by Year’s End
A new forecast from Zillow (NASDAQ: Z, ZG) is predicting that mortgage payments on a typical home will be affordable in 20 major metropolitan areas by the end of the year. If the forecast is correct, that would be highest level since 2022. In presenting its forecast,...
December New Home Purchase Mortgage Applications Up by 2.5%
Mortgage applications for new home purchases in December increased by 2.5% from one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month measurement, applications decreased by 3%. MBA estimated new single-family home sales...
Kamala Harris Drops $8.15 Million on Malibu Mansion
Former Vice President Kamala Harris has a new home in the swanky Point Dume section of Malibu. The New York Post reports Harris and her husband, attorney Doug Emhoff, paid $8.15 million in an off-market transaction for a 4,000-square-foot, four-bedroom, six-bathroom...
News & Current Events
The Indiana Bears? Hoosier Governor Campaigns to Attract Chicago’s Football Team
“We are working hard to bring the Chicago Bears to the Hoosier State so they can really see what a great place is to have a business,” said Gov. Braun. Continue Reading The Indiana Bears? Hoosier Governor Campaigns to Attract Chicago’s Football Team
Tennessee Voters to Consider Ban on State Property Tax
While there has not been a state property tax collection since 1946, a proposed constitutional amendment would ensure that authority is disabled for good. Continue Reading Tennessee Voters to Consider Ban on State Property Tax
House of Representatives Passes Affordable HOMES Act
The bill has been received in the US Senate, where it was referred to the Committee on Energy and Natural Resources. Continue Reading House of Representatives Passes Affordable HOMES Act
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Mortgage Application Activity Down by 2.6%
The refinance share of mortgage activity increased to 37.3% of total applications from 36.7% in the previous week. Continue Reading Mortgage Application Activity Down by 2.6%
Home Flipping Profits Down in Q1
The typical investor paid $260,000 for a home they flipped in the first quarter and sold the property for $325,000. Continue Reading Home Flipping Profits Down in Q1
Costco to Open First Standalone Gas Station
The new station will be based in the Los Angeles suburb of Mission Viejo. Continue Reading Costco to Open First Standalone Gas Station
Hilton and Marriott Expand Their Hotel Portfolios Across Africa
“We are witnessing a transformation of Africa’s tourism sector,” said Marriott’s Jerome Briet. Continue Reading Hilton and Marriott Expand Their Hotel Portfolios Across Africa
RE/MAX: Home Sales Up for Fourth Consecutive Month
The median sales price also increased year-over-year for the 23rd straight month to reach $442,000. Continue Reading RE/MAX: Home Sales Up for Fourth Consecutive Month
Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
The French chateau-style residence in Silicon Valley enclave of Hillsborough was built in 1929. Continue Reading Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
Manhattan’s Rental Market Breaks New Price Record
Among property types, studio apartments in Manhattan recorded the greatest rent increase with a 9.5% year-over-year surge to an average of $3,400. Continue Reading Manhattan’s Rental Market Breaks New Price Record
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million
The property is occupied by a Wawa convenience store and gas station and a Tractor Supply center. Continue Reading 25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million
Builder Confidence Sinks to Lowest Level Since December 2022
“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Sinks to Lowest Level Since December 2022