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Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
Lenders repossessed 3,872 properties through completed foreclosures last month, up 32% from October 2024. Continue Reading Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
Lenders repossessed 3,872 properties through completed foreclosures last month, up 32% from October 2024. Continue Reading Foreclosure Activity Rises Year-Over-Year for Eighth Straight Month
First National Bank to Add 30 New Branches in Next 5 Years
First National Bank, the Pittsburgh-based subsidiary of FNB Corporation (NYSE: FNB), announced plans to add nearly 30 new branches to its network during the next five years. Most of the planned branches will be based in North Carolina, South Carolina and the bank's...
MG Properties Expands into Texas with Acquisition of Dallas-Area Apartment Community
MG Properties, a San Diego-headquartered real estate investment firm specializing in multifamily properties, has expanded into the Texas market with the acquisition of Ovation at Galatyn Park, a luxury apartment community located in the Dallas suburb of Richardson,...
Broadshore Capital Partners Announces Management Buyout
Broadshore Capital Partners, a Los Angeles-headquartered real estate investment and advisory firm, announced that its management team led by CEO Brad Howe acquired the majority ownership interest formerly held by The Guardian Life Insurance Company of America. With...
NEWS & CURRENT EVENTS
Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank
Last week, ESSA’s parent company ESSA Bancorp completed a merger with CNB Financial Corporation. Continue Reading Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank
New Record High for Delaware’s Median Sales Price
Delaware recorded 1,300 home sales during June, a slight 0.7% uptick from the 1,291 transactions recorded in May. Continue Reading New Record High for Delaware’s Median Sales Price
Starter Homes Sales and Prices on the Rise
The typical starter home sold for a record $260,000 last month, up 3.1% from June 2024. Continue Reading Starter Homes Sales and Prices on the Rise
New Report Details Skyrocketing NYC Rental Housing Costs
Danielle Hale, chief economist at Realtor.com, question the viability of Zohran Mamdani’s rent freeze campaign pledge. Continue Reading New Report Details Skyrocketing NYC Rental Housing Costs
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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.
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
Redfin Lays Off 46 Employees
The company stated that none of its agents were laid off. Continue Reading Redfin Lays Off 46 Employees
Macy’s and Kohl’s Announce Store Closures
“Closing any store is never easy,” said Tony Spring, chairman and CEO of Macy’s Inc. Continue Reading Macy’s and Kohl’s Announce Store Closures
Teresa Carlile Named President at Ridgeland Mortgage
Carlile was previously operations manager for business insurance at Travelers. Continue Reading Teresa Carlile Named President at Ridgeland Mortgage
FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration
Thompson was sworn in on June 22, 2022. Continue Reading FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration
Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed
Los Angeles Mayor Karen Bass’ leadership during the crisis created a controversy. Continue Reading Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed
Housing Crisis 2025: John G. Stevens’ Perspective
“As we move further into 2025, the stakes have never been higher,” says publisher John G. Stevens. Continue Reading Housing Crisis 2025: John G. Stevens’ Perspective
Mortgage Rates Inch Closer to 7% Level
The 30-year fixed-rate mortgage averaged 6.93% as of Jan. 9. Continue Reading Mortgage Rates Inch Closer to 7% Level
New Study Details Artificial Intelligence Practices in the Real Estate Sector
The respondents cited document abstraction as the business area with the greatest potential for AI impact. Continue Reading New Study Details Artificial Intelligence Practices in the Real Estate Sector
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