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A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Trump on Fed Governor Accused of Mortgage Fraud: ‘I’ll Fire Her if She Doesn’t Resign’
President Trump said he would fire Federal Reserve Gov. Lisa D. Cook if she refused to step down in the wake of accusations that she committed mortgage fraud. This morning, Trump was asked about Cook during a visit to a Washington museum. Trump responded, "I’ll fire...
Virginia Home Sales Up 2.4%
Virginia recorded 10,182 closed sales during July, which is 235 more than one year ago, a 2.4% uptick. According to Virginia Realtors, July, marked the second consecutive month of increased sales activity, although year-to-date sales totals are flat compared to one...
Construction Costs on New Las Vegas Baseball Stadium Rises to $2 Billion
Construction costs on the new Las Vegas baseball stadium for the former Oakland A’s have ballooned to $2 billion. The Nevada Independent reports the 33,000-capacity stadium was initially budgeted at $1.5 billion, only to be raised last year to $1.75 billion. Team...
NEWS & CURRENT EVENTS
Foreclosure Activity Rises During First Half of the Year
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Continue Reading Foreclosure Activity Rises During First Half of the Year
Kentucky Home Sales Up During June
The state’s median sales price of $285,000 was up 2.2% month-over-month and up 4% year-over-year. Continue Reading Kentucky Home Sales Up During June
Occupi Raises $3.1 Million in Seed Funding Round
Fenway Summer and Assurant Ventures co-led the round. Continue Reading Occupi Raises $3.1 Million in Seed Funding Round
CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
“How do agents and brokers keep earning commissions when Zillow aggressively holds the reins over four major real estate portals?” Florance asked. Continue Reading CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
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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.
Asking Rents Fall to Lowest Level Since March 2022
Sun Belt markets saw the most significant declines in median rents, led by Austin (-12.4%), Tampa (-11.3%) and Raleigh (-8.4%). Continue Reading Asking Rents Fall to Lowest Level Since March 2022
Study: Most Americans Want to Age in Their Current Homes
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP's 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from June...
William Raveis Acquires Nantucket Brokerage
The brokerage was founded in 1992 as Lucille Jordan Associates. Continue Reading William Raveis Acquires Nantucket Brokerage
HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research
HUD said the project is designed to improve construction efficiency, ease of assembly, and sustainability. Continue Reading HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research
The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami
The brothers have denied the charges leveled against them. Continue Reading The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Musk is reportedly considering the purchase of a penthouse in The Bristol, a luxury building in Palm Beach. Continue Reading Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Albertsons Ends Merger Deal and Sues Kroger
The initial agreement included the offloading of 413 locations to C&S Wholesale Grocers LLC. Continue Reading Albertsons Ends Merger Deal and Sues Kroger
Refinance Surge Drives Up Mortgage Applications
The Refinance Index enjoyed a 27% bump-up from the previous week and was 42% higher than the same week one year ago. Continue Reading Refinance Surge Drives Up Mortgage Applications
The Pierre, a Historic NYC Hotel, Reportedly Up for Sale
The 41-floor hotel opened in 1930 and was acquired by India’s Taj Hotels and Resorts in 2005. Continue Reading The Pierre, a Historic NYC Hotel, Reportedly Up for Sale
A. Bradley Hill to Become CEO at Mid-America Apartment Communities
He will succeed H. Eric Bolton Jr., who will become executive chairman. Continue Reading A. Bradley Hill to Become CEO at Mid-America Apartment Communities
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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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