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NAR Supports Texas Sen. Cornyn’s Re-Election Bid
The Realtors Political Action Committee (RPAC), the political arm of the National Association of Realtors (NAR) has endorsed Sen. John Cornyn (R-TX) for re-election in 2026. According to the Odessa American, RPAC’s endorsement came at the recommendation of the...
NAR Supports Texas Sen. Cornyn’s Re-Election Bid
The Realtors Political Action Committee (RPAC), the political arm of the National Association of Realtors (NAR) has endorsed Sen. John Cornyn (R-TX) for re-election in 2026. According to the Odessa American, RPAC’s endorsement came at the recommendation of the...
CIP Real Estate Pays $66 Million for 3 Industrial Parks in Florida
The Irvine, California-headquartered real estate investment company CIP Real Estate announced its acquisition of three industrial parks in Florida for a combined price of $66.45 million. The acquired properties include a 26-acre industrial infill land Tampa, where...
Nominations Sought for 2026 Ivory Prize for Housing Affordability
Ivory Innovations, a nonprofit academic center based at the University of Utah David Eccles School of Business, is now accepting nominations for the 2026 Ivory Prize for Housing Affordability. The Ivory Prize recognizes ambitious, practical. and scalable solutions...
CMBS Delinquency Rate Up for Sixth Straight Month
The delinquency rate for commercial mortgage-backed securities (CMBS) was up for the sixth consecutive month in August, rising six basis points to 7.29%. Year-over-year, the overall CMBS delinquency rate has increased by 185 basis points from 5.44%. According to data...
NEWS & CURRENT EVENTS
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
New Single-Family Home Sales Up Slightly During June
Sales of new single-family houses in were at a seasonally adjusted annual rate of 627,000 during June, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. The sales activity is a mild 0.6% rise above the May...
Home Sale Profits Up Slightly During Q2
In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast. Continue Reading Home Sale Profits Up Slightly During Q2
Fannie Mae Sued for Discrimination by Over 60 Former Employees
Neither Fannie Mae nor Pulte have publicly commented on the lawsuit. Continue Reading Fannie Mae Sued for Discrimination by Over 60 Former Employees
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Travis Kessler to Retire as Chief Executive at Texas Realtors
Texas Realtors announced that President and CEO Travis Kessler will retire on March 31, 2025, from the position he has held since 2010. Mike Barnett, who has served as the 155,000-member organization’s executive vice president for the past 12 years, will assume...
MBA Proposes Ginnie Mae Early-Buyout Securitization
“An EBO security addresses the timing mismatch within Ginnie Mae’s program,” said MBA’s Bob Broeksmit. Continue Reading MBA Proposes Ginnie Mae Early-Buyout Securitization
Bascom Group Acquires Seattle Multifamily Community
Built in 1992, the property features a five-story residential building situated above two levels of structured parking. Continue Reading Bascom Group Acquires Seattle Multifamily Community
Mortgage Rates Take Another Drop
The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12. Continue Reading Mortgage Rates Take Another Drop
Home Flipping Activity and Profits Down in Q3
The top four metro areas that recorded the largest flipping rates during the third quarter were all in Georgia. Continue Reading Home Flipping Activity and Profits Down in Q3
Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
“There are buyers out there who have been waiting a long time to get into the market,” said Dr. Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property
The transaction is the largest real estate investment by a foreign investor in Japan. Continue Reading Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property
New Rule Forces Texas Politicians to Disclose Property Ownership Activities
Politicians could face fines or criminal charges if they fail to make full disclosures. Continue Reading New Rule Forces Texas Politicians to Disclose Property Ownership Activities
European, Swiss and Canadian Central Banks Cut Rates
The European Central Bank, Swiss National Bank and Bank of Canada each reduced rates. Continue Reading European, Swiss and Canadian Central Banks Cut Rates
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
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