Featured Real Estate News
Mortgage Application Activity Surges by 11%
Mortgage application activity enjoyed a vigorous upswing during the week ending Feb. 27, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11% on a seasonally...
Mortgage Application Activity Surges by 11%
The FHA share of total applications decreased to 15.8% from 16.1% the week prior. Continue Reading Mortgage Application Activity Surges by 11%
California Home Sales at 3-Year High
California home sales reached a three-year high, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California totaled 287,940 last month, up by 1.9% from the 282,590 sales in...
Report: Google Quietly Testing the Insertion of Real Estate Listings in Search Results
Google (NASDAG: GOOG, GOOGL) is quietly running a pilot test that puts residential listings directly into its search results. The company’s endeavor was uncovered by real estate tech consultant and blogger Mike Delprete, who noted the listings include “full property...
Fate of Decaying Frank Lloyd Wright House in Chicago Uncertain After Failed Foreclosure Auction
A Frank Lloyd Wright-designed residence in Chicago that has been in a state of dilapidation faces an uncertain future after its ownership was transferred to a mortgage company following a failed foreclosure auction. Artnet.com reports the Prairie style Walser House...
News & Current Events
Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
He was also sentenced to four years of supervised release and ordered to pay $2.16 million in restitution to the victims. Continue Reading Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
Report: Median Asking Rent Down for 28th Straight Month
The new report also warned that rental affordability for minimum wage earners remains a challenge. Continue Reading Report: Median Asking Rent Down for 28th Straight Month
Newmark Grows Global Presence in Korea and Middle East
The new South Korean office is based in the capital city of Seoul and will be led by John Pritchard serving as managing director and country head. Continue Reading Newmark Grows Global Presence in Korea and Middle East
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FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
The messages were all posted to Pulte’s personal X account, which he has used exclusively for communications purposes since becoming appointed as FHFA director. Continue Reading FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
JPMorgan Chase Expands Size of San Francisco Regional HQ
The bank will lease an additional 65,000 square feet at 560 Mission Street. Continue Reading JPMorgan Chase Expands Size of San Francisco Regional HQ
The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas
The development will also include a 2.5-acre public park that is accessible both residents and the broader Anna community. Continue Reading The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas
44.4% of Q1 Home Sales Included Seller Concessions
Seattle sellers offered concessions to buyers in 71.3% of home sale transactions, Continue Reading 44.4% of Q1 Home Sales Included Seller Concessions
Faropoint Acquires Second California Industrial Property
The financial aspects of the transaction were not disclosed. Continue Reading Faropoint Acquires Second California Industrial Property
Historic NYC Office Property is Subject to UCC Foreclosure
The 26-story, 511,000-square-foot property was built in 1926 and is located in Midtown Manhattan near Grand Central Terminal. Continue Reading Historic NYC Office Property is Subject to UCC Foreclosure
NAR’s Historic Settlement Continues to Shift the Real Estate Industry
The challenge for lawmakers, and those who enforce those laws, is that those reactions almost always include unintended consequences. When the Federal Court gave its final approval for NAR’s settlement of the Sitzer/Burnett case back in November, it sent shockwaves through the real estate industry. Continue Reading NAR’s Historic Settlement Continues to Shift the Real Estate Industry
Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston
Florida and Ohio are also seeking to host NASA’s headquarters when its lease in Washington, DC, expires. Continue Reading Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston
72-Year-Old Idaho Man Sentenced for Embezzling Public Housing Authority
Bruce Hauber, 72, was employed as the executive director of the federally funded American Falls Housing Authority (AFHA) from 2019 to 2023. Continue Reading 72-Year-Old Idaho Man Sentenced for Embezzling Public Housing Authority