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New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
More than 1,200 New Jersey residents entered into HBAs, including 140 who paid early termination fees ranging from $575 to $42,000 to get out of them. Continue Reading New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
More than 1,200 New Jersey residents entered into HBAs, including 140 who paid early termination fees ranging from $575 to $42,000 to get out of them. Continue Reading New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Zombie Properties on the Rise
Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant during the third quarter, according to data from ATTOM, which also found 7,519 pre-foreclosure homes, or 3.38% of the 222,318 properties in the process of foreclosure, were “zombie”...
Single-Family Built-for-Rent Construction Down in Q2
The quantity of single-family built-for-rent construction (SFBFR) declined during second quarter, according to a National Association of Home Builders (NAHB) analysis of US Census Bureau data. During the second quarter, approximately 12,000 SFBFRs were started, down...
REMAX: Homes Sales Steady, But Taking Longer to Sell
July home sales reversed a five-month growth trend with a slight 0.7% month-over-month decline, according to the latest REMAX National Housing Report. One year-over-year basis, sales were up 0.6%, although sales took longer to complete – an average of 44 days on the...
NEWS & CURRENT EVENTS
Judge Axes CFPB’s Medical Debt Reporting Rule
US District Judge Sean Jordan stated the CFPB exceeded its’ authority by issuing the rule. Continue Reading Judge Axes CFPB’s Medical Debt Reporting Rule
Report: Family Money Helps One-Quarter of Young Homebuyers with Down Payments
The typical homebuyer’s down payment in 2024 was roughly $63,000, equal to 16.3% of the typical home-purchase price. Continue Reading Report: Family Money Helps One-Quarter of Young Homebuyers with Down Payments
Wall Street Journal Slams Trump-Pulte Housing Policies
“Now is not the time for the Administration to ease lending standards,” said the editors. Continue Reading Wall Street Journal Slams Trump-Pulte Housing Policies
Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
“Ohioans are as angry as I’ve ever seen them – and rightly so,” Attorney General Dave Yost said. Continue Reading Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
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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.
GSEs Publish Underserved Markets Plans for Next 4 Years
The Federal Housing Finance Agency (FHFA) announced that the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) has published plans to extend housing access in rural underserved markets, enhance their support for...
Mill Creek Residential Acquires Boston-Area Apartment Community
The financial terms of the acquisition were not disclosed. Continue Reading Mill Creek Residential Acquires Boston-Area Apartment Community
Thomas Belcher Joins Capital Square as Senior Regional VP for Northwest Sales
Belcher was previously external wholesaler, Pacific Northwest, at Cantor Fitzgerald Asset Management. Continue Reading Thomas Belcher Joins Capital Square as Senior Regional VP for Northwest Sales
Shaner Hotels in New Alliance with Dubai’s The First Group
The new alliance will promote hotel management agreements across the Middle East, North Africa, Greece and Cyprus. Continue Reading Shaner Hotels in New Alliance with Dubai’s The First Group
A Phil Hall Op-Ed: Biden and Trudeau Rewrite Their Housing Policy Histories
Editor Phil Hall questions the rewriting of recent history by the US president and Canadian prime minister. Continue Reading A Phil Hall Op-Ed: Biden and Trudeau Rewrite Their Housing Policy Histories
DC-Based Airbnb Host Tries to Start Boycott of Trump Supporters Ahead of Inauguration
To date, only four people have signed up to participate in the boycott. Continue Reading DC-Based Airbnb Host Tries to Start Boycott of Trump Supporters Ahead of Inauguration
Zillow Forecasts Homebuying Upswing for 2025
Zillow is predicting 4.3 million in existing home sales during the coming year. Continue Reading Zillow Forecasts Homebuying Upswing for 2025
The Agency in Partnership on New Title Agency
The new endeavor is aimed at New York-based buyers, sellers, and real estate professionals. Continue Reading The Agency in Partnership on New Title Agency
Real Estate Listing’s Unique Selling Point: Close to McDonald’s
A real estate agent in New Zealand has a unique approach to marketing one of his properties – he’s emphasizing its walking-distance proximity to a McDonald’s eatery. According to a report on the news site Stuff, Harcourts realtor Sanjay Kumar has a listing for an...
DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR
The department did not have an official opinion on the settlement. Continue Reading DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR
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