Featured Real Estate News
NAR Launches New Podcast Series
The National Association of Realtors (NAR) has rolled out a new podcast series called “Realtor News Change Agents.” Hosted by NAR CEO Nykia Wright and other executives from the organization, the podcast will highlight emerging trends, opportunities and challenges...
NAR Launches New Podcast Series
New episodes will be released on the first and third Wednesday of each month. Continue Reading NAR Launches New Podcast Series
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...
Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
Blake Floyd Cozzens of Cedar City, Utah, was sentenced today to 25 months’ imprisonment for wire fraud and bank fraud for embezzling money from homeowners associations (HOAs), property owners, and tenants, as well as fraudulently obtaining money from a bank and a...
Report: Median Asking Rent Down for 28th Straight Month
The median asking rent for 0–2 bedroom units fell for the 28th consecutive month on a year-over-year basis during November, according to the Realtor.com November Rental Report. The national median is now at $1,693, down $17 (or 1.0%) from last November. However, it is...
News & Current Events
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
New Coalition Seeks to Protect Quartz Industry Jobs
“The US quartz industry is an American success story built by small and family-owned American businesses,” said Rupesh Shah, co-CEO of the distributor M S International. Continue Reading New Coalition Seeks to Protect Quartz Industry Jobs
Von Maur Department Stores to Open First New Jersey Location
The three-level, approximately 164,000 square foot Von Maur location expects to employ approximately 150 full-time and part-time associates. Continue Reading Von Maur Department Stores to Open First New Jersey Location
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NWMLS Suspends Compass’ IDX Feed
“The MLS shouldn’t be able to dictate how homeowners sell their home,” said Compass CEO Robert Reffkin. Continue Reading NWMLS Suspends Compass’ IDX Feed
NAHREP: Housing Market ‘Threatened’ by Private Listings
NAHREP called for “the force of law” to ensure fair access to property information. Continue Reading NAHREP: Housing Market ‘Threatened’ by Private Listings
Bill Cosby Lists NYC Townhouse in Foreclosure Battle for $7 Million
A New York City townhouse owned by disgraced comedian Bill Cosby has been listed for $7 million, even though the property is at the center of a foreclosure fight. The New York Post reports Cosby put the four-story, 5,000-square-foot property on the market four months...
Josh Pristaw Named President at Clarion Partners
Pritsaw joins Clarion from the investment firm Pretium, where he served as senior managing director. Continue Reading Josh Pristaw Named President at Clarion Partners
Mortgage Rates Take an Upswing
The 30-year fixed-rate mortgage averaged 6.83% as of April 17, up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Take an Upswing
Trump Calls for ‘Termination’ of Powell’s Fed Leadership
“Powell’s termination cannot come fast enough!” said the president. Continue Reading Trump Calls for ‘Termination’ of Powell’s Fed Leadership
Housing Starts Dropped in March
Single-family housing completions in March were at a rate of 1.029 million, up by 0.9% from the revised February rate of 1,020 million. Continue Reading Housing Starts Dropped in March
European Central Bank Cuts Interest Rates by 25 Basis Points
The ECB noted that “the disinflation process is well on track” but warned about challenges ahead. Continue Reading European Central Bank Cuts Interest Rates by 25 Basis Points
Average Property Tax on Single-Family Home Up 2.7% in 2024
The 10 states with the highest effective tax rates in 2024 were all in the Northeast and middle of the country. Continue Reading Average Property Tax on Single-Family Home Up 2.7% in 2024