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California Home Sales at Highest Level Since February
The statewide median home price ticked up 0.4% from $883,640 in September to $886,960 in October. Continue Reading California Home Sales at Highest Level Since February
California Home Sales at Highest Level Since February
The statewide median home price ticked up 0.4% from $883,640 in September to $886,960 in October. Continue Reading California Home Sales at Highest Level Since February
Canada Invests $45 Million for Ottawa Rental Housing Complex
The Canadian government announced it is allocating over $45 million through the Apartment Construction Loan Program (ACLP) into the construction of an Ottawa complex with 121 new rental homes. The Bayview Wateridge development is located in the Rockcliffe community...
Aldi to Open First Grocery Store in Manhattan
Shoppers in the Big Apple will soon be able to spend less for their apples – the Aldi discount supermarket chain is planning to open its first store in Manhattan. Supermarket News reports the 25,000-square-foot store will be on 42nd Street near Times Square in The...
A Phil Hall Op-Ed: Is Trump Fighting Mortgage Fraud or Trying to Seize the Fed?
A Phil Hall Op-Ed: President Trump made history last night when he announced he was firing Federal Reserve Gov. Lisa Cook based on a criminal referral made by Bill Pulte, the director of the Federal Housing Finance Agency, that claimed Cook engaged in mortgage fraud...
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.
Report: Home of Missing Texas Realtor May Be Sold
Suzanne Clark Simpson was last seen alive on the evening of Oct. 6. Continue Reading Report: Home of Missing Texas Realtor May Be Sold
Housing Starts Dropped in October
Single-family housing completions in October were at a rate of 986,000, a 1.4% drop from the revised September rate of 1 million. Continue Reading Housing Starts Dropped in October
Oil Property Acquirer Pays $245 Million for 46,000-Acre Texas Property
LandBridge was formed in 2021 by Five Point Energy LLC, a private equity firm. Continue Reading Oil Property Acquirer Pays $245 Million for 46,000-Acre Texas Property
Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain
Jersey Mike’s Subs has more than 3,000 locations nationwide that are open and in development. Continue Reading Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain
Canadian Housing Starts Up in October
CMHC Chief Economist Bob Dugan said, “The increases in the monthly SAAR in Toronto and Vancouver are a promising sign for Ontario and British Columbia.” Continue Reading Canadian Housing Starts Up in October
A Phil Hall Op-Ed: The Diminished Importance of the HUD Secretary Role
Editor Phil Hall considers why the role of HUD secretary seems none-too-important today. Continue Reading A Phil Hall Op-Ed: The Diminished Importance of the HUD Secretary Role
Grant Cardone Considers Run for California Governor
Gavin Newsom has been governor since 2019 Continue Reading Grant Cardone Considers Run for California Governor
NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending
The report detailed how NAR’s leaders used corporate credit cards to buy tickets to the Broadway show “Hamilton” when it opened in 2015. Continue Reading NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending
Builder Confidence Up for Third Straight Month
31% of builders cut home prices in November, with an average price reduction at 5%. Continue Reading Builder Confidence Up for Third Straight Month
FHFA Raises Multifamily Loan Purchase Cap for GSEs
Multifamily loans that finance workforce housing will be excluded from the 2025 limits. Continue Reading FHFA Raises Multifamily Loan Purchase Cap for GSEs
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