Featured Real Estate News
Grocery Outlet to Close 36 Underperforming Stores
Grocery Outlet Holding Corp. (NASDAQ: GO), the Emeryville, California-based parent company of the Grocery Outlet chain of bargain-priced supermarkets, announced it is closing 36 stores following dismal fourth quarter earnings that resulted in a roughly $235 million...
Grocery Outlet to Close 36 Underperforming Stores
“We are not fully exiting any state,” said President and CEO Jason Potter. Continue Reading Grocery Outlet to Close 36 Underperforming Stores
New Report Names Detroit as America’s Neediest City
As the year-end giving season kicks into gear, WalletHub has published this year’s edition of its Neediest Cities in America report. WalletHub compared more than 180 cities across 28 key metrics – including child and adult poverty, food insecurity, homelessness, the...
Builder Confidence Inches Up Slightly, But Pessimism Remains
Builder confidence ended the year on an uptick, but was still deep in negative territory. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for December inched up one point to a reading of 39, well below the breakeven point of 50....
Canadian Home Sales and Prices Down During November
The total number of home sales recorded in November over Canadian MLS Systems declined 0.6% from the prior month and were down by 10.7% from November 2024, according to data from the Canadian Real Estate Association (CREA). There were 173,000 properties listed for...
News & Current Events
Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb
The multifamily developer Thompson Thrift announced that it will develop Wrenly, a 214-unit community in the Atlanta suburb of Newnan, Georgia. Continue Reading Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb
Prudent Growth Partners Acquires Houston Retail Center for $5.75 Million
The company said the property has been well-maintained by the previous ownership, and there are no significant deferred maintenance needs. Continue Reading Prudent Growth Partners Acquires Houston Retail Center for $5.75 Million
A Phil Hall Op-Ed: It Can’t Happen Here, Can It?
Houses of worship are very special pieces of real estate, and violence against these buildings and the people within them has become too commonplace. Continue Reading A Phil Hall Op-Ed: It Can’t Happen Here, Can It?
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Q1 Foreclosure Filings Up 26% From Last Year
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Northeast Housing Markets Lead Nation for Down Payment Increases
Delaware led the nation in 2024 with a 38.6% rise in median down payments Continue Reading Northeast Housing Markets Lead Nation for Down Payment Increases
Turnbridge Equities Acquires LA Industrial Park for $28 Million
The property is currently 70% occupied, which the company noted was below the submarket average of 98%. Continue Reading Turnbridge Equities Acquires LA Industrial Park for $28 Million
Newmark Promotes Lou Alvarado to Chief Operating Officer
Alvarado first joined Newmark in 2015 as executive vice president and Boston market leader. Continue Reading Newmark Promotes Lou Alvarado to Chief Operating Officer
New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness
US Attorney Bill Essayli has launched the Homelessness Fraud and Corruption Task Force to investigate fraud, waste, abuse, and corruption involving funds allocated for addressing homelessness in the seven counties within the jurisdiction of the Central District of...
Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Acting Mayor Scanlon insisted the 8% property tax levy increase will generate around $13.7 million. Continue Reading Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals
The new $1,000 award aims to support undergraduate students pursuing careers in real estate. Continue Reading Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals
Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’
It is also unclear what, if any, role the Department of Government Efficiency played in identifying the alleged fraud. Continue Reading Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
Report: Roof Repair Costs at $31 Billion in 2024
Since 2022, non-catastrophic wind/hail roof claims increased from 17% to 25%. Continue Reading Report: Roof Repair Costs at $31 Billion in 2024