Featured Real Estate News
Existing Home Sales Up by 1.7% in February
Existing home sales increased by 1.7% month-over-month in February, to a seasonally adjusted annual rate of 4.09 million, according to data from the National Association of Realtors (NAR). On a year-over-year basis, sales were up by 1.4%. Month-over-month sales...
Existing Home Sales Up by 1.7% in February
The median existing home price for all housing types in February was $398,000, up by 0.3% from one year ago ($396,800). Continue Reading Existing Home Sales Up by 1.7% in February
Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
A joint venture between multifamily developer Wood Partners and real estate investment manager Clarion Partners officially broke ground on Alta Metro Center in Aurora, Colorado. The 365-unit project encompasses a quartet of four-story buildings featuring a mix of...
MISMO Names Amy Moses as VP of Strategic Growth
MISMO, the real estate finance industry's standards organization, has hired Amy Moses as vice president of strategic growth. In this role, Moses will lead MISMO’s growth and revenue strategy, drive expanded industry engagement, and cultivate strategic partnerships...
UWM Acquires REIT Two Harbors Investment Corp. for $1.3 Billion
UWM Holdings Corporation (NYSE: UWMC), the parent of United Wholesale Mortgage (UWM), is acquiring Two Harbors Investment Corp. (NYSE: TWO), a real estate investment trust, in an all-stock transaction for $1.3 billion. Two Harbors is one of the nation’s largest...
News & Current Events
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
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Exclusive News
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
Foundational Builders Corporation Expanding to Arizona and Florida
The company appointed Joe El Rady as chief financial officer. Continue Reading Foundational Builders Corporation Expanding to Arizona and Florida
HomeLife Realty Services Rolls Out Cash Back Program
Buyers and sellers will receive a suggested 5% cash back from a participating agent’s share of the commission. Continue Reading HomeLife Realty Services Rolls Out Cash Back Program
United Wholesale Mortgage in AI Partnership with Google Cloud
UWM will integrate Google Cloud AI and machine learning tools into its lending platform. Continue Reading United Wholesale Mortgage in AI Partnership with Google Cloud
Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
The property is anchored by a 25,191-square-foot Safeway grocer and a 14,500-square-foot CVS Pharmacy. Continue Reading Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down payment. Continue Reading Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port said the rezoning “appears that substantially all of the developable land covered by the Council’s action is controlled by one property owner.” Continue Reading Port of Seattle Files Appeal to Prevent Residential Development in Industrial District