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Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
Opendoor Technologies Seeks New Leader After CEO Steps Down
Opendoor Technologies Inc. (NASDAQ: OPEN), a San Francisco-based e-commerce platform for residential real estate transactions, has launched a search for a new CEO following the resignation of Carrie Wheeler, effective today. Wheeler, who is also stepping down as...
Rocket Companies Taps Viral Nation for Social Media Marketing
Detroit-headquartered Rocket Companies (NYSE: RKT) has signed Toronto-based Viral Nation as its first Social Media Agency of Record. The new contract follows the success of Rocket’s “Own the Dream” campaign that debuted earlier this year as an advertisement seen...
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
The saga of Kanye West’s one-time Malibu beach house took another melodramatic turn as the property is back on the market months after the announcement that a buyer was secured. Mansion Global reports the house is back on the market for $34.9 million, down from its...
NEWS & CURRENT EVENTS
NJ Woman Indicted for Destroying Evidence in Real Estate Fraud Probe
The charge of destruction of records carries a maximum penalty of 20 years in prison and a fine of $250,000. Continue Reading NJ Woman Indicted for Destroying Evidence in Real Estate Fraud Probe
Dubai Launches Program to Encourage First-Time Homebuyers
The program is open to applicants aged 18 and above who are residents of the UAE and who do not currently own residential property in Dubai. Continue Reading Dubai Launches Program to Encourage First-Time Homebuyers
Leadership Shift at Title Resources Group
New CEO Kevin Wall most recently served as co-president of First American Title Insurance Company. Continue Reading Leadership Shift at Title Resources Group
Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
Lopez and Affleck, who married in July 2022, acquired the 38,000-square-foot estate in May 2023 for $60.8 million. Continue Reading Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
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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.
Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
The record high for newly built single-family homes for sale was 34.4% set the start of 2022. Continue Reading Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
HUD Provides $1.7 Million in Hurricane Aid to Asheville, North Carolina
The new funding will be used to support the reconstruction of damaged homes, businesses, and infrastructure. Continue Reading HUD Provides $1.7 Million in Hurricane Aid to Asheville, North Carolina
NerdWallet Acquires Mortgage Brokerage Next Door Lending
Next Door Lending’s president and co-owner is Jonathan Haddad, who is also chairman and chief executive of AIME. Continue Reading NerdWallet Acquires Mortgage Brokerage Next Door Lending
Wendy’s to Close 140 Restaurants
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
New Fund Focuses on BTR Communities in Opportunity Zones
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns,” said Jeff Feinstein, managing partner at Pinnacle Partners. Continue Reading New Fund Focuses on BTR Communities in Opportunity Zones
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Pallotta previously ran for New Jersey’s 5th Congressional District in 2020 and 2022. Continue Reading Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
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