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$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
The City of Philadelphia is now using a new deed fraud detection technology that can verify if the signatory on the title was alive when property ownership was transferred. The technology involves an automated vital status verification system that compares the names...
Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events
A new study is suggesting the city of Detroit will be able to partially lower its property taxes if it enacts a new tax on sports and entertainment event tickets. Detroit is one of the few large cities that does not charge admission taxes on events. Bridge Detroit...
Real Estate Investors Bought Fewer Properties During Q2
Real estate investors mostly stayed away from the housing market during the second quarter, according to new data from Redfin. Between April and June, investors only acquired roughly 52,000 homes, a 6% year-over-year decline and the biggest drop since the fourth...
NEWS & CURRENT EVENTS
Wisconsin’s June Home Sales Up for First Time in 4 Years
In review of the first half of the year, the WRA found home sales were up by a scant 0.1% from the first six months of 2024. Continue Reading Wisconsin’s June Home Sales Up for First Time in 4 Years
South Carolina Real Estate Fraudster to Serve Federal and State Prison Terms
Samantha A. Nottingham is also prohibited from opening new lines of credit without approval from the federal probation department. Continue Reading South Carolina Real Estate Fraudster to Serve Federal and State Prison Terms
Honolulu City Council Considers Property Tax Relief Measures
Budget and Fiscal Services Director Andy Kawano warned that these measures could result in lost revenue that is not easily replaced. Continue Reading Honolulu City Council Considers Property Tax Relief Measures
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
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Bill Freeman, Real Estate Investor and Developer Who Welcomed Section 8 Vouchers, Dies at 73
Bill Freeman, the Nashville-based real estate investor and developer who actively welcomed Section 8 housing vouchers at his properties, passed away at the age of 73. According to a report in The Tennessean, Freeman co-founded Freeman Webb Co., a multifamily real...
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
Taxpayers will not finance the cost overruns. Continue Reading Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
Fourth Avenue Capital Acquires 2 Multifamily Properties in Portland Metro Area
The financial terms of the acquisitions were not disclosed. Continue Reading Fourth Avenue Capital Acquires 2 Multifamily Properties in Portland Metro Area
Jay Crowell Named National Retail Division President at Cornerstone Home Lending
He most recently served as president of the Pacific Northwest region. Continue Reading Jay Crowell Named National Retail Division President at Cornerstone Home Lending
Marriott International Announces 100th Property in Japan
The Four Points Flex brand is designed for the value-conscious consumer. Continue Reading Marriott International Announces 100th Property in Japan
Hits and Misses for the Real Estate Week of Nov. 11-15
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Nov. 11-15
Ginnie Mae Acting President Sam Valverde to Resign
Senior Vice President and Chief Risk Officer Gregory Keith will assume the responsibilities of president at Ginnie Mae. Continue Reading Ginnie Mae Acting President Sam Valverde to Resign
Connecticut’s Christmas Movie Trail Celebrates Locales Used in Romantic Dramas
The productions contribute over $58 million to the state’s economy and create more than 2,000 jobs. Continue Reading Connecticut’s Christmas Movie Trail Celebrates Locales Used in Romantic Dramas
Virginia Initiatives Link Economic Development with Workforce Housing
“Virginia is growing and we need to make sure the supply of housing can meet our surging demand,” said Gov. Youngkin. Continue Reading Virginia Initiatives Link Economic Development with Workforce Housing
New Book Offers Guide to Foreign Real Estate Investment in Vietnam
“Vietnam Real Estate for Foreigners” is authored by Đoàn Văn Bình, vice president of the Vietnam National Real Estate Association. Continue Reading New Book Offers Guide to Foreign Real Estate Investment in Vietnam
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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