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Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
The 1.5 million-square-foot mall was foreclosed on last week, selling for $134 million. Continue Reading Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
The 1.5 million-square-foot mall was foreclosed on last week, selling for $134 million. Continue Reading Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 30-year fixed-rate mortgage averaged 6.56% as of Aug. 28, according to the latest Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC). The latest reading is down from last week when it averaged 6.58%. A year ago at this time, it averaged 6.35%....
Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him
The battle for control of the Federal Reserve Board of Governors continued on multiple fronts this morning as Fed Gov. Lisa Cook sued President Trump for his attempt to fire her while Federal Housing Finance Agency Director Bill Pulte claimed he is going to be a...
Pending Home Sales Down 0.4% in July
Pending home sales during July were down by 0.4% month-over-month but were up 0.7% year-over-year, according to the National Association of Realtors (NAR). On a regional basis, pending sales were down in the Northeast and Midwest from June into July, but were up in...
NEWS & CURRENT EVENTS
San Diego’s Coastline Real Estate Group Joins Real Brokerage
The 13-agent Coastline Real Estate Group team has sold more than $200 million in home sales since 2021. Continue Reading San Diego’s Coastline Real Estate Group Joins Real Brokerage
Canadian Housing Starts Up Slightly
Vancouver recorded a 74% increase in starts this month while Montreal posted an 8% year-over-year decrease and Toronto experienced a 40% year-over-year decrease. Continue Reading Canadian Housing Starts Up Slightly
Realtors Relief Foundation Allocates $500,000 to Help Texas Flooding Victims
exas Realtors will distribute the RRF grant among eight local associations. Continue Reading Realtors Relief Foundation Allocates $500,000 to Help Texas Flooding Victims
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
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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.
Furniture Retailer American Freight to Shut Down All 328 Stores
The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Continue Reading Furniture Retailer American Freight to Shut Down All 328 Stores
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
In March, Chicago voters rejected a referendum on the so-called “mansion tax.” Continue Reading Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
PNC Bank to Double Branch Expansion Plans
These plans expand upon the 100 new locations and 1,200 branch renovations announced in February. Continue Reading PNC Bank to Double Branch Expansion Plans
Greenstone Partners Promotes Brewster Hague to Partner
Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has promoted Brewster Hague from senior director to partner. Continue Reading Greenstone Partners Promotes Brewster Hague to Partner
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Q3 Multifamily Property Developer Sentiment is Mixed
“We expect multifamily construction to remain weak for another year,” said NAHB Chief Economist Robert Dietz. Continue Reading Q3 Multifamily Property Developer Sentiment is Mixed
Federal Reserve Enacts Second Consecutive Rate Cut
The Fed said it “will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities.” Continue Reading Federal Reserve Enacts Second Consecutive Rate Cut
Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
According to Census Bureau data, 56.7% of Native American households owned their homes between 2015-2019. Continue Reading Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
California Housing Affordability Improved Slightly in Q3
State residents needed a minimum annual income of $220,800 to qualify for the purchase of an $880,250 statewide median-priced, existing single-family home. Continue Reading California Housing Affordability Improved Slightly in Q3
Mortgage Rates Up for Sixth Straight Week
The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7. Continue Reading Mortgage Rates Up for Sixth Straight Week
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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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