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New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
New Platform Launched for Foreign Buyers in Saudi Arabian Real Estate Market
Saudi Arabia’s Real Estate General Authority (REGA) has launched "Saudi Properties" as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. The new platform comes ahead of the Non-Saudi Property Ownership Law that goes...
Property Insurance Costs Grow 11.3%
The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology. This sum accounts for 9.6% of average monthly mortgage-related expenses when factoring in...
Black Homeownership Rate Drops to 4-Year Low
The Black homeownership rate during the second quarter dropped to 43.9%, according to data from Redfin. This is down from 45.3% one year ago, marking both its lowest level since the fourth quarter of 2021 and the largest year-over-year decline since the third quarter...
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
A trio of Democratic senators have introduced the Yes in God’s Back Yard (YIGBY) Act, new legislation designed to assist faith-based organizations and colleges to transform underused property into affordable housing. The YIGBY Act would provide federal assistance to...
NEWS & CURRENT EVENTS
Luigi Favaro Named CEO of Ontario Real Estate Association
He replaces Tim Hudak, who stepped down last August. Continue Reading Luigi Favaro Named CEO of Ontario Real Estate Association
Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud
“There will be accountability for this blatantly false story,” Paxton wrote online. Continue Reading Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud
Flood Insurance Relief Legislation Reintroduced in Congress
The bill’s proposed deduction would not apply to individuals who have a gross income of more than $200,000 or $400,000 for joint filers. Continue Reading Flood Insurance Relief Legislation Reintroduced in Congress
Deltec Homes Debuts New Hurricane-Resistant Housing Model
“We set out to create a smaller home that delivers world-class resilience and a truly elevated living experience,” said Meg Gore, CEO of Deltec Homes. Continue Reading Deltec Homes Debuts New Hurricane-Resistant Housing Model
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
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
Redfin CEO to Trump: We Need More Homes Now!
Kelman credited Trump’s return to the White House to younger Americans who were unhappy with the current housing market. Continue Reading Redfin CEO to Trump: We Need More Homes Now!
Canadian Home Sales Spiked in October
The National Composite MLS Home Price Index dipped by 0.1% from September to October Continue Reading Canadian Home Sales Spiked in October
RE/MAX: Home Sales Jumped in October
October’s median sale price of $430,000 marked a mild 0.3% uptick from September. Continue Reading RE/MAX: Home Sales Jumped in October
CBRE Forecasts Stronger Hotel Industry Performance in Q4
Hotel demand declined 0.1% year-over-year in the third quarter amid a 0.6% increase in supply. Continue Reading CBRE Forecasts Stronger Hotel Industry Performance in Q4
Zillow Promotes SVP Jun Choo to Chief Operating Officer
Zillow announced the departures of Susan Daimler and Matt Daimler, president of Zillow and senior vice president of product, respectively. Continue Reading Zillow Promotes SVP Jun Choo to Chief Operating Officer
Trump and Jamie Dimon Cancel Each Other Over Cabinet Post
“I haven’t had a boss in 25 years, I’m not about ready to start,” said Dimon. Continue Reading Trump and Jamie Dimon Cancel Each Other Over Cabinet Post
The Election is Over: Now, Together, We Must Fix the Housing Industry
As the dust settles from another intense election cycle, the questions linger: what happens next? Where do we go from here? For those of us in the housing industry, the answer is clear. Now, more than ever, we must come together to address the ongoing challenges in...
United Real Estate Expands New Orleans Presence with Brokerage Merger
This is the second merger between United and a New Orleans-area brokerage. Continue Reading United Real Estate Expands New Orleans Presence with Brokerage Merger
New Proposal Envisions $1 Billion Redevelopment of Astrodome
The conservancy’s budget for the projects envisions $750 million coming from private sources and the remaining $250 million from public funding. Continue Reading New Proposal Envisions $1 Billion Redevelopment of Astrodome
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