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New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
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...
Median Mortgage Payments Down Slightly in July
The national median mortgage payment in July was $2,127, down from $2,172 in June, according to data from the Mortgage Bankers Association (MBA). On a year-over-year basis, the sum was down $13, equal to a 0.6% decrease. The national median mortgage payment for...
NEWS & CURRENT EVENTS
Kentucky Home Sales Up During June
The state’s median sales price of $285,000 was up 2.2% month-over-month and up 4% year-over-year. Continue Reading Kentucky Home Sales Up During June
Occupi Raises $3.1 Million in Seed Funding Round
Fenway Summer and Assurant Ventures co-led the round. Continue Reading Occupi Raises $3.1 Million in Seed Funding Round
CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
“How do agents and brokers keep earning commissions when Zillow aggressively holds the reins over four major real estate portals?” Florance asked. Continue Reading CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
Court Dismisses Homie’s Lawsuit Against NAR
The court decided Homie failed to adequately present its case. Continue Reading Court Dismisses Homie’s Lawsuit Against NAR
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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.
CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
“This case should never have been brought,” said Steve Simpson of the Pacific Legal Foundation. Continue Reading CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
TGI Fridays Files for Bankruptcy Protection
Currently, TGI Fridays Inc. only owns and operates 39 restaurants in the US. Continue Reading TGI Fridays Files for Bankruptcy Protection
Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
A pushback against offshore wind turbines, an indefinite delay on an important decision and a landmark law turns 50. Continue Reading Hits and Misses for the Real Estate Week of Oct. 28-Nov. 1
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Miami Real Estate Broker Faces Homicide Charge for Boat Crash Fatality
George Pino faces a maximum penalty of 15 years in prison and a $10,000 fine. Continue Reading Miami Real Estate Broker Faces Homicide Charge for Boat Crash Fatality
Former Home of Gambino Crime Family Boss Listed for $18 Million
The property last changed hands in 2000 for $3.1 million. Continue Reading Former Home of Gambino Crime Family Boss Listed for $18 Million
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,...
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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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