Featured Real Estate News
Benjamin Piening Named President of Novacore’s Real Estate Segment
Novacore, a Conshohocken, Pennsylvania-based specialty insurance provider, announced the appointment of Benjamin Piening as president of its real estate segment. Piening joins Novacore from Honeycomb Insurance, where he served as chief underwriting officer and led the...
Benjamin Piening Named President of Novacore’s Real Estate Segment
Piening joins Novacore from Honeycomb Insurance, where he served as chief underwriting officer. Continue Reading Benjamin Piening Named President of Novacore’s Real Estate Segment
Avalon Risk Management Debuts Hurricane Insurance Product
Avalon Risk Management, a provider of commercial property insurance, is now offering a hurricane insurance product for multifamily and commercial property owners in most Tier 1 wind zones. The Scottsdale, Arizona-based company stated the new product can provide...
Homeowners Face 73% Spike in Mortgage Payments If They Move
The typical mortgage holder pays roughly $1,300 in principal and interest per month, according to a new data report from Realtor.com. However, to purchase a typical home in today's market, these homeowners would need to make a monthly payment of nearly $2,236, or a...
Mortgage Credit Availability Increases for Fifth Straight Month
Mortgage credit availability was on the rise during November, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 0.7% to 107.5 in November; the index was benchmarked to 100 in March 2012. The...
News & Current Events
Southern California’s Freeman Wang and His 50-Agent Team Join The Real Brokerage
Wang’s team closed 430 homes totaling $425 million in sales volume in 2024. Continue Reading Southern California’s Freeman Wang and His 50-Agent Team Join The Real Brokerage
North Carolina House Leader Creates Committee to Devise Property Tax Reforms
A recent study from the Tax Foundation ranked North Carolina 36th highest property taxes in the nation. Continue Reading North Carolina House Leader Creates Committee to Devise Property Tax Reforms
Elite International Realty Launches Retail-Focused Division
Retail by Elite will support retailers from the early development stages through commercial negotiations, leasing, design, construction, and ongoing operational milestones. Continue Reading Elite International Realty Launches Retail-Focused Division
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Exclusive News
New Financing Program Aimed at Sellers Planning Home Stagings
The new program is now available in select markets, with plans for nationwide expansion in the near future. Continue Reading New Financing Program Aimed at Sellers Planning Home Stagings
Alchemy Ventures Buys 125-Year-Old NYC Property for $10.75 Million
One of the street-level retail tenants is co-owned by Bradley Cooper. Continue Reading Alchemy Ventures Buys 125-Year-Old NYC Property for $10.75 Million
Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
zTotal mortgage debt outstanding for the full commercial real estate sector in the fourth quarter was $4.79 billion. Continue Reading Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
Herschen Acquires Palace Entertainment’s Theme Parks
The financial terms of the deal were not disclosed. Continue Reading Herschen Acquires Palace Entertainment’s Theme Parks
Four Real Estate Scammers Indicted for NYC Deed Theft Schemes
The victims included an 82-year-old woman and a 76-year-old woman. Continue Reading Four Real Estate Scammers Indicted for NYC Deed Theft Schemes
Q4 Renter Population Up by Less Than 1%
Home prices are more than 40% above pre-pandemic levels and rent prices are roughly 20% above pre-pandemic levels. Continue Reading Q4 Renter Population Up by Less Than 1%
Mortgage Applications Down, Homeowner Equity Up
“Overall, purchase application volume is up 6% compared to last year at this time,” said MBA’s Mike Fratantoni. Continue Reading Mortgage Applications Down, Homeowner Equity Up
Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
Dallas, Austin, San Diego and Houston also have shortages of affordable housing. Continue Reading Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
Hawaiian Legislators Consider Redefining ‘Historic Property’
The state’s current definition of “historic property” is entirely age-focused. Continue Reading Hawaiian Legislators Consider Redefining ‘Historic Property’