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Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
The Link at Uptown, Dallas Office Property, Sells for $218 Million
The Link at Uptown, a Class AA office tower in the Uptown submarket of Dallas, has been sold for $218 million. Built in 2021, the 25-story Link at Uptown totals 292,000 square feet and features a tenant base that includes Houlihan Lokey, PMG and McGuireWoods. The...
NYC Housing Lottery Applicants Impacted by Data Breach
The confidential data of New York City residents who applied for the municipal affordable housing lottery program may have been exposed in a data breach. CBS News reports a website used to internally sort applications in the city's Housing Connect lottery program...
Mortgage Rates Dip, Homebuyer Affordability Up Slightly
A pair of new data reports showed a slight decline in mortgage rates and a slight uptick in homebuyer affordability. The 30-year fixed-rate mortgage averaged 6.72% as of July 31, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC)....
NEWS & CURRENT EVENTS
Manhattan’s Rental Market Breaks New Price Record
Among property types, studio apartments in Manhattan recorded the greatest rent increase with a 9.5% year-over-year surge to an average of $3,400. Continue Reading Manhattan’s Rental Market Breaks New Price Record
25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million
The property is occupied by a Wawa convenience store and gas station and a Tractor Supply center. Continue Reading 25,000 SF Retail Plaza in Pennsylvania Sells for $12 Million
Builder Confidence Sinks to Lowest Level Since December 2022
“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Sinks to Lowest Level Since December 2022
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
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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.
Baja California’s Paradero Homes Launches US Sales with Compass
Pricing on the residences will start at $2.5 million. Continue Reading Baja California’s Paradero Homes Launches US Sales with Compass
Abatement and Demolition Begin on Phoenix’s Metrocenter Mall
Metrocenter was an enclosed shopping mall constructed in 1972 on a 312-acre property. Continue Reading Abatement and Demolition Begin on Phoenix’s Metrocenter Mall
British Columbia Real Estate Lawyer Disbarred for Third Time
Hong Guo ran for mayor of Richmond in 2018. Continue Reading British Columbia Real Estate Lawyer Disbarred for Third Time
Florida Home Sales and Prices in Decline
New listings of single-family homes in August were up by 2.3% compared to a year ago. Continue Reading Florida Home Sales and Prices in Decline
Homes Sales Up While Inventory Shrinks in New York State
The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. Continue Reading Homes Sales Up While Inventory Shrinks in New York State
Mortgage Rates Continue to Slide
The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. Continue Reading Mortgage Rates Continue to Slide
Existing Home Sales Down 2.5%
First-time buyers were responsible for 26% of sales in August, matching the all-time low last seen in November 2021. Continue Reading Existing Home Sales Down 2.5%
Tech Trends: New Tools for Real Estate Investors
This week’s edition of Tech Trends focuses on new offerings aimed at real estate investors. Continue Reading Tech Trends: New Tools for Real Estate Investors
Year-to-Date Luxury Home Sales in Canada on the Rise
Luxury markets in the Prairie provinces recorded some of the largest year-over-year increases. Continue Reading Year-to-Date Luxury Home Sales in Canada on the Rise
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
The proposed development will include more than 400 apartment units on the tower’s uppermost floors. Continue Reading Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
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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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