Featured Real Estate News
Brad Bazley Joins Perform Properties as Chief Technology Officer
Perform Properties, a Blackstone Real Estate portfolio company focused on high-performing retail and office properties, announced the appointment of Brad Bazley as senior vice president and chief technology officer. In his new role, Bazley will spearhead the company’s...
Brad Bazley Joins Perform Properties as Chief Technology Officer
Bazley comes to Perform from Internet Brands, where he served as vice president and chief information officer. Continue Reading Brad Bazley Joins Perform Properties as Chief Technology Officer
Starter Home Sales Up Nearly 5%
Starter home sales during October were up by 4.9% from one year according to a new data report from Redfin. In comparison, home sales for mid-priced (+0.7%) and high-priced (+0.8%) residences were also up from one year earlier. Among pending home sales, the starter...
Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
School officials in Indiana are pushing back at the state’s new property tax relief efforts by claiming the reforms are destabilizing their budgets to the point that employees are being laid off and services are being reduced. The Indiana Capital Chronicle reports...
Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Deephaven Mortgage, a Charlotte, North Carolina-headquartered non-QM lender, has launched its Equity Advantage HELOC product that includes an option for self-employed borrowers to qualify based on 12 months of personal or business bank statements in lieu of tax...
News & Current Events
Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
US Institute of Peace HQ in Washington Renamed for Trump
The new name for the building comes ahead of today’s scheduled meeting between Trump and leaders from Rwanda and the Democratic Republic of Congo. Continue Reading US Institute of Peace HQ in Washington Renamed for Trump
Trump Pardons Ex-CEO of Oak View Group Indicted by His Justice Department
CNN reports Leiweke’s pardon was coordinated by Trey Gowdy, a former South Carolina congressman and Fox News host. Continue Reading Trump Pardons Ex-CEO of Oak View Group Indicted by His Justice Department
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Exclusive News
Blackstone Announces $8 Billion Final Close for New Commercial Property Debt Fund
The firm devoted roughly two years to raising the fund, which will be active in North America, Europe and Australia. Continue Reading Blackstone Announces $8 Billion Final Close for New Commercial Property Debt Fund
DOGE Uncovers Tens of Thousands of Unused Paid Software Licenses at HUD
HUD paid for 11,020 Acrobat licenses with zero users. Continue Reading DOGE Uncovers Tens of Thousands of Unused Paid Software Licenses at HUD
American Real Estate Association Unveils Alternative to NAR’s Clear Cooperation Policy
AREA stated its proposed policy enables sellers to “maintain control over how their home is listed while ensuring full MLS access for professionals.” Continue Reading American Real Estate Association Unveils Alternative to NAR’s Clear Cooperation Policy
Builders Thank Trump for Partial Tariff Pause, But Express Concern Over Possible Trade War
“NAHB will continue to work with the administration to cut regulations, boost domestic lumber output and further rein in housing costs,” said Chairman Buddy Hughes. Continue Reading Builders Thank Trump for Partial Tariff Pause, But Express Concern Over Possible Trade War
Conservation Group Buys 3,100-Acre New York Forest Parcel for $6.2 Million
The property had been the subject of a mixed-use development proposal encompassing housing, resort, and commercial uses. Continue Reading Conservation Group Buys 3,100-Acre New York Forest Parcel for $6.2 Million
Rocket Mortgage to Exit the Canadian Market
Rocket Mortgage plans to complete its exit from the market by June 27. Continue Reading Rocket Mortgage to Exit the Canadian Market
Bipartisan Bill Seeks to Expand Section 8 Voucher Program
The bill would also “encourage HUD to reform its annual evaluation of PHAs to promote an increase in the diversity of neighborhoods where vouchers are used.” Continue Reading Bipartisan Bill Seeks to Expand Section 8 Voucher Program
Study: Municipal Fees Drive Up Canadian Homebuilding Costs
CHBA predicted the 2022-2031 period will become the decade with the fewest homes built per new persons added to the Canadian population since at least 1972. Continue Reading Study: Municipal Fees Drive Up Canadian Homebuilding Costs
Executive Shake-Up at loanDepot
Frank Martell will step down as president, CEO and a board member. Continue Reading Executive Shake-Up at loanDepot