Featured Real Estate News
$17.2 Million Listing for Penthouse Sets Record in Uruguay
A luxury penthouse in Uruguay’s seaside resort city of Punta del Este is being listed for $17.2 million, a new record high for that South American country’s housing market. Mansion Global reports the 17,500-square-foot condominium is based in Cipriana Punta del Este...
$17.2 Million Listing for Penthouse Sets Record in Uruguay
Edgardo Defortuna, CEO at Fortune International, who is leading sales for the project, observed, “This is a trophy property within a landmark development that introduces a level of design, hospitality and service that Punta del Este has never experienced before.” Continue Reading $17.2 Million Listing for Penthouse Sets Record in Uruguay
Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
New York City Mayor-elect Zohran Mamdani and his wife, Rama, will take up residence in Gracie Mansion, the official residence for the mayor, after he is sworn into office on New Year’s Day. According to combined media reports, Mamdani will be trading in his...
Pre-Leasing Begins on Greystar’s New Denver High-Rise Community
Greystar has begun pre-leasing at The Parson, a high-rise apartment community in Denver's Golden Triangle neighborhood. The Parson will offer 309 luxury residences and include a mix of 21 studios, 161 one-bedrooms, 95 two-bedrooms, 9 three-bedrooms, and 23 penthouses,...
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
News & Current Events
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
Dollar General Plans to Open 450 New Stores
Dollar General said it opened 196 new stores in the third quarter. Continue Reading Dollar General Plans to Open 450 New Stores
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Exclusive News
Matthew Brown Named CFO / Treasurer at Seven Hills Realty Trust
Brown is a senior vice president of The RMR Group (NASDAQ: RMR), an alternative asset management company. Continue Reading Matthew Brown Named CFO / Treasurer at Seven Hills Realty Trust
Rocket Companies Acquires Redfin for $1.75 Billion
“Rocket and Redfin have a unified vision of a better way to buy and sell homes,” said Varun Krishna, CEO of Rocket Companies. Continue Reading Rocket Companies Acquires Redfin for $1.75 Billion
Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme
Okechukwu Josiah Odunna, was arrested by Nigerian authorities last September. Continue Reading Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme
HUD Delays Biden’s Energy Codes Implementation for 6 Months
NAHB Chairman Buddy Hughes called this “an important step forward to help ease the nation’s housing affordability crisis.” Continue Reading HUD Delays Biden’s Energy Codes Implementation for 6 Months
CVS to Open 12 Mini-Stores Focused on Pharmacy Services
CVS is planning to close 270 locations this year after 800 net closures during the past three years. Continue Reading CVS to Open 12 Mini-Stores Focused on Pharmacy Services
SBA to Relocate Regional Offices Out of 6 Sanctuary Cities
The regional offices in Atlanta, Boston, Chicago, Denver, New York City, and Seattle will be moved in the coming months. Continue Reading SBA to Relocate Regional Offices Out of 6 Sanctuary Cities
Elon Musk’s xAI Buys 1 Million SF Facility in Memphis
xAI’s specific plans for the facility were not disclosed in the news announcement. Continue Reading Elon Musk’s xAI Buys 1 Million SF Facility in Memphis
Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
“The County is on track to contribute to nearly 620 completed units last year,” said Mayor Richard Bissen. Continue Reading Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
Why Working with a Mortgage Broker is the Key to Homeownership at a Better Rate
The American Dream has always been built on the foundation of homeownership. But for many Americans, securing an affordable mortgage has become a nightmare. Between rising interest rates and big banks tightening their lending standards, homebuyers are left wondering...