Featured Real Estate News
Rep. Swalwell Drops Lawsuit Against FHFA’s Pulte Over Mortgage Fraud Charges
Rep. Eric Swalwell (D-CA) has dropped his lawsuit against Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), after claiming Pulte used a mortgage fraud investigation against him as an act of political retribution. Politico reports the lawsuit was...
Rep. Swalwell Drops Lawsuit Against FHFA’s Pulte Over Mortgage Fraud Charges
Just where Swalwell is living has become a sticking point in his campaign for governor of California. Continue Reading Rep. Swalwell Drops Lawsuit Against FHFA’s Pulte Over Mortgage Fraud Charges
Mortgage Rates Start Rising Again
Mortgage rates climbed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. A year ago at this time, it averaged 6.65%. The 15-year...
Senate Passes Bipartisan Housing Bill; Industry Leaders Offer Mixed Reaction
The US Senate voted 89-10 to pass the 21st Century ROAD to Housing Act, a bipartisan bill designed to address the challenges facing the housing market. However, leaders within the housing industry offered a mixed response to the bill's contents and goals. The 303-page...
Pass the Cheesecake, Rose! More People Over 65 Now Living in Roommate Settings
It seems the housing market is starting to resemble a “Golden Girls” episode as the rising costs of housing has fueled a growing trend of people over 65 living in roommate settings. According to a data report from the roommate connection platform SpareRoom, while the...
News & Current Events
Foreclosure Starts Surged by 14% Year-Over-Year
One in every 3,701 housing units had a foreclosure filing in February. Continue Reading Foreclosure Starts Surged by 14% Year-Over-Year
Oregon Real Estate Broker Pleads Guilty for Role in Illegal Marijuana Scheme
Tyra Foxx will be sentenced on May 11. Continue Reading Oregon Real Estate Broker Pleads Guilty for Role in Illegal Marijuana Scheme
Eagle Partners Acquires 551-Unit Portfolio of 55+ Apartments for $162.5 Million
Eagle Partners plans to launch a long-term affordable preservation strategy for the properties. Continue Reading Eagle Partners Acquires 551-Unit Portfolio of 55+ Apartments for $162.5 Million
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Exclusive News
Connecticut Rejects Request for State Funds to Build New Soccer Stadium
The $127 million in public funding sought by tech millionaire André Swanston for the home of his Connecticut United Football Club was turned down. Continue Reading Connecticut Rejects Request for State Funds to Build New Soccer Stadium
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Wendy’s said it could close between 5% and 6% of its US restaurants – 298 to 358 locations – during the first half of this year. Continue Reading Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. Continue Reading Hits and Misses for the Real Estate Week of Feb. 9-13
Massachusetts to Study Building Code Change to Enable More Housing Construction
The advisory group will include fire and public safety services professionals, building officials, architectural experts, and accessibility advocates. Continue Reading Massachusetts to Study Building Code Change to Enable More Housing Construction
Grassroots Utah Group Quits Effort to Overturn Property Tax Hike
Ax the Tax sought to collect petition signatures that would have placed the property tax overturn on November’s ballot. Continue Reading Grassroots Utah Group Quits Effort to Overturn Property Tax Hike
Winnipeg Shopping Center Sells for $160.5 Million
St. Vital Centre encompasses approximately 1 million square feet of gross leasable area and features 160 retailers. Continue Reading Winnipeg Shopping Center Sells for $160.5 Million
Sen. Tillis Rebuffs Effort to Lift His Opposition to Kevin Warsh as Next Fed Chairman
Treasury Secretary Bessent called on called on the Banking Committee to proceed with a hearing on Warsh’s nomination despite Tillis’ stand. Continue Reading Sen. Tillis Rebuffs Effort to Lift His Opposition to Kevin Warsh as Next Fed Chairman
Rick Seehausen Named President of Lenders One
Seehausen replaces Justin Demola, who left Lenders One last month to join Equifax as senior vice president of mortgage and housing, Continue Reading Rick Seehausen Named President of Lenders One
Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion
Tri Pointe Homes will continue as a wholly owned subsidiary of Sumitomo Forestry America Inc. Continue Reading Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion