Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Manhattan Commercial Property Leased to Van Cleef & Arpels Sold for $54.5 Million
SL Green Realty Corp. (NYSE:SLG) and its joint venture partner, Jeff Sutton’s Wharton Properties, announced it has closed on the sale of New York City’s 690 Madison Avenue for $54.5 million. The property is a five-story, 7,850-square-foot commercial building located...
Michael Sartori Promoted to CFO at Dynex Capital
Dynex Capital Inc. (NYSE: DX), a Glen Allen, Virginia-headquartered real estate investment trust focused on residential and commercial mortgage-backed securities, has promoted Michael Sartori to chief financial officer (CFO). Sartori succeeds Robert Colligan as CFO....
Hits and Misses for the Real Estate Week of February 23-27
A lack of housing policy ideas in the State of the Union, a theater chain weighing closing more locations, and a city losing millions in consulting fees over a failed museum project. From the wild and woolly world of real estate, here are our Hits and Misses for the...
News & Current Events
Indianapolis’ Martin University Campus Listed at $3.5 Million
The school founded in 1977 by Boniface Hardin, a Benedictine Monk, and was Indiana’s only predominantly Black institution of higher learning. Continue Reading Indianapolis’ Martin University Campus Listed at $3.5 Million
Historic Minneapolis Skyscraper Sells for $1
The Lumber Exchange Building dates to 1885 and was the first skyscraper in Minneapolis. Continue Reading Historic Minneapolis Skyscraper Sells for $1
Mustafa Abbasi Named President of Sotheby’s International Realty Canada
He succeeds Effi Barak, who has served as interim president since April 2025. Continue Reading Mustafa Abbasi Named President of Sotheby’s International Realty Canada
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Exclusive News
Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
WalletHub noted the average household pays $3,119 in real estate property taxes. Continue Reading Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
One in seven homebuyers (14.4%) used FHA loans in December, down from 15.1% one year earlier. Continue Reading Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
Chinese Company Forced to Divest Land Near Utah Military Bases
A Chinese company with ties to the Chinese Communist Party was forced to sell land it owned near two military installations in Utah. The Epoch Times reports Mitime Utah Investment LLC received a letter from the state last November ordering it divest the property, a...
Canadian Housing Starts Down by 15%
Vancouver recorded a 37% increase in actual starts due to higher multi-unit and single-detached starts. Continue Reading Canadian Housing Starts Down by 15%
NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
The hearing will focus only on privately owned housing. Continue Reading NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine
“Before their death, the heroic martyrs must have pictured in their mind’s eye their dear families living in the ever-prospering country,” said Kim Jong-un. Continue Reading North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine