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Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Existing Home Sales Up 2%
Existing home sales during July recorded a 2% month-over-month upswing to a seasonally adjusted annual rate of 4.01 million, according to the National Association of Realtors (NAR). On a year-over-year measurement, sales were up by 0.8%. The sales increase was matched...
15% of Home Purchase Agreements Fell Through in July
Approximately 58,000 home purchase agreements were canceled in July, according to new data from the Rocket Companies (NYSE: RKT) division Redfin. The rate of cancelations accounted for 15.3% of homes that went under contract last month, up from 14.5% one year ago....
Zombie Properties on the Rise
Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant during the third quarter, according to data from ATTOM, which also found 7,519 pre-foreclosure homes, or 3.38% of the 222,318 properties in the process of foreclosure, were “zombie”...
NEWS & CURRENT EVENTS
$3.48 Million LA Home Now Available for Cryptocurrency Purchase
The 4,545-square foot residence within the 0.44-acre property is within a 24/7 guard-gated and patrolled community. Continue Reading $3.48 Million LA Home Now Available for Cryptocurrency Purchase
Charles Jones to Lead Multifamily Housing Finance at Western Alliance Bank
He was previously managing director and vice president of originations at M&T Realty Capital Corporation. Continue Reading Charles Jones to Lead Multifamily Housing Finance at Western Alliance Bank
Mortgage Rates Decline for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.67% as of July 3. Continue Reading Mortgage Rates Decline for Fifth Straight Week
Chicago Suburb to Purchase Childhood Home of Pope Leo XIV
The purchase price was not disclosed, and the transaction reverses the village’s earlier threat to seize the property through eminent domain. Continue Reading Chicago Suburb to Purchase Childhood Home of Pope Leo XIV
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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.
Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Co-founder Adam J. Weiss promises “personalized attention and unmatched value.” Continue Reading Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Former Illinois Bank President Sentenced for Role in Real Estate Fraud
He will also likely receive a lifetime ban from banking. Continue Reading Former Illinois Bank President Sentenced for Role in Real Estate Fraud
Greystar Enters Pittsburgh’s Apartment Market with Ophelia
Ophelia is slated to begin preleasing in late 2025, with final completion targeted for early 2026. Continue Reading Greystar Enters Pittsburgh’s Apartment Market with Ophelia
Alexander & Baldwin Acquires Oahu Industrial Property
The 81,500-square-foot food distribution facility is fully leased to Hansen Distribution Group. Continue Reading Alexander & Baldwin Acquires Oahu Industrial Property
CV3 Financial Services Launches Loan Servicing Division
CV3 is a private lender providing financing to real estate investors for fix-and-flip and rental properties and ground up construction loans. Continue Reading CV3 Financial Services Launches Loan Servicing Division
A Phil Hall Op-Ed: Trump Talks About Housing…Well, Sort Of
Editor Phil Hall offers his opinion on former President Donald Trump’s view of the housing market’s challenges. Continue Reading A Phil Hall Op-Ed: Trump Talks About Housing…Well, Sort Of
Report: Homebuying Became More Affordable for the First Time Since 2020
Redfin added that February 2021 was the last month on record when the typical household earned enough to afford the median priced home. Continue Reading Report: Homebuying Became More Affordable for the First Time Since 2020
Case-Shiller Index Records 14th Consecutive All-Time High
New York again reported the highest annual gain among the 20 cities with an 8.8% increase in July. Continue Reading Case-Shiller Index Records 14th Consecutive All-Time High
Judge Rejects Preliminary Injunction Request by Move Against CoStar
Judge George H. Wu denied the request by Move for limited expedited discovery in the lawsuit against CoStar. Continue Reading Judge Rejects Preliminary Injunction Request by Move Against CoStar
HUD Charges Florida Housing Providers with Disability Discrimination
HUD alleged the providers threatened the complainant with an eviction because of her reasonable accommodation request. Continue Reading HUD Charges Florida Housing Providers with Disability Discrimination
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