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New Luxury Rental Community Planned for Las Vegas
The property is based 15 minutes south of the Las Vegas Strip and delivery of the first residences is estimated for mid-year 2027. Continue Reading New Luxury Rental Community Planned for Las Vegas
New Luxury Rental Community Planned for Las Vegas
The property is based 15 minutes south of the Las Vegas Strip and delivery of the first residences is estimated for mid-year 2027. Continue Reading New Luxury Rental Community Planned for Las Vegas
Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
Utah Gov. Spencer J. Cox announced his administration has stopped an attempted land acquisition near Provo Airport by Cirrus Aircraft, a company that is majority-owned by the defense contractor Aviation Industry Corporation of China (AVIC). A 2023 Utah law prevents...
New Bipartisan Bill Seeks Government Support for ADU Construction
A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
Single-Family Housing Starts and Permits Down in June
Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
NEWS & CURRENT EVENTS
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
Report: New Apartments Sitting Vacant for Months
Nearly 125,000 new apartments were completed in the fourth quarter, the second highest number on record. Continue Reading Report: New Apartments Sitting Vacant for Months
King Charles Makes Royal Property Available as Short-Term Rental
The refurbished property has a naughty history as the love-nest of Edward VII, the monarch’s great-great-grandfather, and his actress lover Lillie Langtry. Continue Reading King Charles Makes Royal Property Available as Short-Term Rental
Hyatt Launches New Upscale Hotel Brand
According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.” Continue Reading Hyatt Launches New Upscale Hotel Brand
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Hyatt Acquires Standard International and Hotel Brands
With this transaction, Hyatt will form a new dedicated lifestyle group. Continue Reading Hyatt Acquires Standard International and Hotel Brands
Mortgage Application Activity Drops, Forbearance Levels Rise
The total share of loans now in forbearance increased to 0.27% as of July 31 Continue Reading Mortgage Application Activity Drops, Forbearance Levels Rise
Manufactured Housing Producer Franklin Homes Acquired by Private Equity Firm
Franklin Homes was founded in 1969 and its residences are sold through a retail network in 14 states. Continue Reading Manufactured Housing Producer Franklin Homes Acquired by Private Equity Firm
Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion
The new loan product will initially be available in the Greater Toronto Area, Greater Vancouver Area and Calgary. Continue Reading Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion
California Home Sales at Five-Month High
The statewide unsold inventory index was 2.9 months in July. Continue Reading California Home Sales at Five-Month High
Frank Lloyd Wright-Designed Skyscraper Listed for Sale
The property was designated a National Historic Landmark in 2007. Continue Reading Frank Lloyd Wright-Designed Skyscraper Listed for Sale
Ex-Baltimore Prosecutor Seeks Overturn of Mortgage Fraud Conviction
Marilyn Mosby was sentenced to 12 months of home confinement, which she began in June. Continue Reading Ex-Baltimore Prosecutor Seeks Overturn of Mortgage Fraud Conviction
Fire-Damaged Historic Hotel Fire Prevented from Rebuilding Due to 1891 Property Line
Epique Realty Expands into New Mexico and Utah
The company has hired William Lambert as the state broker for both markets. Continue Reading Epique Realty Expands into New Mexico and Utah
Netflix Cancels Mauricio Umansky’s ‘Buying Beverly Hills’ After 2 Seasons
Umansky is already involved in his latest endeavor as the co-founder of the American Real Estate Association. Continue Reading Netflix Cancels Mauricio Umansky’s ‘Buying Beverly Hills’ After 2 Seasons
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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