Featured Real Estate News
CMBS Delinquency Rate Dropped to 7.14% in February
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
Report: Home Delistings Up 28% Year-Over-Year
Nearly 85,000 home sellers took their properties off the market in September, a 28% year-over-year increase and the highest delisting level for that month in eight years, according to a new report from Redfin. Nationwide, 5.5% of all home listings were taken off the...
Pending Home Sales Up by Nearly 2%
Pending home sales in October were up by 1.9% from September and were down by a slight 0.4% from on year earlier, according to data from the National Association of Realtors (NAR). On a regional basis, month-over-month pending home sales were up in the Northeast,...
Maine Home Sales Up 10.73% from Last Year
A total of 1,651 single-family existing home sales were recorded in Maine during October, a 10.73% increase from one year earlier. According to data from the Maine Association of Realtors, the median sales price for homes sold hit $426,000, up 7.85% from October 2024....
News & Current Events
FHFA Announces 2026 Multifamily Loan Caps
Bob Broeksmit, president and CEO of the Mortgage Bankers Association, welcomed the news. Continue Reading FHFA Announces 2026 Multifamily Loan Caps
RealPage Reaches Settlement with DOJ Over Rent Collusion Case
The company viewed the settlement as a victory. Continue Reading RealPage Reaches Settlement with DOJ Over Rent Collusion Case
Real Estate Finance Firm KV Capital Expands to Toronto
The new office is the company’s third location, joining its Edmonton headquarters that opened in 2006 and a Calgary office that opened in 2023. Continue Reading Real Estate Finance Firm KV Capital Expands to Toronto
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Vought Pauses Defunding of CFPB Following Lawsuit
The lawsuit alleged Vought could not unilaterally close a federal agency that was created by an act of Congress. Continue Reading Vought Pauses Defunding of CFPB Following Lawsuit
Survey: 1 in 4 Remote Workers Ordered Back to Office No Longer Live Near Their Job
Among the relocating workers, 56% attempted to secure a different job before moving, but most failed to secure a lucrative job offer. Continue Reading Survey: 1 in 4 Remote Workers Ordered Back to Office No Longer Live Near Their Job
New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Jordan custom-built the residence in 1995 and listed it for $29 million in 2012. Continue Reading New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Union Claims HUD Plans to Cut Half of Its Workforce
Employees in the Federal Housing Administration will not be impacted by the layoffs. Continue Reading Union Claims HUD Plans to Cut Half of Its Workforce
NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme
Kevin Feng Gao is charged with one count of bank fraud, which carries a maximum sentence of 30 years in prison. Continue Reading NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. Continue Reading Crypto-Only Buyer Sought for $28 Million Manhattan Office Property
Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
Applications for relief will need to be filed by June 30. Continue Reading Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
KKR Raises $850 Million for New Real Estate Credit Strategy
“We believe it is a great time to invest real estate credit,” said Matt Salem, partner and head of real estate credit. Continue Reading KKR Raises $850 Million for New Real Estate Credit Strategy
Housing Supply at 5-Year High, Demand at 5-Year Low
Roughly 41,000 home-purchase agreements were canceled in January. Continue Reading Housing Supply at 5-Year High, Demand at 5-Year Low