Featured Real Estate News
iPic Theaters Files for Bankruptcy, Plans to Sell Assets
The iPic Theaters cinema chain, which offers dine-in service to its moviegoing audiences, has filed for Chapter 11 bankruptcy and is planning the sale of its assets. According to combined media reports, the Boca Raton, Florida-headquartered company previously filed...
iPic Theaters Files for Bankruptcy, Plans to Sell Assets
The Boca Raton, Florida-headquartered company previously filed for bankruptcy in 2019. Continue Reading iPic Theaters Files for Bankruptcy, Plans to Sell Assets
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Sen. John Barrasso (R-WY) has introduced legislation to abolish Biden-era environmental policies focused on the housing market. The HOUSE Act would repeal the Final Determination on energy efficiency standards for new construction of housing financed by the...
Sutton Group Acquires Real Estate Tech Firm Homicity
Sutton Group, a Canadian-owned real estate brand, is acquiring Homicity Inc., an Ottawa-based real estate technology company. The financial aspects of the deal were not disclosed. As part of the acquisition, Jamie Blades, founder and CEO of Homicity, will join Sutton...
625-Bed Student Housing Development Planned Near North Carolina’s Appalachian State University
Landmark Properties, in a joint venture with HC2 Capital, LLC and Peninsula Investments, announced the acquisition of a 40.05-acre site in Boone, North Carolina, that will be developed into The Retreat at Boone, a cottage-style off-campus student housing community...
News & Current Events
Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
Alabama Home Sales Down During October
The state’s median sales price was $253,201, up by 7.6% from September and by 19.7% from October 2024. Continue Reading Alabama Home Sales Down During October
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Redfin to Lay Off 450 Employees Following Partnership with Zillow
The Seattle-based company did not release a press statement on the layoffs. Continue Reading Redfin to Lay Off 450 Employees Following Partnership with Zillow
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Four FEMA employees who conducted the transaction, including Chief Financial Officer Mary Comans, have been fired by the DHS. Continue Reading DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Report: Typical Homebuyer Pays Roughly 2% Less Than the List Price
The typical home that sells takes 56 days to go under contract, the longest span in nearly five years. Continue Reading Report: Typical Homebuyer Pays Roughly 2% Less Than the List Price
PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
The first installment of the series will feature 20 short videos. Continue Reading PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers
Canada is dealing with a population that swelled by 17.4% between 2006 and 2021. Continue Reading New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers
Democrat Lawmakers Demand Removal of Elon Musk’s DOGE From CFPB HQ
“Your efforts to dismantle the CFPB are dangerous, and we will fight them at every turn,” the lawmakers stated. Continue Reading Democrat Lawmakers Demand Removal of Elon Musk’s DOGE From CFPB HQ
Indiana Developer Sentenced for Real Estate Fraud Scheme
In addition to the prison term, Whalen was sentenced to three years of supervised release. Continue Reading Indiana Developer Sentenced for Real Estate Fraud Scheme
Trump Nominates Jonathan McKernan to Become CFPB Director
McKernan stepped down from the board of directors of the Federal Deposit Insurance Corporation to be considered for the CFPB directorship. Continue Reading Trump Nominates Jonathan McKernan to Become CFPB Director