Featured Real Estate News
Grocery Outlet to Close 36 Underperforming Stores
Grocery Outlet Holding Corp. (NASDAQ: GO), the Emeryville, California-based parent company of the Grocery Outlet chain of bargain-priced supermarkets, announced it is closing 36 stores following dismal fourth quarter earnings that resulted in a roughly $235 million...
Grocery Outlet to Close 36 Underperforming Stores
“We are not fully exiting any state,” said President and CEO Jason Potter. Continue Reading Grocery Outlet to Close 36 Underperforming Stores
Mortgage Rates Decline Ahead of Thanksgiving
Mortgage rates dived ahead of the Thanksgiving holiday, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate averaged 6.23% as of Nov. 26, down from last week when it averaged 6.26%. A year ago at this...
A Phil Hall Op-Ed: Where’s the Beef in Trump’s Housing Affordability Plans?
A Phil Hall Op-Ed: If you were watching TV in the 1980s, you probably recall Clara Peller. She a diminutive elderly lady who appeared in commercials for the Wendy’s restaurant chain, and she is best remembered as the unimpressed patron of a fast-food joint who is...
Mortgage Application Activity Remains Mostly Flat
Mortgage application activity was stagnant for the week ending Nov. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.2% on a seasonally adjusted...
News & Current Events
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Rep. Andy Biggs (R-AZ) introduced companion legislation in the House of Representatives. Continue Reading New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Sutton Group Acquires Real Estate Tech Firm Homicity
Jamie Blades, founder and CEO of Homicity, will join Sutton Group as vice president of technology. Continue Reading Sutton Group Acquires Real Estate Tech Firm Homicity
625-Bed Student Housing Development Planned Near North Carolina’s Appalachian State University
Delivery is planned for the 2027-2028 academic year. Continue Reading 625-Bed Student Housing Development Planned Near North Carolina’s Appalachian State University
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Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
“This acquisition highlights our ability to access capital markets and expand into markets with strong growth potential,” said Dan Castleberry, chief operations officer. Continue Reading Meridian Senior Living Expands into Colorado with Denver-Area Acquisition
New Jersey Medical/Office Property Sells for $22 Million
The three-story property was built in 1986 and is anchored by Summit Health. Continue Reading New Jersey Medical/Office Property Sells for $22 Million
FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants
FEMA Acting Administrator Cameron Hamilton announced, “Personnel will be held accountable.” Continue Reading FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants
Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts
“Homeowners rebuilding after a disaster need all the support they can get, including the interest earned on their insurance funds,” said Newsom. Continue Reading Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts
Union Sues to Halt DOGE Access and Work Stoppage at CFPB
The union blamed Elon Musk, the head of DOGE, for trying to break the CFPB for his own personal gain. Continue Reading Union Sues to Halt DOGE Access and Work Stoppage at CFPB
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home
A minimum annual income of $222,000 was needed to qualify for the purchase of a $874,290 statewide median-priced, existing single-family California home. Continue Reading Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home
New Initiative to Raise College Student Awareness of Commercial Real Estate Careers
The MBA will receive a $750,000 grant over three years from the PREA Foundation to expand industry outreach and engagement. Continue Reading New Initiative to Raise College Student Awareness of Commercial Real Estate Careers
CFPB’s Vought Stops Fed Funding for Agency, Closes Agency HQ for the Week
“Accountability at the CFPB is long overdue,” said Vought. Continue Reading CFPB’s Vought Stops Fed Funding for Agency, Closes Agency HQ for the Week
Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants
“A clawback demand will be made today to recoup those funds,” Musk wrote. Continue Reading Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants