Featured Real Estate News
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX), has acquired West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts, for approximately $32 million. The property...
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
Wisconsin Home Sales and Prices Up During October
Wisconsin recorded 6,643 home sales during October, a 3.4% increase from the 6,426 sales from one year earlier. According to data from the Wisconsin Realtors Association (WRA), year-to-date home sales were up by 2.4% relative to the first 10 months of 2024. Total...
Median for Luxury Home Sales Prices Hit New Record High for October
Luxury home sale prices reached a median of $1.28 million, a record high for the month of October, according to new data from Redfin. Last month’s price was a 5.5% year-over-year increase. Luxury home prices increased by roughly three times faster than non-luxury...
Virginia Home Sales Jumped by 3.1% in October
A total of 9,006 closed home sales were recorded in Virginia in October, more than 274 sales or a 3.1% increase from one year earlier. According to data from Virginia Realtors, there were 25,196 active listings on the market last month, which represents 5,154 more...
News & Current Events
Stanley Martin Homes to Launch Master-Planned Community in Savannah Area
Prices at Brunson Station will start from the low $300,000s for townhomes and the mid $300,000s for single-family homes. Continue Reading Stanley Martin Homes to Launch Master-Planned Community in Savannah Area
Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
“Colluding to drive up prices is illegal,” said California Attorney General Rob Bonta. Continue Reading Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
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CMBS Delinquency Rate Down by 1 Basis Point
One year ago, the CMBS delinquency rate was 4.66%. Continue Reading CMBS Delinquency Rate Down by 1 Basis Point
North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Rep. Nels Christianson, the bill’s sponsor, said his legislation provides property tax relief to residents who need it the most. Continue Reading North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Cornerstone Capital Bank Launches Community Lending Division
The bank stated it will seek “to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.” Continue Reading Cornerstone Capital Bank Launches Community Lending Division
NAR Accepting Applications for 2025 Good Neighbor Awards
Five winners will each receive a $10,000 grant for their nonprofit organization. Continue Reading NAR Accepting Applications for 2025 Good Neighbor Awards
Trump Names Treasury Secretary Bessent as Acting CFPB Director
Bessent will take the leadership role from Rohit Chopra, who was fired on Saturday. Continue Reading Trump Names Treasury Secretary Bessent as Acting CFPB Director
Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
“Tariffs on lumber and other building materials increase the cost of construction,” said NAHB Chairman Carl Harris. Continue Reading Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
Sen. Chuck Schumer predicted a “Golden Age of predatory lending.” Continue Reading GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
Pittsburgh-Area Mall Sells for $34 Million
The company bought the mail in 2004 for $231.2 million. Continue Reading Pittsburgh-Area Mall Sells for $34 Million
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Those in homeowners associations (HOAs) pay an extra $3,077 in annual HOA fees. Continue Reading Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses