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Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Sections of Brooklyn, Queens, and Staten Island turned into “no-go zones” for multifamily affordable housing. Continue Reading Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Sections of Brooklyn, Queens, and Staten Island turned into “no-go zones” for multifamily affordable housing. Continue Reading Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC
The overlap between real estate and cryptocurrency continues with the seller of a 14-unit multifamily property in California’s Manhattan Beach accepting payment in either Bitcoin or USDC. The crypto transaction will be facilitated by Guaranty Escrow. Buyers can fund...
California Home Sales Up, Reversing 3-Month Slump
California recorded 264,260 single-family home sales in June, up 4% from the 254,190 homes sold in May and down 0.3% from the 264,960 homes sold one year earlier. According to the California Association of Realtors, June's upswing reversed three consecutive months of...
Mortgage Rates on the Rise Again
Mortgage rates were up for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.75% as of July 17, up from last week when it averaged 6.72%. A year ago at this...
NEWS & CURRENT EVENTS
Arrive Home Debuts New Iterations of Earned Equity Program
The new EEP Pathway designed for “ITIN and certain Visa statuses individuals who may be solid long-term renters looking to move on to homeownership.” Continue Reading Arrive Home Debuts New Iterations of Earned Equity Program
$3.5 Billion Montreal Mixed-Use Development to Include 7,000 Residential Units
Groupe Mach has unveiled its plans for the Langelier project, a $3.5 billion mixed-used development in Montreal that will encompass 7,000 residential units. The 1.45 million-square-foot project will encompass 5,700 market-rate residential units, 1,300 social and...
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Chevron Relocates HQ from California to Texas
CEO Mike Wirth blamed California’s political climate for driving the company’s headquarters from the state. Continue Reading Chevron Relocates HQ from California to Texas
Renter Population Is Growing 3X Faster Than Homeowner Population
Nationwide, just over one-third (34.4%) of households are in rental housing. Continue Reading Renter Population Is Growing 3X Faster Than Homeowner Population
Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors
Dwell Equities agreed to stop engaging or continuing a foreclosure rescue service or engage in equity stripping. Continue Reading Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors
West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel
The Justice family accused the foreclosure to be a “political stunt” by Dimon. Continue Reading West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel
Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals
The court’s 5-2 ruling determined that a “residence” is not synonymous with a permanent presence. Continue Reading Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals
Louis CK Lists Shelter Island Estate for $9.25 Million
The Tudor-stye 5,300-square-foot residence on a 2.02-acre property was built in 1901. Continue Reading Louis CK Lists Shelter Island Estate for $9.25 Million
CMBS Delinquency Rate Rises, Fueled by Office Sector
Year-over-year, the overall CMBS delinquency rate is up 102 basis points. Continue Reading CMBS Delinquency Rate Rises, Fueled by Office Sector
Furniture Retailer Badcock to Shut Down, Closing 380 Stores
The company’s shuttering follows last week’s bankruptcy filing by its parent company Conn’s. Continue Reading Furniture Retailer Badcock to Shut Down, Closing 380 Stores
Blackstone in Talks to Acquire Retail-Focused REIT
ROIC owns 95 shopping centers covering roughly 10.7 million square feet. Continue Reading Blackstone in Talks to Acquire Retail-Focused REIT
Colibri Real Estate to Host Virtual Career Expos
Both expos will take place virtually and there is no cost to attend. Continue Reading Colibri Real Estate to Host Virtual Career Expos
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