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$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Sen. Adam Schiff Launches Legal Defense Fund to Combat Mortgage Fraud Allegations
Sen. Adam Schiff (D-CA) has launched a legal defense fund as the Department of Justice (DOJ) is reportedly investigating his finances. Last month, President Trump accused Schiff of mortgage fraud while the lawmaker was a member of the House of Representatives. Trump...
Mortgage Application Activity Down Slightly
Mortgage application activity declined in the week ending Aug. 15, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.4% on a seasonally adjusted basis from one...
The Best Housing Markets? Two New Data Reports Offer Different Opinions
Question: What housing markets are currently considered to be the hottest? Answer: It depends which data report you consult. And a pair of newly Realtor.com published its list of Top Metros for New Construction, which involves an analysis of the 100 largest metros...
NEWS & CURRENT EVENTS
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Wood said the FHFA directive “could bolster both crypto and housing significantly.” Continue Reading Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Doron Netanel Named CEO at Commodore Construction
Netanel most recently served as chief financial officer with international construction company Electra USA. Continue Reading Doron Netanel Named CEO at Commodore Construction
Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
“Being misled into visiting a property that is not suitable is frustrating for prospective tenants and may mean they miss out on other properties,” said Leo Patterson Ross, president of the Tenants Union of NSW. Continue Reading Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
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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.
Global Net Lease Sells Two More Properties in Strategic Disposition Plan
Michael Weil, CEO of GNL, stated, “We are pleased with the rapid progress of our strategic disposition initiative.” Continue Reading Global Net Lease Sells Two More Properties in Strategic Disposition Plan
Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024
The Orchard last changed hands in 2018 for $4.35 million. Continue Reading Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024
CMBS Delinquency Rate Inches Up
The multifamily sector fueled the uptick. Continue Reading CMBS Delinquency Rate Inches Up
Finland Seeks to Ban Real Estate Purchases by Russians
The proposed policy change did not specifically name Russia, but made it obvious which nation was being targeted. Continue Reading Finland Seeks to Ban Real Estate Purchases by Russians
Oregon Real Estate Investment Firm Owners Indicted on Fraud Charges
Christensen and Matic have been charged in a 21-count indictment with conspiracy to commit wire fraud, wire fraud, and money laundering. Continue Reading Oregon Real Estate Investment Firm Owners Indicted on Fraud Charges
DOJ in $38 Million Settlement with Los Angeles Over Non-Compliance of HUD Accessibility Requirements
The city was accused of failing to maintain a publicly available list of accessible units and their accessibility features. Continue Reading DOJ in $38 Million Settlement with Los Angeles Over Non-Compliance of HUD Accessibility Requirements
Dan Sogorka Named General Manager of Rocket Pro TPO
Sogorka previously served as CEO and president of Sagent, a fintech company that designs and builds digital mortgage servicing platforms. Continue Reading Dan Sogorka Named General Manager of Rocket Pro TPO
Colorado City Blames Media for ‘Misleading Information’ on Venezuelan Gang Presence
“It is tragic that select individuals and entities have mischaracterized our city based on isolated incidents,” said the city government on X. Continue Reading Colorado City Blames Media for ‘Misleading Information’ on Venezuelan Gang Presence
Planned Soccer Stadium for Connecticut Delayed Until at Least 2026
Bridgeport has a history where big projects were announced but never begun. Continue Reading Planned Soccer Stadium for Connecticut Delayed Until at Least 2026
Survey: One-Quarter of Canadians Actively Saving for Home Purchase
The survey found 28% of respondents claiming they are considering moving to another country. Continue Reading Survey: One-Quarter of Canadians Actively Saving for Home Purchase
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