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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
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
Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
The summer doldrums weighted on the Mid-Atlantic markets in the Bright MLS service area, which recorded a 2.8% year-over-year decline in closed sales during July. Last month, there were 20,847 new pending contracts in the Bright MLS service area, down by 1.7% from the...
Lawsuit Accuses LA Dodgers’ Ohtani and Agent of Disrupting $240 Million Hawaii Real Estate Deal
A real estate investor and a broker based in Hawaii have filed a lawsuit against Los Angeles Dodgers star Shohei Ohtani and his agent, claiming they conspired to get them fired from The Vista at Mauna Kea Resort, a $240 million luxury housing development. The...
New Rental Housing Community Planned for Downtown Toronto
The developers Dream Unlimited Corp. (TSX: DRM) and CentreCourt Developments have launched a joint venture to create 49 Ontario Street, a mixed-income purpose-built rental housing community in downtown Toronto. Upon completion, the development will feature 1,226...
NEWS & CURRENT EVENTS
Jimmy Burgess Named Chief Coaching Officer at HomeServices of America
Burgess will lead the design and implementation of agent and leadership coaching across the HomeServices enterprise. Continue Reading Jimmy Burgess Named Chief Coaching Officer at HomeServices of America
Pacaso Expands into the Italian Market
Last month, Pacaso announced it reserved the ticker symbol “PCSO” on the Nasdaq Stock Market. Continue Reading Pacaso Expands into the Italian Market
Latvia Bans Property Purchases by Russia and Belarus Nationals
Earlier this year, Finland created a new law prohibiting property acquisition by Russian nationals. Continue Reading Latvia Bans Property Purchases by Russia and Belarus Nationals
Grocery Chain Threatens to Close All Stores if NYC Elects Socialist Mayor
John Catsimatidis declared, “We can’t compete with Mamdani opening city run supermarkets for free.” Continue Reading Grocery Chain Threatens to Close All Stores if NYC Elects Socialist Mayor
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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.
Fewer Foreign Buyers Are Purchasing Texas Homes
About 37% of international buyers of Texas houses came from Mexico. Continue Reading Fewer Foreign Buyers Are Purchasing Texas Homes
Builder Confidence at 8-Month Low
Nonetheless, the NAHB is expecting a rosier near future. Continue Reading Builder Confidence at 8-Month Low
CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions
CBRE is now projecting a 1.2% increase in revenue per available room growth for 2024. Continue Reading CBRE Adjusts 2024 Hotel Forecast, Citing Economic Conditions
Mortgage Rates Record Slight Uptick
The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. Continue Reading Mortgage Rates Record Slight Uptick
Trump Organization Plans Residential and Retail Project for Florida Golf Resort
The new project, which would carry the Trump brand, is budgeted at costing between $2.5 billion and $3 billion. Continue Reading Trump Organization Plans Residential and Retail Project for Florida Golf Resort
Foreclosure Activity Up During July
Nationwide, one in every 4,414 housing units had a foreclosure filing last month. Continue Reading Foreclosure Activity Up During July
UBS to Close Real Estate Fund Focused on Office Market
The market value of the fund’s assets decreased 12% during the first half of the year. Continue Reading UBS to Close Real Estate Fund Focused on Office Market
SEC Charges Todd Burkhalter and His Firm With $300 Million Real Estate Ponzi Scheme
The complaint also named Jacqueline Burkhalter, Burkhalter’s spouse, and several related entities as relief defendants Continue Reading SEC Charges Todd Burkhalter and His Firm With $300 Million Real Estate Ponzi Scheme
Former DC Housing Authority Director Files Lawsuit, Claiming She Was Harassed Into Resigning
In January 2023, Brenda Donald received a $41,250 bonus – the highest payment provided by her contract. Continue Reading Former DC Housing Authority Director Files Lawsuit, Claiming She Was Harassed Into Resigning
Senior Living Provider LCS Announces Leadership Changes
Chris Bird, LCS’ president and chief operating officer, will succeed Joel Nelson as CEO. Continue Reading Senior Living Provider LCS Announces Leadership Changes
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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