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ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
“This acquisition positions ECGI to bridge the gap between traditional mortgage lending and next-generation financial technology,” said Jamie Steigerwald, president of ECGI Holdings. Continue Reading ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
“This acquisition positions ECGI to bridge the gap between traditional mortgage lending and next-generation financial technology,” said Jamie Steigerwald, president of ECGI Holdings. Continue Reading ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
Single-Family Housing Starts and Permits Down in June
Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
A Florida congresswoman has asked the Department of Justice (DOJ) to investigate whether perjury charges should be brought against Federal Reserve Chairman Jerome Powell in connection to the cost overruns on the renovations being undertaken at the central bank’s...
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
NEWS & CURRENT EVENTS
Luxury Home Prices Rise While Pending Sales Activity Slows
In comparison, non-luxury home prices grew 4.1% to a record high median of $374,598. Continue Reading Luxury Home Prices Rise While Pending Sales Activity Slows
California Developer Charged by DOJ and SEC with Defrauding Investors
The DOJ stated that a federal grand jury charged Kenneth W. Mattson with wire fraud, money laundering, and obstruction of justice. Continue Reading California Developer Charged by DOJ and SEC with Defrauding Investors
New Reports Highlight Best Cities for New College Graduates and for Raising Families
Fremont, California, was picked by WalletHub as the best city for families. Continue Reading New Reports Highlight Best Cities for New College Graduates and for Raising Families
FHFA’s Pulte Calls on Powell to Lower Rates
It is extremely uncommon for the leader of a regulatory agency to openly criticize the work of the central bank leader. Continue Reading FHFA’s Pulte Calls on Powell to Lower Rates
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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.
Guest Opinion: The Potential Future of Realtor Associations
Leaders must be vigilant; continuously scanning the horizon for emerging trends and potential disruptions. Continue Reading Guest Opinion: The Potential Future of Realtor Associations
Sales Tumble, Prices Moderate in Florida’s Housing Market
In the second quarter, Florida’s single-family median sales price was $428,000, up 2.4% compared to the same quarter in 2023. Continue Reading Sales Tumble, Prices Moderate in Florida’s Housing Market
New York State Median Home Sales Price Hits Record High
As prices spiked, closed sales tumbled to 8,630 homes, down 17.4% year-over-year. Continue Reading New York State Median Home Sales Price Hits Record High
$7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center
The housing element of the plan could encompass “various unit sizes and includes affordable, market rate and luxury.” Continue Reading $7 Billion Mixed-Use Development Plan Unveiled Around Chicago’s United Center
OUCH! Existing Home Sales Sink to Six-Month Low
The median existing-home price for all housing types in June was $426,900, an all-time high. Continue Reading OUCH! Existing Home Sales Sink to Six-Month Low
Prudent Growth Partners Buys Florida Shopping Center for $8 Million
Built in 2007, the property is located within a retail corridor in Miramar Beach just off Emerald Coast Parkway. Continue Reading Prudent Growth Partners Buys Florida Shopping Center for $8 Million
Housing Purchase Deals Being Canceled at Record Rate
Home prices only rose by a relatively scant 0.2% in June, the smallest month-over-month increase since January 2023. Continue Reading Housing Purchase Deals Being Canceled at Record Rate
Fannie Mae: Home Price Growth to Moderate as Listings Expand
“The housing market continues to wait for affordability to improve, even as the supply of new and existing homes for sale slowly rises,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae: Home Price Growth to Moderate as Listings Expand
Pretium Raises $1.5 Billion with Sixth Single-Family Housing Fund
Since 2020, Pretium has invested more than $2.62 billion toward new build-to-rent construction. Continue Reading Pretium Raises $1.5 Billion with Sixth Single-Family Housing Fund
Trump Seeks Reduction or Dismissal of $454 Million Judgment in Real Estate Valuation Fraud Case
A statement issued by the office of New York Attorney General Letitia James was dismissive of the appeal. Continue Reading Trump Seeks Reduction or Dismissal of $454 Million Judgment in Real Estate Valuation Fraud Case
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