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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
John Hancock’s Boston Home Listed for Sale
The Boston home of John Hancock – yes, the guy with the funky signature on the Declaration of Independence – has been listed for sale. The three-story, 5,748-square-foot property, which is listed on the National Register of Historic Places, is being promoted by the...
Foreclosure Activity Rises During First Half of the Year
A total of 187,659 residential properties carried foreclosure filings in the first six months of the year, according to new data from ATTOM. This represents a 5.8% increase from the same time-period in 2024 and up 1.1% from the same period in 2023. The states that...
Kentucky Home Sales Up During June
A total of 4,612 listings were sold in Kentucky during June, a 2.68% uptick from May and a 10.1% spike from June 2024. According to data from Kentucky Realtors, the state offered 6,481 listings in June, down by 4.19% from the previous month but also up 8.3% from one...
NEWS & CURRENT EVENTS
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
The buildings’ construction will be funded by G42 while the data center will be operated by OpenAI and the tech company Oracle. Continue Reading OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing
FHLBank Chicago has already committed more than $110 million in community investment support in 2024. Continue Reading FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing
Century Communities Revives Online Homebuying Sales Event
Among the benefits of the event are discounts of up to 25% off rates with competitive financing and rate lock programs. Continue Reading Century Communities Revives Online Homebuying Sales Event
Report: Biden to Unveil New Rent Control Proposal
Biden’s proposal would remove a tax benefit from landlords who increase their tenants’ rent more than 5% each year. Continue Reading Report: Biden to Unveil New Rent Control Proposal
43-Year-Old Realtor Becomes Viral Hit Thanks to Video Edited by Gen Z Employee
The unlikely editing to the video is part of an online trend called “Letting Gen Z Edit My Videos.” Continue Reading 43-Year-Old Realtor Becomes Viral Hit Thanks to Video Edited by Gen Z Employee
Four MLSs in Florida Launch Coast 2 Coast MLS Data Share
A fifth group, the Hernando County Association of Realtors, will join the data share towards the end of 2024. Continue Reading Four MLSs in Florida Launch Coast 2 Coast MLS Data Share
Survey: Two-Thirds of Americans Admit to Hiding from Their Neighbors
The survey found that men are more likely to interact with neighbors than women. Continue Reading Survey: Two-Thirds of Americans Admit to Hiding from Their Neighbors
Guest Opinion: Thriving as an Agent in a Dynamic Landscape
Remember, the real estate industry is about more than just transactions. Continue Reading Guest Opinion: Thriving as an Agent in a Dynamic Landscape
Elon Musk Seeks to Sublease X’s San Francisco Headquarters
JLL will market roughly 460,000 square feet of X’s office space at 1355 Market St. Continue Reading Elon Musk Seeks to Sublease X’s San Francisco Headquarters
Euclid Mortgage Creates Mortgage Advisory Panel
Andrew Bon Salle, Claudia Merkle and Ivy Zelman were named to the panel. Continue Reading Euclid Mortgage Creates Mortgage Advisory Panel
Steve Jobs’ Widow Breaks San Francisco Record with $70 Million Home Purchase
Laurene Powell Jobs paid approximately $70 million to acquire a four-story, 17,300-square-foot mansion in the Pacific Heights section. Continue Reading Steve Jobs’ Widow Breaks San Francisco Record with $70 Million Home Purchase
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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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