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Plymouth Industrial REIT Acquired by Joint Venture for $2.1 Billion
“This all-cash transaction will deliver significant, immediate and certain value to Plymouth shareholders,” said Jeff Witherell, CEO and co-founder of Plymouth. Continue Reading Plymouth Industrial REIT Acquired by Joint Venture for $2.1 Billion
Plymouth Industrial REIT Acquired by Joint Venture for $2.1 Billion
“This all-cash transaction will deliver significant, immediate and certain value to Plymouth shareholders,” said Jeff Witherell, CEO and co-founder of Plymouth. Continue Reading Plymouth Industrial REIT Acquired by Joint Venture for $2.1 Billion
Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
The decision by Federal Housing Finance Agency (FHFA) Director Bill Pulte to explore the viability of incorporating cryptocurrencies into the secondary mortgage market received a major vote of approval from high-profile investor Cathie Wood, CEO of Ark Invest. Last...
Doron Netanel Named CEO at Commodore Construction
Commodore Construction has announced the appointment of Doron Netanel as its new CEO. In his new role, Netanel will be responsible for overseeing the Mount Vernon, New York-based company’s current operations, strategic growth initiatives and its expanding pipeline of...
Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
Real estate agents in the Australian state of New South Wales (NSW) could soon be required to disclose if the photographs used in their rental listings were digitally manipulated using artificial intelligence (AI). According to combined media reports, the new law was...
NEWS & CURRENT EVENTS
Mortgage Rates Continue Their Decline
The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. Continue Reading Mortgage Rates Continue Their Decline
Century 21 in New Partnership with The Institute for Luxury Home Marketing
The new partners have launched a co-branded quarterly report that provides market data on the luxury home market. Continue Reading Century 21 in New Partnership with The Institute for Luxury Home Marketing
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Five of the 10 markets with the highest required incomes to afford a home are in California. Continue Reading Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Florida Real Estate Broker Sentenced in Bank Fraud Case
Maria Del Carmen Montes was indicted in August 2022 and pleaded guilty in January 2024 to three counts of bank fraud. Continue Reading Florida Real Estate Broker Sentenced in Bank Fraud Case
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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.
Mortgage Rates Drop Below 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.57%. Continue Reading Mortgage Rates Drop Below 7%
Home Sales Tumble While Median Prices Set a New Record
Sales of new single-family houses during April were at a seasonally adjusted annual rate of 634,000. Continue Reading Home Sales Tumble While Median Prices Set a New Record
Report: Vermont Leads US for Mortgage Delinquencies
Vermont’s eastern neighbor, New Hampshire, recorded the lowest level of mortgage delinquencies. Continue Reading Report: Vermont Leads US for Mortgage Delinquencies
The Real Brokerage Launches Luxury Division
Real Luxury agents are expected to earn CLHMS designation. Continue Reading The Real Brokerage Launches Luxury Division
TikTok Influencer Launches Real Estate Cooperative
MCU raised more than $2 million and attracted 5,000 members within the first 24 hours of its launch. Continue Reading TikTok Influencer Launches Real Estate Cooperative
Fidelity National Financial Creates Chief Artificial Intelligence Officer Role
Jason Nadeau joined the company in 2018 as chief digital officer. Continue Reading Fidelity National Financial Creates Chief Artificial Intelligence Officer Role
Developer Donates $10 Million for Real Estate Program at NC State University
Peter Pappas developed more than 3 million square feet of property in the Charlotte metro area. Continue Reading Developer Donates $10 Million for Real Estate Program at NC State University
New Commercial Real Estate Platform Connects National Retailers with Rural Markets
CUSCO will target markets in the South, Southeast and Midwest. Continue Reading New Commercial Real Estate Platform Connects National Retailers with Rural Markets
Sales Remain Strong in Florida’s Housing Market
The statewide median sales price for single-family existing homes was $429,900, up 4.9% year-over-year. Continue Reading Sales Remain Strong in Florida’s Housing Market
New York State Home Sales Enjoy Rare Uptick in April
This is only the second time in the last 32 months when closed sales have risen in year-over-year comparisons. Continue Reading New York State Home Sales Enjoy Rare Uptick in April
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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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