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Minnesota Real Estate Agent Charged with Multiple Tax Crimes
Kevin Patrick Mullen evaded paying income taxes earned through his business, Ideal Properties and Investments LLC, from 2019 through 2023. Continue Reading Minnesota Real Estate Agent Charged with Multiple Tax Crimes
Minnesota Real Estate Agent Charged with Multiple Tax Crimes
Kevin Patrick Mullen evaded paying income taxes earned through his business, Ideal Properties and Investments LLC, from 2019 through 2023. Continue Reading Minnesota Real Estate Agent Charged with Multiple Tax Crimes
Blackstone Pays $2 Billion for CRE Loans from Atlantic Union
Blackstone (NYSE: BX) is paying $2 billion for the performing commercial real estate (CRE) loans that Atlantic Union Bankshares Corporation (NYSE: AUB) acquired in its $1.6 billion purchase of Sandy Spring Bancorp Inc. in April. According to the companies, the loan...
Virginia Home Sales Remain Flat While Prices Continue to Rise
A total of 10,649 closed home sales were recorded across Virginia in May, a mere 66 fewer than one year ago for a 0.6% decrease. According to Virginia Realtors, the stagnant rate of home sales occurred while inventory growth accelerated. There were 23,137 active...
Mortgage Rates Decline Again
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of June 26, down from last week when it averaged 6.81%. A year ago at this time, it averaged...
NEWS & CURRENT EVENTS
Q1 US Homeownership Rate Down Slightly
The first quarter homeownership rate was highest in the Midwest (69.3%), followed by the South (67.1%), then the Northeast (61.0%) and the West (60.6%). Continue Reading Q1 US Homeownership Rate Down Slightly
Manufactured Housing Market Forecast to Reach $390 Billion by 2034
The forecast noted that Texas, Florida, and California are among the leading states for manufactured home shipments and community development. Continue Reading Manufactured Housing Market Forecast to Reach $390 Billion by 2034
New Data Reports Find Home Prices Rising at Slower Pace
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.9% annual return for February. Continue Reading New Data Reports Find Home Prices Rising at Slower Pace
Phoenix Man Fined by State for Real Estate Investment Fraud
Gary Martin spent investor funds on personal expenses, including the payment of his mother’s rent. Continue Reading Phoenix Man Fined by State for Real Estate Investment Fraud
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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.
Margaritaville to Create Beachfront Condo Development in Panama
Punta Pacifica Realty is the exclusive sales agent for Margaritaville Beach Resort & Residences Playa Caracol. Continue Reading Margaritaville to Create Beachfront Condo Development in Panama
Supreme Court Upholds CFPB Funding Structure
The ruling reversed an appeals court decision that declared the funding structure was unconstitutional. Continue Reading Supreme Court Upholds CFPB Funding Structure
RE/MAX: Spike in New Listings Drive Up April Home Sales
The median sale price increased 2.9% over March to $437,000, which is the highest price in over two years. Continue Reading RE/MAX: Spike in New Listings Drive Up April Home Sales
Canadian Housing Starts Decline, Fueled by Urban Markets
CNHC Chief Economist Bob Dugan predicted “continued downward pressure in these large centers.” Continue Reading Canadian Housing Starts Decline, Fueled by Urban Markets
Single-Family Housing Starts Down Slightly in April
Single‐family housing completions were 15.4% above the revised March rate. Continue Reading Single-Family Housing Starts Down Slightly in April
Las Vegas’ Iconic Mirage Hotel-Casino to Close in July
More than 3,000 employees will be laid off Continue Reading Las Vegas’ Iconic Mirage Hotel-Casino to Close in July
Craig Leslie to Become President of Skyline Retail REIT
Leslie will succeed Gordon Driedger, who was Skyline’s president for the past eight years. Continue Reading Craig Leslie to Become President of Skyline Retail REIT
Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
The residence dates to 1812 and was acquired by lawyer and oil speculator William F. Buckley Sr. in 1923. Continue Reading Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
First RE:Vitalize Real Estate Conference a Success
Attendees of the first in a new series of national real estate agent conferences gave high marks to a content-rich event supported by a wide range of exhibitors. Utah RE:Vitalize was produced by Weekly Real Estate News (WREN). Salt Lake City was the first host city for an event that will travel to three additional cities in 2024. Continue Reading First RE:Vitalize Real Estate Conference a Success
Guest Opinion: All’s Mostly Well in the US Banking System
In response to rising delinquencies, banks have increased loan loss provisions. Continue Reading Guest Opinion: All’s Mostly Well in the US Banking System
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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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