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Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Rental Housing Developer Sunstone Two Tree Opens Phoenix Office
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets, announced that it has opened an office in Phoenix. Based in The Promenade office park in North Scottsdale, the new space will support the company's operations in the...
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Pending Home Sales Down During June
Pending home sales in June were down by 0.8% from the prior month and were also down 2.8% year-over-year, according to the National Association of Realtors (NAR). Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. The Northeast...
NEWS & CURRENT EVENTS
6-Unit Connecticut Multifamily Property Sells for $2 Million
Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the transaction. Continue Reading 6-Unit Connecticut Multifamily Property Sells for $2 Million
Egypt Unveils Plans for New City
Egyptian Prime Minister Moustafa Madbouli declared the project to be “an urban and development revolution” that will create 250,000 jobs. Continue Reading Egypt Unveils Plans for New City
Hits and Misses for the Real Estate Week of May 26-30
This week’s Hits and Misses include Gov. Ron DeSantis and Kim Reynolds, former Vice President Kamala Harris, and NAR’s newest executives. Continue Reading Hits and Misses for the Real Estate Week of May 26-30
CMBS Delinquency Rate Up by 5 Basis Points in May
The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. Continue Reading CMBS Delinquency Rate Up by 5 Basis Points in May
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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.
Listing Recommends Buyers Bring a Hazmat Suit for House Tour
There is honesty, and then there is brutal honesty, and then there is Ash Swarts, a sales consultant with Australia’s O’Neil Real Estate who authored a listing for a home in the Perth suburb of Kelmscott. According to the Daily Mail, Swarts’ listing acknowledged the...
Upstate NY Island with Celebrity Past Listed for Nearly $3 Million
The property was once owned by actress/model Brooke Shields. Continue Reading Upstate NY Island with Celebrity Past Listed for Nearly $3 Million
Hotel Void to Be Filled in Connecticut’s Largest City
Bridgeport’s last hotel, a Holiday Inn, closed in January 2022. Continue Reading Hotel Void to Be Filled in Connecticut’s Largest City
RE/MAX: Increased Inventory and New Listings Help Fuel Rising Home Sales
The number of newly listed homes was up 5.3% from April and was 15.1% compared to May 2023. Continue Reading RE/MAX: Increased Inventory and New Listings Help Fuel Rising Home Sales
San Jose to Allow Homeowners to Sell ADUs
San Jose’s ADU sales will begin on July 18. Continue Reading San Jose to Allow Homeowners to Sell ADUs
Douglas Elliman Released from Batton 2 Lawsuit
Howard Hanna and HomeServices of America were previously voluntarily dismissed from the two Batton homebuyer commission lawsuits. Continue Reading Douglas Elliman Released from Batton 2 Lawsuit
Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
Mester is stepping down from the Cleveland Fed on June 30. Continue Reading Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
The average loan size for new homes decreased from $405,490 in April to $400,150 in May. Continue Reading MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
Chris Black Named CFO at Inside Real Estate
Black has more than two decades of CFO experience. Continue Reading Chris Black Named CFO at Inside Real Estate
Chris Pratt Slashes Price on Pacific Palisades Estate
Pratt’s residence was featured on the Netflix series “Get Organized with the Home Edit.” Continue Reading Chris Pratt Slashes Price on Pacific Palisades Estate
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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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