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Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Home Sale Profits Up Slightly During Q2
The typical seller made a 50% profit selling single-family homes and condos during the second quarter of the year, according to new data from ATTOM. The second quarter figure marked a slight increase from the 48.9% national median profit margin posted in the first...
Fannie Mae Sued for Discrimination by Over 60 Former Employees
More than 60 former employees of Fannie Mae (OTCQB; FNMA), all of whom are US citizens of Indian nationality, have filed a lawsuit in federal court accusing the government-sponsored enterprise of discrimination. The lawsuit stated the plaintiffs learned of their...
Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Chicago Mayor Brandon Johnson is downplaying comments made by his chief financial officer (CFO) that the city could raise property taxes to fill its $1 billion budget deficit. WLS.com reports CFO Jill Jaworski told a Bloomberg that a property tax increase was a...
NEWS & CURRENT EVENTS
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
New York Real Estate Broker Arrested for Forgery and Identity Theft
An investigation found Jean Maloney forged the business owner’s signature on a real estate sale contract for a property owned by the business. Continue Reading New York Real Estate Broker Arrested for Forgery and Identity Theft
Penn State to Close 7 Campuses
The board voted 25 to 8 to close the DuBois, Fayette, Mont Alto, New Kensington, Shenango Wilkes-Barre and York campuses. Continue Reading Penn State to Close 7 Campuses
Home Sales and Prices Down in Florida
The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year. Continue Reading Home Sales and Prices Down in Florida
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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Mortgage Application Activity Continues to Drag
The Market Composite Index was down by 5.2% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity Continues to Drag
Bank of Canada Announces First Rate Cut in 4 Years
The central bank said its “monetary policy no longer needs to be as restrictive.” Continue Reading Bank of Canada Announces First Rate Cut in 4 Years
Vancouver Home Sales Slump Despite Spike in Inventory
The total number of properties currently listed for sale is 13,600, a 46.3% increase from one year before. Continue Reading Vancouver Home Sales Slump Despite Spike in Inventory
Detroit’s Largest Residence Goes to Auction After a Year on the Market
Bishop Mansion encompassed 12 bedrooms, 11 bathrooms and multiple fireplaces. Continue Reading Detroit’s Largest Residence Goes to Auction After a Year on the Market
Home Management Solutions Fixle Acquires EasyHome
The terms of the deal were an all-equity transaction. Continue Reading Home Management Solutions Fixle Acquires EasyHome
NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
The archdiocese owned the property for more than 50 years. Continue Reading NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio
The school owns nine properties encompassing nearly 600,000 square feet of downtown real estate. Continue Reading Philadelphia School’s Closure Creates Uncertainty Over Property Portfolio
CoreLogic: Home Price Appreciation is Cooling
Looking ahead to next year, CoreLogic’s forecast predicted annual home price gains relaxing to 3.4% in April 2025. Continue Reading CoreLogic: Home Price Appreciation is Cooling
MBA: Q1 Commercial Mortgage Delinquencies on the Rise
Banks and thrifts recorded a 1.03% delinquency rate. Continue Reading MBA: Q1 Commercial Mortgage Delinquencies on the Rise
College of Charleston to Create Endowed Professorship for Commercial Real Estate
Since 2018, the number of declared commercial real estate finance majors has grown from 33 to 190. Continue Reading College of Charleston to Create Endowed Professorship for Commercial Real 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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