Featured Real Estate News
Report: San Francisco’s Iconic Transamerica Pyramid to Be Sold
The Transamerica Pyramid, one of the most iconic buildings in the San Francisco skyline, is being sold for the second time in six years. The San Francisco Chronicle reports the 48-story property, which occupies a full city block, was sold to Yoda plc, an investment...
Report: San Francisco’s Iconic Transamerica Pyramid to Be Sold
The deal has yet to be finalized and sale price was not disclosed. Continue Reading Report: San Francisco’s Iconic Transamerica Pyramid to Be Sold
NJ Governor Intervenes to Stop Eminent Domain Seizure of 175-Year-Old Family Farm
A 175-year-old family-owned farm in Cranbury, New Jersey, that was threatened with eminent domain seizure by township officials eager to use the land for affordable housing was spared from takeover after Gov. Phil Murphy intervened in the case. In a statement, the...
Phishing Emails Targeting NAMB Members
The National Association of Mortgage Brokers (NAMB) has warned its membership to be on the alert for phishing emails that were crafted to look like official messaging from the organization. NAMB noted the emails came from the @vk.com domain with urgent messaging that...
Minnesota Real Estate Agent Charged with Multiple Tax Crimes
The Minnesota Department of Revenue announced the Hennepin County Attorney’s Office has charged Wayzata-based real estate agent Kevin Patrick Mullen with five felony counts of failing to file individual income tax returns and five felony counts of willfully failing to...
News & Current Events
The Top Luxury Housing Market Is…Detroit?
Within Detroit, the entry level into the top 10% in that market’s luxury housing sector is $721,625. Continue Reading The Top Luxury Housing Market Is…Detroit?
New Luxury Rental Community Planned for Las Vegas
The property is based 15 minutes south of the Las Vegas Strip and delivery of the first residences is estimated for mid-year 2027. Continue Reading New Luxury Rental Community Planned for Las Vegas
Hits and Misses for the Real Estate Week of Oct. 20-24
A Manhattan luxury tower is falling apart, Jamie Dimon is going to the Smithsonian, and who’s photographing the East Wing demolition? Continue Reading Hits and Misses for the Real Estate Week of Oct. 20-24
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Exclusive News
Wendy’s to Close 140 Restaurants
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
New Fund Focuses on BTR Communities in Opportunity Zones
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns,” said Jeff Feinstein, managing partner at Pinnacle Partners. Continue Reading New Fund Focuses on BTR Communities in Opportunity Zones
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Pallotta previously ran for New Jersey’s 5th Congressional District in 2020 and 2022. Continue Reading Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year