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Ohio Lawmaker Proposes Replacing Local Property Taxes with a Statewide Tax
Local school property taxes would be replaced by a single statewide 20-mill property tax and a 1.75% sales tax increase. Continue Reading Ohio Lawmaker Proposes Replacing Local Property Taxes with a Statewide Tax
Ohio Lawmaker Proposes Replacing Local Property Taxes with a Statewide Tax
Local school property taxes would be replaced by a single statewide 20-mill property tax and a 1.75% sales tax increase. Continue Reading Ohio Lawmaker Proposes Replacing Local Property Taxes with a Statewide Tax
Trump Tells Congress to Pressure ‘Very Dumb, Hardheaded’ Powell Over Rate Policy
President Donald Trump called on Congress puts pressure on the “very dumb, hardheaded” Federal Reserve Chair Jerome Powell during the central bank’s appearance today before the House Financial Services Committee and tomorrow before the Senate Banking Committee....
Florida Records Declines in Home Sales and Prices
Florida recorded 24,756 closed sales of existing single-family homes in May, down 5.7% year-over-year, while existing condo-townhouse sales totaled 8,345, down 19.9% over the same period. According to data from Florida Realtors, these declines occurred despite an...
New York State Home Sales Down 11% Despite Increase in Listings
Closed home sales in New York State totaled 7,846 during May, a 10.9% decline from the 8,807 sales recorded in May 2024. According to data from the New York State Association of Realtors, pending sales dropped to 10,279 units last month from 10,421 homes one year...
NEWS & CURRENT EVENTS
CRMLS Rejects NAR’s Delayed Marketing Policy
“It’s time to stop unnecessarily changing up the rules and to let agents and brokers get back to work,” said CRMLS. Continue Reading CRMLS Rejects NAR’s Delayed Marketing Policy
Mortgage Application Activity Stumbles by 12.7%
The seasonally adjusted Purchase Index decreased 7% from one week earlier. Continue Reading Mortgage Application Activity Stumbles by 12.7%
The Agency Opens Ninth Office in Mexico
The Agency Valle de Bravo will be led by Managing Partner Ricardo Umansky and Managing Director Alex Cuttler. Continue Reading The Agency Opens Ninth Office in Mexico
Milbank LLP Adds New Partner in Real Estate Group
Alex Meirowitz joins Milbank from Gibson, Dunn & Crutcher LLP, where he was a partner in the Real Estate Group. Continue Reading Milbank LLP Adds New Partner in Real Estate Group
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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.
CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
The office delinquency rate spiked by 80 basis points to 7.38%. Continue Reading CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
Federal Reserve Keeps Rates Unchanged
The rate has been kept at that level since last July. Continue Reading Federal Reserve Keeps Rates Unchanged
Blackstone Completes Acquisition of Toronto’s Tricon Residential
“This transaction marks an exciting new chapter in Tricon’s history,” said Gary Berman, president and CEO of Tricon. Continue Reading Blackstone Completes Acquisition of Toronto’s Tricon Residential
JoAnn Blaylock Named President of Birchstone Residential
Blaylock was previously president of Quarterra Living, the property management arm of Lennar Corporation’s multifamily division. Continue Reading JoAnn Blaylock Named President of Birchstone Residential
Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
The fund will focus on acquiring and enhancing multifamily properties ranging from 20 to 50 units. Continue Reading Realtex Debuts Seed Fund Aimed at Multifamily Opportunities
Colorado Real Estate Agent Sentenced for $1 Million Investor Scam
Brett Lamperes to pay more than $1 million in restitution to 14 victims. Continue Reading Colorado Real Estate Agent Sentenced for $1 Million Investor Scam
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Rising Housing Prices Force Adult Kids to Move Back with Parents
46% of parents said their adult children returned home to live with them at some point. Continue Reading Rising Housing Prices Force Adult Kids to Move Back with Parents
New Housing Department Proposed for North Carolina
The bill also seeks the finance the new agency with $30 million in recurring funds starting with the 2024-25 fiscal year. Continue Reading New Housing Department Proposed for North Carolina
Village Premier Collection Joins The Real Brokerage’s Private Label Program
The Atlanta-based Village Premier brings $665 million in annual home sales. Continue Reading Village Premier Collection Joins The Real Brokerage’s Private Label Program
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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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