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Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators have introduced legislation designed to address the potential for systemic bias in the home appraisal process. The Appraisal Modernization Act would require the Federal Housing Finance Agency to publish an online database of property-level...
Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor
Utah Gov. Spencer J. Cox announced his administration has stopped an attempted land acquisition near Provo Airport by Cirrus Aircraft, a company that is majority-owned by the defense contractor Aviation Industry Corporation of China (AVIC). A 2023 Utah law prevents...
New Bipartisan Bill Seeks Government Support for ADU Construction
A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
NEWS & CURRENT EVENTS
CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025
Looking ahead, CBRE projects RevPAR growth in the range of 1.0% to 3.0% over the next few years. Continue Reading CBRE Forecasts Modest RevPAR Growth for US Hotels in 2025
Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
The home last changed hands in 2003 for $2.2 million. Continue Reading Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
For homes that sold for $1 million or more in the first quarter, Redfin found the average buyer’s agent commission was 2.17%. Continue Reading Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
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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.
Nearly Empty Connecticut Mall Being Proposed as New Mixed-Use Complex
The new complex would include two hotels, multifamily housing, several restaurants and 165,000 square feet of retail. Continue Reading Nearly Empty Connecticut Mall Being Proposed as New Mixed-Use Complex
Bank of America Buys Multifamily Loan Portfolio from Washington Federal Bank
The 2,000-loan portfolio is being sold for $2.9 billion. Continue Reading Bank of America Buys Multifamily Loan Portfolio from Washington Federal Bank
Kendrick Lamar Drops $40 Million for Los Angeles Estate
The seller acquired the property in 2019 for $19.5 million. Continue Reading Kendrick Lamar Drops $40 Million for Los Angeles Estate
Hits and Misses for the Real Estate Week of May 13-17
Questioning Biden’s homebuyer tax credit, growing consumer delinquencies and a new movie epic with a commercial property story. Continue Reading Hits and Misses for the Real Estate Week of May 13-17
California Median Home Prices Soar Past $900K Level to New Record High
Sales in the $1 million-and-higher market segment surged 39.8% year-over-year in April. Continue Reading California Median Home Prices Soar Past $900K Level to New Record High
Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Both firms will operate under the Stratmor brand. Continue Reading Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Canada’s Odd Burger Signs Florida Franchise Agreement for 40 Locations
The agreement was signed with StarMatt Corporation, a Florida-based real estate and franchise development company. Continue Reading Canada’s Odd Burger Signs Florida Franchise Agreement for 40 Locations
Kristie Arnst Promoted to EVP at Buckingham Companies
Arnst joined Buckingham Companies in September 2020 and most recently served as senior vice president. Continue Reading Kristie Arnst Promoted to EVP at Buckingham Companies
Start-Up to Offer Healthcare Real Estate Investments to Individual Investors
The new firm will initially focus on Section 1031 exchange offerings. Continue Reading Start-Up to Offer Healthcare Real Estate Investments to Individual Investors
Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
Horton served as the company’s chairman since it was formed in July 1991. Continue Reading Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
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