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REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New listings were up 0.8% from October 2024 but were down by 0.5% from September. Continue Reading REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New listings were up 0.8% from October 2024 but were down by 0.5% from September. Continue Reading REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
Rep. Marjorie Taylor Greene (R-GA) has introduced the No Tax on Home Sales Act, which is designed to eliminate the federal capital gains tax on the sale of primary residences. Greene noted the IRS allows an exclusion of up to $250,000 ($500,000 for joint filers) in...
NJ Real Estate Investor Charged in Multimillion-Dollar Ponzi Fraud Scheme
A New Jersey real estate investor who gained a social media following for his house flipping advice was indicted by a federal jury for creating a multimillion-dollar Ponzi-like investment fraud scheme. According to documents filed in this case and statements made in...
Saudi Arabia to Allow Property Ownership by Foreigners
The government of Saudi Arabia has enacted a new law permitting non-Saudis to own property in certain markets across the kingdom. The new law, which goes into effect in January 2026. According to a report in Construction Business News, non-Saudis will be able to...
NEWS & CURRENT EVENTS
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
72% of respondents said it is a bad time to buy a house and 26% say it is a good time. Continue Reading Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
Lennar Opens New 55+ Master-Planned Community in South Carolina
Pricing ranges from the mid $300,000s to low $600,000s. Continue Reading Lennar Opens New 55+ Master-Planned Community in South Carolina
FHFA’s Pulte Reveals North Korean and Chinese Nationals Working in the GSEs
It is unclear how these foreign agents were employed. Continue Reading FHFA’s Pulte Reveals North Korean and Chinese Nationals Working in the GSEs
No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Carrey acquired the property in 1994 for $3.8 million and listed it in February 2023 for nearly $29 million. Continue Reading No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
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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.
United Real Estate Rolls Out Financial Wellness Program
“We are solving longstanding problems for self-employed practitioners,” said Phillip Cantrell, executive vice president for strategy. Continue Reading United Real Estate Rolls Out Financial Wellness Program
Initia Real Estate Opens Third Alberta Location
Initia Real Estate, a full-service brokerage serving Canada and Mexico, announced the opening of a new office in Red Deer, Alberta. The new office is Initia’s third in Alberta – its headquarters is in Edmonton and it also has a presence in Calgary. Initia’s other...
AIDS Healthcare Foundation Cancels $27 Million Purchase of Six LA Properties
The organization said the buildings “would require $14 million to bring them up to a fully habitable state.” Continue Reading AIDS Healthcare Foundation Cancels $27 Million Purchase of Six LA Properties
HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case
The company was the last defendant in the case to agree to a settlement. Continue Reading HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case
Builders Angry Over Biden’s Energy Standards Changes
“This senseless nationwide codes mandate will significantly raise housing costs,” said NAHB Chairman Carl Harris. Continue Reading Builders Angry Over Biden’s Energy Standards Changes
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
Q1 Office Market Sales Down 17%
Washington, D.C., led the nation in sales, with transactions totaling $999 million through the first quarter. Continue Reading Q1 Office Market Sales Down 17%
Rentec Direct Offers App for Rental Property Management
The app also facilitates prompt responses to urgent issues with push notifications for new work orders and text responses. Continue Reading Rentec Direct Offers App for Rental Property Management
Yukon Real Estate Association in Consent Agreement with the Competition Bureau
The YREA will not adopt or enforce residency requirements. Continue Reading Yukon Real Estate Association in Consent Agreement with the Competition Bureau
California Real Estate Broker Sentenced for Embezzlement Scheme
The district attorney’s office froze multiple homes and bank accounts belonging to Pirozzi when the criminal case against him was filed. Continue Reading California Real Estate Broker Sentenced for Embezzlement Scheme
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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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