Featured Real Estate News
Apartment Rents Up Slightly in March
Apartment rents inched up slightly in March with the national average rising to $1,723, a 0.2% uptick from February’s upwardly revised level of $1,719. According to Apartments.com, an online marketplace of CoStar Group (NASDAQ: CSGP), February marked the fourth...
Apartment Rents Up Slightly in March
On an annual basis, rent growth eased slightly to 0.4% in March, down from 0.5% in February and from 1.5% one year earlier. Continue Reading Apartment Rents Up Slightly in March
Two Harbors Receives Unsolicited Acquisition Bid That Would Cancel Merger with UWM
Two Harbors Investment Corp. (NYSE: TWO), a New York City-based mortgage servicing rights-focused REIT, announced that its board of directors received an unsolicited proposal to acquire all outstanding shares of the company’s common stock for $10.70 per share in cash....
Report: New Stadium Proposed for Chicago White Sox
While the Chicago Bears prepare to exit their hometown after failing to secure a deal for a new stadium in the city, the Chicago White Sox may soon be getting a new local stadium. Crain’s Chicago Business reports that a group led by private equity investor Justin...
Compass Drops Lawsuit Against Zillow
Compass Inc., d/b/a Compass International Holdings (NYSE: COMP), announced it is dropping its lawsuit against Zillow Group (NASDAQ: Z, ZG) after the Seattle-based brokerage announce it will drop its ban on home sellers and their real estate representatives for...
News & Current Events
Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
The company said Cutsey’s departure will enable him “to turn his attention to the next chapter of his career.” Continue Reading Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
Federal Reserve Maintains Rate Range
Only Fed Gov. Stephen Miran dissented, with a call for a quarter-percentage point rate cut. Continue Reading Federal Reserve Maintains Rate Range
eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
“If a home is being marketed to the public, consumers deserve the opportunity to see it,” said Leo Pareja, CEO of eXp Realty. Continue Reading eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
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Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors
The governor’s office added the proposal is Michigan’s largest property tax break in over a decade. Continue Reading Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors
Chinese Owners of NYC’s Waldorf Astoria to Sell Property Months After Multibillion-Dollar Renovation
The property’s eight-year, $4 billion overhaul was five years behind schedule and more than $1 billion over budget. Continue Reading Chinese Owners of NYC’s Waldorf Astoria to Sell Property Months After Multibillion-Dollar Renovation
Sen Elizabeth Warren: Trump’s Attacks on the CFPB Cost Consumers $19 Billion
“Donald Trump promised to lower costs for Americans ‘On Day One.’” Warren said. Continue Reading Sen Elizabeth Warren: Trump’s Attacks on the CFPB Cost Consumers $19 Billion
Foreclosure Activity Rises Annually for Eleventh Straight Month
Across the nation, one in every 3,547 housing units had a foreclosure filing in January. Continue Reading Foreclosure Activity Rises Annually for Eleventh Straight Month
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
The bill has been referred to the House Committee on Ways and Means for consideration. Continue Reading New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
Ground Broken on New Mixed-Use Development in Ottawa
The project will also feature ground-floor retail and public spaces designed to support a pedestrian-oriented environment. Continue Reading Ground Broken on New Mixed-Use Development in Ottawa
New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Only 21 New Jersey towns recorded no change or a decrease in their property tax bills. Continue Reading New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Homeowner Affordability Improves Slightly in California
More California households (28%) could afford a typical condo/townhome in the fourth quarter, rising from 27% in the prior quarter and from 25% one year before. Continue Reading Homeowner Affordability Improves Slightly in California
Mortgage Application Activity Remains Flat as Credit Availability Increases
The FHA share of total applications increased to 18.4% from 17.8% the week prior. Continue Reading Mortgage Application Activity Remains Flat as Credit Availability Increases