Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Michigan House Speaker Proposes $4.7 Billion Tax on Higher-Income Services to Replace Property Taxes
Michigan House Speaker Matt Hall (R-Richland Township) has proposed a nearly $5 billion per year property tax relief package that will be paid by a new, limited 6% sales tax on select services most used by tourists and high-income residents. WLNS reports Hall called...
Century Communities to Begin Sales at New South Carolina Townhome Community
The homebuilder Century Communities Inc. (NYSE: CCS) announced it will soon begin selling residences at its latest project, Ellison Townhomes in Spartanburg, South Carolina. The new townhome community will offer 1,402-square-foot residences with three bedrooms and an...
Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
President Trump announced that his administration has extracted a pledge from the technology companies behind the data center construction surge that they need to provide their own power for these facilities. During last night’s State of the Union address, the...
News & Current Events
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat
Kentucky Home Sales Drop Amid Spike in New Listings
“Despite being in the middle of real estate’s slower season, now is still a great time to buy in Kentucky,” said Kentucky Realtors CEO Josh Summers. Continue Reading Kentucky Home Sales Drop Amid Spike in New Listings
DDB Capital to Create 52-Acre Residential Community in Alabama
The first home sales are anticipated in the fourth quarter of this year. Continue Reading DDB Capital to Create 52-Acre Residential Community in Alabama
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Exclusive News
Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Once listed at $4 million, it is back for sale at $400,000. Continue Reading Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Hits and Misses for the Real Estate Week of Feb. 2-6
A baseball team gets evicted from its stadium, a five-year-old lawsuit is settled, and a pizza chain loses 250 stores. Continue Reading Hits and Misses for the Real Estate Week of Feb. 2-6
Report: White House Considers Antitrust Investigation of Homebuilders
President Trump and Federal Housing Finance Agency Director Bill Pulte called out builders for not creating enough new housing. Continue Reading Report: White House Considers Antitrust Investigation of Homebuilders
Tennessee Titans Donate $250,000 for Emergency Winter Housing Assistance Program
The program is designed to help Nashville-area residents who are unable to cover their housing payments due to hardships caused by Winter Storm Fern. Continue Reading Tennessee Titans Donate $250,000 for Emergency Winter Housing Assistance Program
Northrop Realty Expands into Florida Luxury Market
“Naples is a market defined by sophistication, lifestyle, and enduring value,” said Creig Northrop, CEO of Northrop Realty. Continue Reading Northrop Realty Expands into Florida Luxury Market
Report: Trump Offered to Unfreeze Infrastructure Funds if Penn Station and Dulles Airport Were Renamed for Him
The White House has frozen the $16 billion in funds allocated for the Gateway Tunnel Project connecting New York to New Jersey. Continue Reading Report: Trump Offered to Unfreeze Infrastructure Funds if Penn Station and Dulles Airport Were Renamed for Him