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Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Report: Large Banks Originating More ARMs
Adjustable-rate mortgages (ARMs) have gained in popularity among borrowers seeking home loans from large banks, according to a new data report from the Federal Reserve Bank of Philadelphia. Conventional ARMs accounted for 25.1% of large bank first mortgage...
Mortgage Rates Record New Uptick
After five weeks in decline, mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of July 10, up from last week when it averaged 6.67%. A year ago at this...
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Here is some news that will not inspire optimism at Airbnb (NASDAQ: ABNB) – a new survey nearly half (49%) of Americans feel short-term rentals should be banned entirely in residential areas. The survey of 1,000 adults conducted by Clever Real Estate’s Anytime...
NEWS & CURRENT EVENTS
Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments
The lawsuit alleges three causes of action: defamation, intentional infliction of emotional distress, and prima facie tort. Continue Reading Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Redfin blamed the slowing of multifamily construction on a combination of flattening rents and higher borrowing costs. Continue Reading Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property
CBRE has been hired to market the roughly 500-acre property for sale. Continue Reading Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property
Century Communities Unveils New Atlanta-Area Community
The new community will feature nearly 100 single-family homes priced from the low $300,000s. Continue Reading Century Communities Unveils New Atlanta-Area Community
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
McDonald’s Buys Back All Franchise Locations in Israel
McDonald’s Corporation (NYSE:MCD) announced it has been signed an agreement with Omri Padan, owner and CEO of Alonyal Limited, to buy back all 225 franchise locations in Israel owned by Alonyal. Upon completion of the transaction, McDonald’s Corporation will own...
Discount Retailer 99 Cents Only Stores to Close All 371 Locations
The company operates retail locations in in Arizona, California, Nevada, and Texas. Continue Reading Discount Retailer 99 Cents Only Stores to Close All 371 Locations
Zillow: Half of 2023’s Homebuyers Were First-Timers
Last year’s figure represented the highest share in the report’s six-year history and is up from a low of 37% in 2021. Continue Reading Zillow: Half of 2023’s Homebuyers Were First-Timers
Tech Trends: A Quartet of Updated Offerings
This week’s offerings can help locate lost phone and screen for tenants with pets. Continue Reading Tech Trends: A Quartet of Updated Offerings
Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman
Pershing Square Partner Ben Hakim is being nominated to replace Ackman on the board. Continue Reading Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman
Garry Marsoubian Appointed CEO at MLS Now
Marsoubian previously held executive positions at Greater Tulsa MLS and Bright MLS. Continue Reading Garry Marsoubian Appointed CEO at MLS Now
KeyBank in New Partnership to Increase Investment in Underserved Communities
KeyBank will provide $17 million to fund grants, down payment assistance, fee waivers, product and branch expansion and marketing. Continue Reading KeyBank in New Partnership to Increase Investment in Underserved Communities
Mortgage Rates Still Hovering Near the 7% Level
“We do not expect rates will decrease meaningfully in the near-term,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Still Hovering Near the 7% Level
Northeast and Midwest Lead the Nation with Highest Property Taxes
The average tax on single-family homes in the U.S. increased last year by 4.1% to $4,062. Continue Reading Northeast and Midwest Lead the Nation with Highest Property Taxes
Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
While Hunterbrook shorted UWM, it simultaneously took a long position on its biggest competitor, Rocket Companies Inc. Continue Reading Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
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