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Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Realtor.ca Canada Launches CEO Recruitment Process
Realtor.ca Canada Inc. has begun a search process for a CEO. This search will be led by The Leadership Agency, a Toronto-based executive recruitment firm, and the organization said in a statement it was “seeking dynamic candidates who are passionate about building on...
Citigroup to Create $16.1 Million Office Facility in Charlotte
Citigroup (NYSE: C) has announced plans to invest $16.1 million in a new office facility in Charlotte, North Carolina. Reuters reports the banking giant opens is aiming to create 510 new jobs at the facility that will focus on personal banking, finance, and marketing....
Compass Acquires Colorado’s PorchLight Real Estate Group
Compass Inc. (NYSE: COMP) has announced its acquisition of PorchLight Real Estate Group, a Colorado-based brokerage. Founded in 2005 by Amy Bayer and Carol Bayer, PorchLight serves the Denver and Boulder markets. In 2024 alone, the brokerage closed $922.3 million in...
NEWS & CURRENT EVENTS
Connecticut Siblings Charged in Unclaimed Property Fraud Scams
Henry J. White Jr, age 75, and Patricia A. White, age 69, live in the affluent town of Old Greenwich, Connecticu.t Continue Reading Connecticut Siblings Charged in Unclaimed Property Fraud Scams
Mortgage Rates Continue Their Decline
The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. Continue Reading Mortgage Rates Continue Their Decline
Century 21 in New Partnership with The Institute for Luxury Home Marketing
The new partners have launched a co-branded quarterly report that provides market data on the luxury home market. Continue Reading Century 21 in New Partnership with The Institute for Luxury Home Marketing
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Five of the 10 markets with the highest required incomes to afford a home are in California. Continue Reading Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
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Person of the Week: David Druey, Florida Regional President at Centennial Bank
Our Person of the Week spotlight is focused on the Sunshine State as we discuss Florida's housing market with David Druey, the Florida regional president at Centennial Bank. How would you describe today’s housing market in Florida? For the state as a whole, we still...
Howard Hughes Holdings Contracts Four Homebuilders for Arizona Planned Community
Howard Hughes Holdings Inc. (NYSE: HHH) announced the first four homebuilders for the launch of Teravalis, the company’s new 37,000-acre community in Arizona’s Phoenix West Valley. Brightland Homes, Courtland Communities, KB Home and Lennar will build the initial...
Amy Rasmussen Named Executive Director at IAAO
Rasmussen served on the IAAO board as a director and was the organization’s president in 2020. Continue Reading Amy Rasmussen Named Executive Director at IAAO
Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
President and CEO Brad Nordholm said, “Farmer Mac remains committed to developing a vibrant and liquid AMBS market.” Continue Reading Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
Tim Ayres Named New Chairman for British Columbia Real Estate Association
The Sooke-based realtor has been on the BCREA board since 2020. Continue Reading Tim Ayres Named New Chairman for British Columbia Real Estate Association
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Buyers of previously owned homes made up an 87% share of the market, compared to the 13% buying new homes. Continue Reading NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Office Vacancy Rates in Manhattan Reach Record Highs
“We are still waiting for demand to catch up and surpass supply,” said Colliers Executive Managing Director Franklin Wallach. Continue Reading Office Vacancy Rates in Manhattan Reach Record Highs
Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
The bill was praised by National Association of Realtors President Kevin Sears. Continue Reading Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
CMBS Delinquency Rate Drops to 4.67%
Retail and office properties were the only sectors recording delinquency rate declines. Continue Reading CMBS Delinquency Rate Drops to 4.67%
Second Round of California Dream for All Loan Program to Roll Out
The program was conceived to help bridge California’s racial gap in homeownership. Continue Reading Second Round of California Dream for All Loan Program to Roll Out
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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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