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Builders Alliance Debuts Portal to Help LA Wildfire Survivors Rebuild Their Homes
The Builders Alliance is a collection of 10 homebuilders focused on creating time and cost savings and end-to-end project management. Continue Reading Builders Alliance Debuts Portal to Help LA Wildfire Survivors Rebuild Their Homes
Builders Alliance Debuts Portal to Help LA Wildfire Survivors Rebuild Their Homes
The Builders Alliance is a collection of 10 homebuilders focused on creating time and cost savings and end-to-end project management. Continue Reading Builders Alliance Debuts Portal to Help LA Wildfire Survivors Rebuild Their Homes
Report: Condo Prices Drop in Second Largest Decline on Record
The median condo sale price in May was $354,1000, a 2.2% year-over-year decline and the second largest drop since data recording began in 2012, according to a new report by Redfin. The only time condo prices posted a larger year-over-year decline was the 2.95 drop in...
Rocket Companies Completes Acquisition of Redfin
Detroit-headquartered Rocket Companies (NYSE: RKT), has completed its $1.75 billion acquisition of Redfin. With the closure of the acquisition, Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” The companies also introduced Rocket Preferred...
Ohio Gov. DeWine Approves Public Funds for Cleveland Browns’ New Stadium
Ohio Gov. Mike DeWine has signed the state’s two-year budget that includes a provision for $600 million in state funds to cover some of the construction costs on the Cleveland Browns' $2.4 billion domed stadium development. According to combined media reports, the...
NEWS & CURRENT EVENTS
New Home Sales Up 7.4%
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
CRMLS Rejects NAR’s Delayed Marketing Policy
“It’s time to stop unnecessarily changing up the rules and to let agents and brokers get back to work,” said CRMLS. Continue Reading CRMLS Rejects NAR’s Delayed Marketing Policy
Mortgage Application Activity Stumbles by 12.7%
The seasonally adjusted Purchase Index decreased 7% from one week earlier. Continue Reading Mortgage Application Activity Stumbles by 12.7%
The Agency Opens Ninth Office in Mexico
The Agency Valle de Bravo will be led by Managing Partner Ricardo Umansky and Managing Director Alex Cuttler. Continue Reading The Agency Opens Ninth Office in Mexico
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Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
ew York Attorney General Letitia James threatened to seize Trump’s real estate assets if he failed to secure the bond. Continue Reading Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case
Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Trump appointed Powell in 2018 but quickly soured on him. Continue Reading Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman
Camilo Escalante to Chair NAHREP’s Corporate Board of Governors
Escalante is executive director of diverse segments at Guaranteed Rate. Continue Reading Camilo Escalante to Chair NAHREP’s Corporate Board of Governors
IMBs Recorded Net Production Losses in Q4 2023
“The fourth quarter of 2023 was about as challenging as it could get for mortgage lenders to generate a production profit,” said MBA’s Marina Walsh. Continue Reading IMBs Recorded Net Production Losses in Q4 2023
$109 Million in Construction Financing Secured for Brooklyn Multifamily Development
The complex will also include nearly 11,000 rentable square feet of above-grade retail. Continue Reading $109 Million in Construction Financing Secured for Brooklyn Multifamily Development
Armour Residential REIT Chief Jeffrey J. Zimmer to Retire
Zimmer held the leadership role at the company since November 2009. Continue Reading Armour Residential REIT Chief Jeffrey J. Zimmer to Retire
Hits and Misses for the Real Estate Week of March 11-15
An unexpected settlement, an unexpected resignation and the unexpected closing of 1,000 stores top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of March 11-15
JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million
The purchase includes the assumption of an in-place $26 million mortgage loan. Continue Reading JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million
Mark Tribuna Named Chief Operations Officer at Arrive Home
Tribuna was previously chairman and CEO of Nation One Mortgage Company. Continue Reading Mark Tribuna Named Chief Operations Officer at Arrive Home
$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites
The fund provides small planning and capital matching grants to support organizations and people working to preserve South Side history. Continue Reading $7,000 in Grants Awarded to Preserve Three Historic Chicago Sites
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