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Sales to Begin Next Month at Miami’s New Colette Residences
Pricing for the units begins at $3.3 million. Continue Reading Sales to Begin Next Month at Miami’s New Colette Residences
Sales to Begin Next Month at Miami’s New Colette Residences
Pricing for the units begins at $3.3 million. Continue Reading Sales to Begin Next Month at Miami’s New Colette Residences
CMBS Delinquency Rate Up by 5 Basis Points in May
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
Report: New Apartments Sitting Vacant for Months
Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
King Charles Makes Royal Property Available as Short-Term Rental
King Charles III has a new side hustle as the landlord for a short-term rental property. The Sun reports that The Folly, a three-bedroom Victorian house at the royal Sandringham retreat, is being rented to the public for $8,500-a-week. The refurbished property has a...
NEWS & CURRENT EVENTS
Pending Home Sales Up by 2% in February
“Despite the modest monthly increase, contract signings remain well below normal historical levels,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up by 2% in February
SmartStop Self Storage REIT Announces Underwritten Public Offering
SmartStop has been approved to list its common stock on the New York Stock Exchange under the ticker symbol “SMA.,” Continue Reading SmartStop Self Storage REIT Announces Underwritten Public Offering
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
The CFPB is seeking to return the $105,000 settlement funds to the company. Continue Reading CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
“There will be no more illegal aliens getting HUD-backed home loans,” said Secretary Turner. Continue Reading Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Ryan Hardiman Promoted to President of Embrace Home Loans
Hardiman joined Embrace Home Loans in 2008 as a project manager. Continue Reading Ryan Hardiman Promoted to President of Embrace Home Loans
Kurt Gatterdam Named Controller at CREC Real Estate
Prior to his role at CREC, Gatterdam served as chief financial officer at NAI Ohio Equities. Continue Reading Kurt Gatterdam Named Controller at CREC Real Estate
Pineapple Financial Expands into Alberta Market
The company added the teams anticipate a surge in activity following the Bank of Canada’s projected interest rate reductions later this year. Continue Reading Pineapple Financial Expands into Alberta Market
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
The funds can also be used to cover closing costs, escrow and mortgage insurance premiums. Continue Reading Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
Household Debt Reached $17.5 Trillion in Q4 2023
Mortgage balances rose by $112 billion from the previous quarter and stood at $12.25 trillion at the end of December. Continue Reading Household Debt Reached $17.5 Trillion in Q4 2023
John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
Gorman started his career at CSBS in 1996 and served as its general counsel for the last 15 years. Continue Reading John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
Opendoor to Air Live Commercial of Home Sale During Super Bowl Halftime
Livestream footage of this commercial will air on Atlanta television and on the Opendoor.com website. Continue Reading Opendoor to Air Live Commercial of Home Sale During Super Bowl Halftime
Data Study Finds Blacks Only Own 10% of Homes While Whites Own 69%
A new data study by LendingTree (NASDAQ:TREE) on racial disparities in homeownership has determined Black people make up an average of about 15% of the population across the nation’s 50 largest metros, but they only own an average of 10.15% of homes. In comparison,...
Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics
The most common migration routes were from blue states to red or purple states. Continue Reading Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics
Drew Jackson Joins Capital Square as Senior Managing Director
Jackson joins Capital Square from Concorde Holdings, where he most recently served as president and CEO. Continue Reading Drew Jackson Joins Capital Square as Senior Managing Director
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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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