Featured Real Estate News
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 41 basis points (bps) to 7.55% in March, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 6.65%. “The five largest newly delinquent loans accounted for...
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
One year ago, the CMBS delinquency rate was 6.65%. Continue Reading CMBS Delinquency Rate Up 41 Basis Points to 7.55%
Walton Global Debuts US Land Fund for International Investors
Scottsdale, Arizona-based Walton Global, a real estate investment, land banking and land asset management company, has launched its US Land Income & Growth Fund for offshore investors. According to the company, the fund is a private investment vehicle focused on...
Mortgage Application Activity Sinks Amid Pullback in Refinancing
A sharp decline in refinancing sparked by rising mortgage rates and a new wave of economic uncertainty caused mortgage application activity to sink during the week ending March 13, according to data from the Mortgage Bankers Association (MBA). “Mortgage rates...
Keith Pettigrew Selected to Become New CEO at Chicago Housing Authority
The Chicago Housing Authority (CHA) has announced the selection of Keith Pettigrew as the agency’s next CEO. Pettigrew brings more than 30 years of public housing leadership to the CHA. He is currently the executive director of the District of Columbia Housing...
News & Current Events
NY Attorney General Files Fraud Lawsuit Against Home Improvement Company Attyx
.“Attyx preyed on vulnerable and elderly homeowners with false promises and predatory tactics,” said Attorney General Letitia James. Continue Reading NY Attorney General Files Fraud Lawsuit Against Home Improvement Company Attyx
Dodger Stadium Sells Field Naming Rights to Japanese Brand Uniqlo
The financial aspects of the deal were not disclosed. Continue Reading Dodger Stadium Sells Field Naming Rights to Japanese Brand Uniqlo
California Home Sales and Prices Up in February
California’s median home price in February was $830,370, up by less than 1% from 23-month low of $823,180 in January. Continue Reading California Home Sales and Prices Up in February
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Exclusive News
Tampa Bay Rays Unveil First Renderings of Proposed Domed Stadium
The 31,000-seat stadium will encompass approximately 130 acres, along with a mixed-use district. Continue Reading Tampa Bay Rays Unveil First Renderings of Proposed Domed Stadium
Redfin Debuts Real Estate App in ChatGPT
“We believe this additional entry point into our listings and data will make home searchers’ lives easier,” said Redfin’s Ariel Dos Santos. Continue Reading Redfin Debuts Real Estate App in ChatGPT
Kristen Stewart Buys Historic Los Angeles Theater
Stewart did not reveal the purchase price for the venue or the budget for the interior renovations. Continue Reading Kristen Stewart Buys Historic Los Angeles Theater
Century Communities Debuts Luxury Townhome Community in St. Augustine
The development marks the company’s first community in Florida’s St. Johns County. Continue Reading Century Communities Debuts Luxury Townhome Community in St. Augustine
HUD Drops Claims of Discrimination by Texas General Land Office
“President Trump is ending weaponization of the federal government against the American people,” said HUD Secretary Scott Turner. Continue Reading HUD Drops Claims of Discrimination by Texas General Land Office
New YouTube Channel ‘Under 30 Homebuyer’ Focuses on Young First-Time Buyers
“Gen Z and younger Millennials are no longer relying on traditional search or financial explainers to make major life decisions,” said Tim Lucas, general manager of Three Creeks Media. Continue Reading New YouTube Channel ‘Under 30 Homebuyer’ Focuses on Young First-Time Buyers
Indiana House Speaker to Sponsor Bears Stadium Bill
Gov. Mike Braun has advocated for having the Bears in Indiana. Continue Reading Indiana House Speaker to Sponsor Bears Stadium Bill
Simon to Begin Renovations and Upgrades at 3 Mall Properties
This investment reflects Simon’s focus on strategic redevelopments to create vibrant, modern environments that cater to today’s shopper,” said Eli Simon, chief operating officer. Continue Reading Simon to Begin Renovations and Upgrades at 3 Mall Properties
Mortgage Rates Inch Up for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.11% as of Feb. 5. Continue Reading Mortgage Rates Inch Up for Third Straight Week