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Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Investors Say ‘No, Thanks!’ to Buying Condos
The condo market has become so bad – pause for a “Match Game”-style response of “How bad is it?” – that nearly seven in 10 (68%) condos sold below list price in the first quarter, the lowest share in five years. Furthermore, new data from Redfin (NASDAQ: RDFN) found...
Mortgage Application Activity Drops as Home Prices Rise
Mortgage application activity fell for the second consecutive week as home prices were on the rise. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis for the...
Buffalo Council Approves 8% Property Tax Hike
The Common Council in Buffalo, New York, voted 6-2 to pass an amended $622 million city budget that includes Acting Mayor Christopher Scanlon's proposed 8% property tax increase. WGRZ reports the budget increases municipal spending by 1%. The budget also included the...
NEWS & CURRENT EVENTS
JLL Acquires Renewable Energy Investment Banking Firm
The financial aspects of the acquisition were not disclosed Continue Reading JLL Acquires Renewable Energy Investment Banking Firm
Placemakr to Open Pop-Up Hotel at DC Apartment Complex
This launch follows Placemakr’s recent pop-up experience in Santa Clara, California. Continue Reading Placemakr to Open Pop-Up Hotel at DC Apartment Complex
NAMB in Partnership with The Appraisal Foundation
NAMB stated it is the first mortgage-related association to join the Appraisal Foundation’s Partner Program. Continue Reading NAMB in Partnership with The Appraisal Foundation
Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
72.9% of Gen Xers owned their home in 2024, up from 72% in 2023. Continue Reading Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
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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.
Is Putin Trying to Buy Back Alaska for Russia?
In 1867, the financially struggling government of Tsar Alexander II sold its sparsely populated Alaskan colony to the U.S. government for $7.2 million. Continue Reading Is Putin Trying to Buy Back Alaska for Russia?
Brennan Investment Group Acquires Florida Industrial Facility
Brennan plans to undertake construction of a 249,600-square-foot expansion on the adjoining 18-acre parcel of land. Continue Reading Brennan Investment Group Acquires Florida Industrial Facility
Consolidated Analytics Acquires Real Info
The financial terms of the deal were not released. Continue Reading Consolidated Analytics Acquires Real Info
Thompson Thrift Acquires 20 Acres for Retail Development Near Phoenix
Construction of the first phase is slated to begin in April. Continue Reading Thompson Thrift Acquires 20 Acres for Retail Development Near Phoenix
Jill Ecuyer Joins Mohr Partners as Managing Partner in Charlotte Office
Before joining Mohr Partners, Ecuyer served as a senior associate for Crossman & Company. Continue Reading Jill Ecuyer Joins Mohr Partners as Managing Partner in Charlotte Office
A Phil Hall Op-Ed: Xi Jinping Has a US Farm, E-I-E-I-O
The GAO found the USDA “does not sufficiently verify and conduct quality reviews to track the accuracy and completeness” of the data being collected. Continue Reading A Phil Hall Op-Ed: Xi Jinping Has a US Farm, E-I-E-I-O
Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million
The company paid $963 million for the 715-717 Fifth Ave. property on the southeast corner of 56th Street. Continue Reading Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million
Carnell Elliott Named SVP of Sales at Built
In his new role, Elliott will oversee all sales functions across Built’s lender, owner, and contractor segments. Continue Reading Carnell Elliott Named SVP of Sales at Built
Private Equity Firm Bascom Group Acquires New Mexico Multifamily Property
The property marks Bascom’s first multifamily acquisition in New Mexico. Continue Reading Private Equity Firm Bascom Group Acquires New Mexico Multifamily Property
Wall Street Journal Editors Accuse Biden of Using FHFA Policy to Win Re-Election Support
The editors claimed the policy change’s “main beneficiaries are the housing lobby.” Continue Reading Wall Street Journal Editors Accuse Biden of Using FHFA Policy to Win Re-Election Support
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