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CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
Cody Holmes was arrested on a federal criminal complaint charging him with mail fraud. Continue Reading CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
Cody Holmes was arrested on a federal criminal complaint charging him with mail fraud. Continue Reading CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
New York State Records 6.2% Drop in Home Sales
Closed sales of homes in New York State totaled 6,968 last month, a 6.2% decline from the 7,428 homes sold in April 2024. According to data from the New York State Association of Realtors, pending sales inched up to 9,565 sales in April from 9,471 recorded on year...
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
OpenAI is partnering with the United Arab Emirates (UAE) firm G42 to construct a 1-gigawatt artificial intelligence (AI) data center in Abu Dhabi. The new project, dubbed Stargate UAE, will be OpenAI’s first data center project outside of the United States. The first...
Mortgage Rates Inch Up
Mortgage rates were up in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. A year ago at this time, it averaged 6.94%. The 15-year...
NEWS & CURRENT EVENTS
Federal Reserve Opts to Hold Rates Steady
The central bank will “maintain the target range for the federal funds rate at 4.25% to 4.5%.” Continue Reading Federal Reserve Opts to Hold Rates Steady
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Demand for larger rental units has grown because fewer renters are seeking to become first-time homebuyers Continue Reading Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Report: Sandals Resorts Exploring Potential Sale of Company
Sandals operates in Jamaica, the Bahamas, Saint Lucia, Grenada, Barbados, Antigua, Curaçao and Turks and Caicos. Continue Reading Report: Sandals Resorts Exploring Potential Sale of Company
RE/MAX: Home Sales Up 8.4% in February
The $423,000 median sales price was only $3,000 (0.6%) higher than January’s level. Continue Reading RE/MAX: Home Sales Up 8.4% in February
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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.
A Phil Hall Op-Ed: Elon Musk, Housing and Illegal Immigrants
There is no organized system of temporary housing for the new illegal immigrants. Continue Reading A Phil Hall Op-Ed: Elon Musk, Housing and Illegal Immigrants
Tech Trends: Is Your Scheduling Automated? If Not, You’re Wasting Time
It’s impossible to keep up with everything without this valuable technology in your arsenal. Continue Reading Tech Trends: Is Your Scheduling Automated? If Not, You’re Wasting Time
Tracy Kasper Resigns as NAR President Following Attempted Blackmail Attack
NAR President-elect Kevin Sears has been appointed as Kasper’s successor, effective immediately. Continue Reading Tracy Kasper Resigns as NAR President Following Attempted Blackmail Attack
$32 Million Property Sale Breaks Record in Tennessee
The seller was Dr. Thomas Frist Jr., the co-founder of HCA Healthcare. Continue Reading $32 Million Property Sale Breaks Record in Tennessee
Are More Consumers Becoming Optimistic About Homebuying?
Fannie Mae’s Mark Palim pointed to “a survey-high share of consumers anticipating mortgage rate declines over the next year.” Continue Reading Are More Consumers Becoming Optimistic About Homebuying?
Clever Real Estate Acquires Gravy Technologies
The financial terms of the deal were not disclosed. Continue Reading Clever Real Estate Acquires Gravy Technologies
Regal Ventures Acquires West Hollywood Retail Condo
The property is located on the city’s Sunset Strip and is 100% occupied with a roster of five tenants. Continue Reading Regal Ventures Acquires West Hollywood Retail Condo
Greg Voyentzie to Lead Greystone’s LIHTC Syndication Platform
“It has been a long-time goal to add tax credit syndication to Greystone’s broad financing and investment platform,” said CEO Steve Rosenberg. Continue Reading Greg Voyentzie to Lead Greystone’s LIHTC Syndication Platform
RealINSIGHT Debuts Commercial Real Estate Loan Servicing Offerings
The RealINSIGHT Servicing Module provides for automated collections and disbursements. Continue Reading RealINSIGHT Debuts Commercial Real Estate Loan Servicing Offerings
Hits and Misses for the Real Estate Week of Jan. 1-5
Two intriguing office property sales, a rock legend who can’t sell his home and the St. Louis Fed’s new chief top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Jan. 1-5
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