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Furniture Retailer Closing All 89 Stores
The Columbus, Ohio-based American Signature filed for Chapter 11 bankruptcy in November after nearly 80 years in business. Continue Reading Furniture Retailer Closing All 89 Stores
Furniture Retailer Closing All 89 Stores
The Columbus, Ohio-based American Signature filed for Chapter 11 bankruptcy in November after nearly 80 years in business. Continue Reading Furniture Retailer Closing All 89 Stores
$15 Million Allocated for Virginia Workforce Housing Investment Program
Gov. Glenn Youngkin announced the allocation of over $15 million in funding for the Virginia Workforce Housing Investment Program. The program provides loans, loan subsidies, and grants to support communities developing housing for homeowners and renters making 80% to...
Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
Freddie Mac (OTCQB: FMCC) reported new mortgage rate declines in the Christmas Eve edition of its Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. A year ago at this time, it...
Alabama Recorded Increase in Home Sales During November
Alabama experienced 5,778 homes sales in November, a scant 0.1% uptick from the prior month and a 3.8% increase from one year earlier. According to data from the Alabama Association of Realtors (AAR), the 20,725 active monthly listings at the end of November marked...
NEWS & CURRENT EVENTS
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
Brazil to Conduct Real Estate Auction Using Blockchain Technology
The Brazilian auction market has been disrupted with altered documents, fake websites, and inconsistent public records. Continue Reading Brazil to Conduct Real Estate Auction Using Blockchain Technology
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
Whitestone did not immediately issue a public comment on the offer. Continue Reading MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
The property’s last owner was financier Gary Winnick, who acquired it in 2000 for $94 million. Continue Reading LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
The brokerage has focused on the District of Columbia, Northern Virginia, and Maryland since 2011. Continue Reading DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
“This acquisition positions ECGI to bridge the gap between traditional mortgage lending and next-generation financial technology,” said Jamie Steigerwald, president of ECGI Holdings. Continue Reading ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
“We expect these acquisitions to be highly desirable homeownership options that will also add value for unitholders,” said President and CEO Kurt Keeney. Continue Reading Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
A Phil Hall Op-Ed: The Growing Revolt Against Property Taxes
Homeowner anger at rising property taxes could dominate the 2026 state-level elections. Continue Reading A Phil Hall Op-Ed: The Growing Revolt Against Property Taxes
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Lowe’s, Home Depot Announce Donations to Jamaican Hurricane Recovery Efforts
“Our thoughts and prayers are with the people of Jamaica,” said Marvin Ellison, Lowe’s chairman and CEO. Continue Reading Lowe’s, Home Depot Announce Donations to Jamaican Hurricane Recovery Efforts
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