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LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Councilmember Eunisses Hernandez called the plan “a private development scheme disguised as transportation.” Continue Reading LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Councilmember Eunisses Hernandez called the plan “a private development scheme disguised as transportation.” Continue Reading LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.
The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) has made an unsolicited $5 billion all-cash acquisition proposal to GMS Inc. (NYSE: GMS), a specialty distributor of interior construction products. “Our all-cash proposal to...
California Home Sales, Median Price Down in May
California recorded 254,190 closed escrow sales of existing, single-family detached homes in May, according to data from the California Association of Realtors (CAR). Last month’s sales pace was down 5.1% from the 267,710 homes sold in April and was down 4% from the...
Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Real estate developer Patrick Zalupski has signed a letter of intent (LOI) to purchase Major League Baseball’s Tampa Bay Rays. According to a Sportico report sourced from “multiple sources who asked not to be named because the details are private,” the deal values the...
NEWS & CURRENT EVENTS
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
Report: Roof Repair Costs at $31 Billion in 2024
Since 2022, non-catastrophic wind/hail roof claims increased from 17% to 25%. Continue Reading Report: Roof Repair Costs at $31 Billion in 2024
Foundational Builders Corporation Expanding to Arizona and Florida
The company appointed Joe El Rady as chief financial officer. Continue Reading Foundational Builders Corporation Expanding to Arizona and Florida
HomeLife Realty Services Rolls Out Cash Back Program
Buyers and sellers will receive a suggested 5% cash back from a participating agent’s share of the commission. Continue Reading HomeLife Realty Services Rolls Out Cash Back Program
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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.
Blue Water Signs Two New Strategic Partnerships
“We aim to create a new standard of excellence in the outdoor hospitality industry,” said Todd Burbage, CEO of Blue Water. Continue Reading Blue Water Signs Two New Strategic Partnerships
Mortgage Rates and Purchase Loan Applications Inch Up
“We anticipate a busier spring homebuying season than 2023,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates and Purchase Loan Applications Inch Up
Single-Family Home Sales, Buyer Affordability Ticked Up in December
The national median mortgage payment was $2,055 in December. Continue Reading Single-Family Home Sales, Buyer Affordability Ticked Up in December
Sellers Reaped Smaller Profits and ROI for 2023 Home Sales
The median home price increased 2.1% from 2022, reaching an all-time annual high of $335,000. Continue Reading Sellers Reaped Smaller Profits and ROI for 2023 Home Sales
Median Asking Rents Down in December
“Softening rental prices throughout 2023 offered renters a small reprieve,” said Danielle Hale, chief economist at Realtor.com. Continue Reading Median Asking Rents Down in December
Apartments by Marriott Bonvoy Brand to Expand in Three Countries
The properties are planned in Detroit and St. Louis. Continue Reading Apartments by Marriott Bonvoy Brand to Expand in Three Countries
Forecast Projects Increase in Condo Communities During 2024
Community associations represent more than 30% of the U.S. housing stock. Continue Reading Forecast Projects Increase in Condo Communities During 2024
MBA: Only 0.23% of Loans in Forbearance at the End of 2023
According to MBA’s estimate, 115,000 homeowners are in forbearance plans. Continue Reading MBA: Only 0.23% of Loans in Forbearance at the End of 2023
FHLBank San Francisco Launches $1 Million Tribal Nations Program
Grant dollars from the Tribal Nations Program will be allocated based on the percentage of Native American population across the Bank’s three-state district of Arizona, California, and Nevada. Continue Reading FHLBank San Francisco Launches $1 Million Tribal Nations Program
Connecticut Estate Designed by Frank Lloyd Wright Sells at Discounted Price
The property was listed last May at $8 million but sold for $6 million. Continue Reading Connecticut Estate Designed by Frank Lloyd Wright Sells at Discounted Price
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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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