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80% of Montana Homeowners Received a Property Tax Cut This Year
Over 235,000 Montana homeowners have claimed and received a property tax rebate. Continue Reading 80% of Montana Homeowners Received a Property Tax Cut This Year
80% of Montana Homeowners Received a Property Tax Cut This Year
Over 235,000 Montana homeowners have claimed and received a property tax rebate. Continue Reading 80% of Montana Homeowners Received a Property Tax Cut This Year
PNC Announces $208 Million Affordable Housing Fund
Pittsburgh-based PNC Bank, a member of The PNC Financial Services Group Inc. (NYSE: PNC), announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 98, which is investing more than $208 million in the development and rehabilitation of affordable rental...
Survey: One-Third of Baby Boomers Declare They Will Never Sell Their Homes
A new survey published by Redfin (NASDAQ: RDFN) has found one-third (33.5%) of baby boomers who own their home declaring that they’ll never sell their property, while another 30% say they will eventually sell their home but not within the next decade. Older homeowners...
Single-Family Housing Starts Inch Up, Permits in Decline
Single-family housing starts in May were at a rate of 924,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 0.4% above the revised April figure of 920,000. Privately-owned housing starts in May were at a...
NEWS & CURRENT EVENTS
Trump World Tower Seeks to Foreclose on Afghanistan’s UN Mission Over Unpaid Condo Fees
The condo board at New York City’s Trump World Tower is seeking to foreclose on a $4.2 million unit owned by the Permanent Mission of Afghanistan to the United Nations. According to combined media reports, Afghanistan purchased its unit in Trump World Tower in 2009....
Former Black Rock Executive Named President of PNC
Mark Wiedman was a leading candidate to succeed BlackRock CEO Larry Fink. Continue Reading Former Black Rock Executive Named President of PNC
Move Drops Trade Secrets Lawsuit Against CoStar Group
“This lawsuit was a PR stunt from the start – ridiculous, and totally devoid of merit,” said Andy Florance, founder and CEO of CoStar Group. Continue Reading Move Drops Trade Secrets Lawsuit Against CoStar Group
Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement
Among the groups seeking to maintain the settlement are the National Fair Housing Alliance, the American Civil Liberties Union, and the Consumer Federation of America. Continue Reading Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement
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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.
Existing Home Sales Were Down for December
The median existing home price for all housing types in December was $382,600, a year-over-year increase of 4.4%. Continue Reading Existing Home Sales Were Down for December
And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles
The California Association of Realtors stated the “allegations are without merit for many reasons.” Continue Reading And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles
FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers
The orders contain a total monetary judgment of $29 million, Continue Reading FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers
Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
“In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy,” Bostic said. Continue Reading Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Among the 64 markets where median three-bedroom rents require less than one-third of average local wages, 59 are in the Midwest and South. Continue Reading Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Housing Starts Down for December
This is down by 8.6% from the revised November figure of 1.12 million. Continue Reading Housing Starts Down for December
California’s Home Sales Remain Near 16-Year Low
California’s statewide median price dipped 0.3% from November’s $822,200 to $819,740 in December. Continue Reading California’s Home Sales Remain Near 16-Year Low
Pennsylvania Home Sales Down 7.2% From Last Year
The median price for the state dipped to $213,699 last month from $218,380 in November, although prices were up 9% from December 2022. Continue Reading Pennsylvania Home Sales Down 7.2% From Last Year
Harrison Levy Named Construction Director at Belfonti Companies
Levy was previously a team leader and senior project manager at Petra Construction Corp. Continue Reading Harrison Levy Named Construction Director at Belfonti Companies
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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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