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California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
Oakland’s Largest Hotel Going to a Foreclosure Auction
The largest hotel in Oakland is bound for a foreclosure auction later this month. The Oakland Marriott City Center is scheduled to be sold in a foreclosure auction on June 24. The San Francisco Business Times reports Hong Kong-based Gaw Capital Partners, the hotel’s...
Fairway Independent Mortgage Acquires Hallmark Home Mortgage
Madison, Wisconsin-based Fairway Independent Mortgage Corp. announced its acquisition of Hallmark Home Mortgage. The acquired company will become Hallmark Home Mortgage, Powered by Fairway, and will be a new division of Fairway. Fairway CEO and founder Steve Jacobson...
New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
Another strategy for lowering Ohio’s property taxes has been brought forth with a new bill that would give counties the ability to lower property taxes if the amount collected is more than needed. WCMH reports House Bill 309, introduced by David Thomas (R-Jefferson),...
NEWS & CURRENT EVENTS
Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes
Aron Puretz, his son, Chaim “Eli” Puretz, Moshe “Mark” Silber and Fredrick Schulman were sentenced. Continue Reading Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes
FBI Warns of Rise in Quit Claim Deed Fraud Across New England
The FBI noted that 58,141 victims reported $1.3 billion in losses relating to real estate fraud nationwide between 2019 through 2023. Continue Reading FBI Warns of Rise in Quit Claim Deed Fraud Across New England
Slowing in Refinance Drives Down Mortgage Application Activity
The median sales price of new houses sold in February was $414,500. Continue Reading Slowing in Refinance Drives Down Mortgage Application Activity
Builders Call on Congress to Reform Regulations on Home Construction
NAHB cited a shortage of roughly 1.5 million housing units that the organization blamed on the regulatory process. Continue Reading Builders Call on Congress to Reform Regulations on Home Construction
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Los Angeles’ Aon Center Sold for $153.5 Million
The Aon Center is the third tallest building in Los Angeles and the fourth tallest in California. Continue Reading Los Angeles’ Aon Center Sold for $153.5 Million
Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus
Alderson Broaddus was a small Baptist university in West Virginia that filed for bankruptcy last August. Continue Reading Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus
Hard Money Lenders Arizona to Launch Real Estate Investment Fund
The fund will be aimed at both new and seasoned investors. Continue Reading Hard Money Lenders Arizona to Launch Real Estate Investment Fund
BOMI Offers Digital Badging for Certificate and Designation Holders
BOMI is working with Credly, the digital credentialing leader, to provide digital badges. Continue Reading BOMI Offers Digital Badging for Certificate and Designation Holders
Zillow Sues Two MLSs for Blocking Use of ShowingTime Tool
“We believe the actions by these two MLSs are anticompetitive,” said Errol Samuelson, Zillow Group’s chief industry development officer. Continue Reading Zillow Sues Two MLSs for Blocking Use of ShowingTime Tool
Project to Transform Ex-Convent Into Senior Housing Plagued by Vandalism
“It’s $100 million in investment,” said Eric Ennis, Syracuse’s deputy commissioner of business development. “ Continue Reading Project to Transform Ex-Convent Into Senior Housing Plagued by Vandalism
Taiwan’s Commercial Property Transactions Up 2.8% During 2023
However, land deals dropped by 20.4% to $4.1 billion, a six-year low. Continue Reading Taiwan’s Commercial Property Transactions Up 2.8% During 2023
Mortgage Rates End 2023 in a Downward Spiral
“The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates End 2023 in a Downward Spiral
Pending Home Sales Activity Remains Unchanged
The Northeast, Midwest and West posted monthly gains in transactions while the South recorded a loss. Continue Reading Pending Home Sales Activity Remains Unchanged
Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million
The hotel opened in October 2009 and is adjacent to the newly expanded Las Vegas Convention Center. Continue Reading Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million
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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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