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NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
New Jersey Shopping Plaza Sells for $44 Million
Hazlet Town Center, a 190,000-square-foot shopping plaza in Hazlet, New Jersey, has been sold for $44 million. Based along the Route 35 retail corridor, the property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. The sale did not include...
Finland Passes Law Banning Russians from Buying Real Estate
The parliament of Finland voted unanimously on for a new law that bans Russian nationals from purchasing property in the country. The Finnish news site YLE reports the new law does not cite Russia specifically but prohibits real estate transactions involving "persons...
Two Illinois MLSs Team on Data-Sharing Partnership
The two largest Illinois-focused multiple listing services – Midwest Real Estate Data (MRED) and RMLS Alliance – have announced a data-sharing partnership designed to benefit nearly 50,000 agents and brokers. The MLSs have begun working on technical integration, and...
NEWS & CURRENT EVENTS
NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
“The President’s Executive Order underscores the critical need for bold, coordinated action,” said NAR. Continue Reading NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
New Data Finds Home Prices Still Rising While Rents Continue to Fall
Realtor.com reported rents declined for the 17th consecutive month during December. Continue Reading New Data Finds Home Prices Still Rising While Rents Continue to Fall
NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent
NAR focused on the Martin Luther King Jr. Day observances. Continue Reading NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent
The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
The Casita is a factory-built dwelling that covers a 361-square-foot layout. Continue Reading The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
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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.
Guest Opinion: Recruiting to Reality
I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
Active Home Listings 50.5% Below Pre-Pandemic Levels
Last month, the national median list price was $430,000 in April, up from $424,000 in March. Continue Reading Active Home Listings 50.5% Below Pre-Pandemic Levels
Home Equity Ticks Downward for Second Straight Month
ATTOM determined the number of equity-rich mortgage-payers dropped on a quarterly basis in 32 of the 50 states. Continue Reading Home Equity Ticks Downward for Second Straight Month
Uh-Oh, Another Bank in Trouble? PacWest Is Exploring ‘Strategic Options’
“Recently, the company has been approached by several potential partners and investors,” the bank said. Continue Reading Uh-Oh, Another Bank in Trouble? PacWest Is Exploring ‘Strategic Options’
NYC Rent-Stabilized Units Facing Hikes Up to 7%
“A 7% rent increase is clearly beyond what renters can afford,” said Mayor Eric Adams. Continue Reading NYC Rent-Stabilized Units Facing Hikes Up to 7%
Banks Having Second Thoughts Over Japan’s First Casino Development
Financing is expected to come via a $4.1 billion syndicated loan, the largest of its kind in Japanese history. Continue Reading Banks Having Second Thoughts Over Japan’s First Casino Development
Mat Ishbia Disses Dan Gilbert – The Feud Continues
Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
CMBS Delinquency Rate Holds Steady
Year-over-year, the Trepp CMBS Delinquency Rate is down 42 basis points. Continue Reading CMBS Delinquency Rate Holds Steady
Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
Nearly two-thirds of real estate brokers and agents said promoting energy efficiency in listings is either very or somewhat valuable. Continue Reading Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
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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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