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116-Unit Connecticut Multifamily Complex Sells for $14.1 Million
National Multifamily Corp. President Matt Cawley represented the seller and procured the buyer in the transaction. Continue Reading 116-Unit Connecticut Multifamily Complex Sells for $14.1 Million
116-Unit Connecticut Multifamily Complex Sells for $14.1 Million
National Multifamily Corp. President Matt Cawley represented the seller and procured the buyer in the transaction. Continue Reading 116-Unit Connecticut Multifamily Complex Sells for $14.1 Million
Report: Home Affordability Worsened in Q4
A new report from ATTOM has determined that median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 98% of counties (556 out of 566) with enough data to analyze. The counties with the largest...
Real Estate Developer Sentenced for Role in Chicago Bank Failure
A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
The Consumer Financial Protection Bureau (CFPB) published a report this week detailing the negative experiences of homeowners faced with their mortgage company after divorce or the death of an original borrower. According to the CFPB, many homeowners claimed their...
NEWS & CURRENT EVENTS
CFPB Finalizes Rule on PACE Loan Protections
The new rule requires lenders to assess a borrower’s ability to repay a PACE loan. Continue Reading CFPB Finalizes Rule on PACE Loan Protections
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme
ron Puretz pleaded guilty to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
Single-Family Housing Starts Up 6.4%
Privately-owned housing starts were down 1.8% from October. Continue Reading Single-Family Housing Starts Up 6.4%
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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.
Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups
The property last changed hands in 2019 when Starwood Capital Group paid $315 million to buy it. Continue Reading Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups
Matt Nader Named President at First Home Mortgage
He replaces Tim Whittier, who was appointed president in May but stepped down last month. Continue Reading Matt Nader Named President at First Home Mortgage
DOJ Tells Supreme Court It Never Agreed ‘Not to Reopen’ NAR Probe
The DOJ insisted “the words ‘close’ and ‘reopen’ are not mutually exclusive.” Continue Reading DOJ Tells Supreme Court It Never Agreed ‘Not to Reopen’ NAR Probe
Travis Kessler to Retire as Chief Executive at Texas Realtors
Texas Realtors announced that President and CEO Travis Kessler will retire on March 31, 2025, from the position he has held since 2010. Mike Barnett, who has served as the 155,000-member organization’s executive vice president for the past 12 years, will assume...
MBA Proposes Ginnie Mae Early-Buyout Securitization
“An EBO security addresses the timing mismatch within Ginnie Mae’s program,” said MBA’s Bob Broeksmit. Continue Reading MBA Proposes Ginnie Mae Early-Buyout Securitization
Bascom Group Acquires Seattle Multifamily Community
Built in 1992, the property features a five-story residential building situated above two levels of structured parking. Continue Reading Bascom Group Acquires Seattle Multifamily Community
Mortgage Rates Take Another Drop
The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12. Continue Reading Mortgage Rates Take Another Drop
Home Flipping Activity and Profits Down in Q3
The top four metro areas that recorded the largest flipping rates during the third quarter were all in Georgia. Continue Reading Home Flipping Activity and Profits Down in Q3
Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
“There are buyers out there who have been waiting a long time to get into the market,” said Dr. Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property
The transaction is the largest real estate investment by a foreign investor in Japan. Continue Reading Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property
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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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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
