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New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Former Black Rock Executive Named President of PNC
The PNC Financial Services Group Inc. (NYSE: PNC) announced the appointment of Mark Wiedman as president of the corporation and its wholly owned banking subsidiary, PNC Bank. Wiedman comes to PNC from BlackRock (NYSE: BLK), where he worked for the past two decades and...
Move Drops Trade Secrets Lawsuit Against CoStar Group
CoStar Group (NASDAQ: CSGP) announced Move Inc., the News Corp (NASDAQ:NWSA) subsidiary that operates Realtor.com, has withdrawn its trade secrets lawsuit against the company. The lawsuit was initiated in July 2024 and accused CoStar of misappropriating trade secrets...
Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement
A coalition of civil rights and consumer advocacy groups has filed an amicus brief in federal district court seeking to stop the motion filed by the Consumer Financial Protection Bureau (CFPB) to vacate its $105,000 redlining settlement with the mortgage company...
NEWS & CURRENT EVENTS
Report: The Worst Housing Market for Growth Is…
Among the states, Florida was home to the most housing markets with the worst growth activity. Continue Reading Report: The Worst Housing Market for Growth Is…
North Carolina Realtor Arrested in Triple Murder Case
There was no known relationship between David Lever and the victims. Continue Reading North Carolina Realtor Arrested in Triple Murder Case
Report: Bill Ackman Proposes Merger with Howard Hughes Holdings
The company did not immediately respond to Ackman’s proposal. Continue Reading Report: Bill Ackman Proposes Merger with Howard Hughes Holdings
Sagard Real Estate Acquires Denver-Area Multifamily Community
The real estate investment firm Sagard Real Estate, formerly EverWest Real Estate Investors, has acquired Alta Green Mountain, a Class A multifamily community located in Colorado’s West Denver submarket. Built in 2020, Alta Green Mountain features 260 luxury units...
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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.
First Quarter of 2023 Brings a Mixed Bag of Housing Data
ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the first quarter of 2023 compared to historical averages in 94...
Why Would a House Not Get Any Offers In Today’s Market
There's no doubt that today's real estate market is...difficult. Homes are spending an outstanding 75 days on the market, up from a low of 31 days set in May 2022. This is the longest time on market since February 2020. Days on market is a metric that tracks the time...
Tortoise Properties Seeks to Capture Market Share in South Florida
Tortoise Properties, a South Florida-based real estate investment and development company, announced the launch of its new real estate brokerage firm, Tortoise Realty Group. The brokerage firm will offer a full range of real estate services, including investment...
Opendoor Acquires Stake in Title Resources Group
Title Resources Group (TRG), a national title insurance underwriter, announced that Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, has acquired a minority stake in its business. Financial terms were not disclosed. ...
Christie’s International Real Estate Expands in California
Aaron Kirman of AKG | Christie's International Real Estate, a luxury residential sales brokerage, announced the addition of Josh Ramirez to the brokerage. In his new position, Ramirez will serve as the driving force behind AKG's expansion into the prestigious...
Real Estate Agents Partner with Nestfully on New Consumer Portal
Nestfully, a new industry initiative built for consumers and powered by brokers and MLSs, has reached the initial launch stage and is now available to millions of consumers in nine of the most populated states in the U.S. "Giving consumers unbiased, ad-free...
Florida Governor Signs Affordable Housing Law
Today, Governor Ron DeSantis signed Senate Bill 102, known as the "Live Local Act," a comprehensive, statewide workforce housing strategy designed to increase the availability of attainable housing options for Florida workers who seek to live in the communities they...
More Americans are Moving to Mexico
Mexico's luxury real estate market is experiencing a surge in popularity among American buyers, who are drawn to the country's affordability, accessibility, culture, amenities, and excellent weather, according to Nest Seekers International, a global real estate...
Judge in LA County Ordered to Pull Project Approvals for Master-Planned Community
Los Angeles Superior Court Judge Mitchell Beckloff has ordered Los Angeles County to rescind the Centennial project’s 2019 approvals pending correction of a number of inadequacies the Court identified in the project’s original environmental impact report. The ruling...
Gen Z Homebuyers Prefer Smart Homes over Large Homes
Many U.S. homebuyers and sellers are rethinking their approach to achieving their real estate goals, according to a study commissioned by RE/MAX. 2022 saw a notable increase in mortgage rates compared to historic lows in 2020-21 and with many economic factors to watch...
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