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California Home Sales Rebounded in September
In September, California’s median home price fell 1.7% to $883,640, down from $899,130 in August. Continue Reading California Home Sales Rebounded in September
California Home Sales Rebounded in September
In September, California’s median home price fell 1.7% to $883,640, down from $899,130 in August. Continue Reading California Home Sales Rebounded in September
New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
The Housing Canada Coalition has launched the “End the Housing Game” advocacy campaign to ensure housing and homelessness are key issues in the upcoming federal election. The campaign will focus on the challenges facing the Canadian housing market, noting elevated...
Nine Big Lots Stores to Reopen This Week
Variety Wholesalers, the discount retailer that acquired 219 stores from the bankrupt Big Lots chain, announced it will reopen nine Big Lots stores across six states on April 10. The reopened stores include three locations in Tennessee and single locations across...
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The BW, a 78-unit apartment asset with 2,300 square feet of ground floor retail in the Brentwood neighborhood of Los Angeles, has been sold for $58.1 million, or $744,872 per unit. The property was completed and offers a mix of studios, one-, two- and three-bedroom...
NEWS & CURRENT EVENTS
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
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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.
Software Market for Real Estate Management Predicted to Reach Nearly $5B by 2031
According to the report published by Allied Market Research, the global property management software market generated $3 billion in 2021, and is estimated to reach $4.7 billion by 2031, witnessing a CAGR of 4.9% from 2022 to 2031. The report offers a detailed analysis...
National Real Estate Company under Investigation for Alleged Deception, Triggering New Legislation in NC
Real estate company MV Realty is under investigation, accused of scamming people into signing deceptive contracts with major financial consequences. The contracts in question are called "Homeowner Benefit Agreements." By signing the contract, a homeowner agrees...
The Next Generation of Blockchain Technology May be Coming to Real Estate
Dadvan Yousuf, a Bitcoin investor, has resigned from Dohrnii Project to launch his new company, Blockchain Circle. Yousuf decided to step away from the company he founded to pursue his new passion for democratizing the real estate investment industry by representing...
Real Estate Companies Recognized for Making Health a Priority
Fitwel unveiled the 2023 Best in Building Health awards, its annual list of the top global real estate companies and individuals who are leading the healthy building movement by example, leveraging Fitwel's certification platform to set the bar for excellence in...
Investors are Still Flipping Houses, But Profits are Down
ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 % from 357,666 in 2021, and...
Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps
In what was deemed a “game-time decision” by Fed Chair Jerome Powell, the FOMC has opted to raise the Federal Funds Rate by .25%, or 25 bps, according to the statement released today. The target FFR is now 4.75-5%, which is now the highest it has been since 2007. The...
Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels
Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released by the MIAMI...
A New Luxury Apartment Community is Coming to Norwalk, CT
Toll Brothers, Inc. a national builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company LLC have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn....
Real Estate Mobile App wins ADDY Awards
Revive, a presale home renovation solution for sellers, is the winner of two ADDY Awards, a national award program for the advertising industry. The company received a Silver ADDY for its Revive Real Estate Mobile App and a Bronze ADDY for its website from the...
Buying a home with Crypto is coming to Texas
Starting in April 2023, Texas real estate buyers, sellers, agents, and brokers can transact Texas-based residential & commercial real estate with cryptocurrencies on MyEListing.com, a free-to-use real estate data, and listings platform. The program is...
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