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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
Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud
A pair of Fiji nationals residing in California were sentenced for leading a multimillion-dollar mortgage fraud scheme. According to court records, Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes from...
Two-Thirds of Condos Sold at Less Than Asking Price in February
February was a rough month for the condominium market, with roughly two-thirds (68.4%) of these properties selling for less than their original asking price, according to new data from Redfin (NASDAQ: RDFN). This is up from 63.3% a year earlier and the highest...
Crescent Seas Adds Second Ship to Nautical Residential Portfolio
Crescent Seas, a provider of residential luxury living at sea, has added of a second ship to its portfolio. The Crescent Seas' second ship, Insignia, will undergo a more than $50 million comprehensive revitalization and will feature 290 residences priced from $650,000...
NEWS & CURRENT EVENTS
Mortgage Application Activity Starts 2025 in Decline
The Refinance Index increased 2% from the previous week and was 6% lower than the same week one year ago. Continue Reading Mortgage Application Activity Starts 2025 in Decline
California’s Harvest Realty Joins The Real Brokerage
Harvest joins Real under the company’s Private Label program. Continue Reading California’s Harvest Realty Joins The Real Brokerage
S2 Capital Acquires Portfolio of 5 Multifamily Properties
The transaction was sourced off-market. Continue Reading S2 Capital Acquires Portfolio of 5 Multifamily Properties
UCLA Launches Master of Real Estate Development Program
UCLA appointed Dr. Greg Morrow to lead the new program. Continue Reading UCLA Launches Master of Real Estate Development Program
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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.
Lincoln Property Company Expands Pacific Northwest Leadership Team
National real estate firm Lincoln Property Company announced two key Pacific Northwest leadership moves to support the firm’s continued commitment to the region. Real estate professional Ryan Feigelson has joined the firm as Senior Vice President, responsible...
Redfin Reports Half as Many Affordable Homes for Sale in 2022 as in 2021
Roughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from two in five (40%) in 2021 and the lowest share on record. A...
New Again Houses Partners with Veracrest to Expand its Brokerage
Veracrest, a real estate brokerage-as-a-service (BaaS) company, has partnered with New Again Houses® (NAH) to unlock untapped value streams in the NAH Network by providing a turnkey brokerage solution for their ecosystem. NAH franchise owners currently serve over...
Prevu Takes its Homebuying Plaftorm to 10th Major Metro Market
Prevu, a real estate technology company, announced that its digital homebuying platform is now available in South Florida - including cities like Miami, Fort Lauderdale, Boca Raton, and West Palm Beach. With Prevu’s entrance into the market, consumers in the region...
California Real Estate Firm Employs AI to Compile Data
Diamond Real Estate Group, whose suite of real estate services utilizes artificial intelligence, is debuting its proprietary, AI-powered platform and revamped website. The luxury and investment real estate brokerage, founded in 2021 by CEO Matthew Martinez, seeks to...
Are All-Cash Buyers Dominating NYC Real Estate Market?
New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
Real Estate Agents Graduate From Industry Training Program
A number of industry professionals have graduated from the T3 Fellows program, a customized training course designed to prepare real estate brokers to succeed in a changing market. Across the T3 Fellows program, each broker and team owner follows a...
37,000 Acre Texas Ranch, owned by Oil Tycoon, Has Sold
Located in the northeast corner of the Texas Panhandle, Mesa Vista stretches for over 100 square miles and almost 37,000 acres along 25 miles of the Canadian River. The compound includes a five-bedroom family house, an 11,500-square-foot lake house with three...
Home Sales and New Listings Drop in February for Greater Toronto Area
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022, according to the Toronto Regional Real Estate Board. However, the number of new listings also dropped substantially year-over-year. The result was...
Flagstar Bank Donates $1 Million to Expand Appraiser Diversity
New York Community Bancorp, Inc. announced that its subsidiary, Flagstar Bank, N.A., has donated $1 million to the Appraiser Diversity Initiative (ADI), a collaboration between the Appraisal Institute, the National Urban League, Fannie Mae, and Freddie Mac. The...
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