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FCP Acquires 250-Unit Florida Multifamily Community
The financial terms of the acquisition were not disclosed. Continue Reading FCP Acquires 250-Unit Florida Multifamily Community
FCP Acquires 250-Unit Florida Multifamily Community
The financial terms of the acquisition were not disclosed. Continue Reading FCP Acquires 250-Unit Florida Multifamily Community
Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud
Lafayette RE Management LLC, a New York City-based asset manager focused on acquiring, developing, financing, and managing single-family homes, and company founder and majority owner Thibault Adrien have agreed to a $680,000 settlement to resolve allegations they...
DC Tax Firm Executive Pleads Guilty to Mortgage Fraud
A Washington, DC-based CPA has pleaded guilty to making a false statement on a mortgage application and failing to file an income tax return. Timothy Trifilo was a managing director at an unnamed tax firm where he specialized in transaction structuring and advisory...
Federal Reserve Cuts Rates for Third Straight Time
The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
NEWS & CURRENT EVENTS
RE/MAX Holdings Launches Commerce Media Network
The venture is being launched in partnership with the media agency Kontrol Media. Continue Reading RE/MAX Holdings Launches Commerce Media Network
Commercial Mortgage Delinquencies Up in Q3
Delinquencies were up in every major capital source during the third quarter. Continue Reading Commercial Mortgage Delinquencies Up in Q3
Builder Confidence Holds Steady
The component measuring sales expectations in the next six months rose to its highest level since April 2022. Continue Reading Builder Confidence Holds Steady
GOP Lawmakers Warn Biden Agencies to Stop ‘Partisan Rulemakings’ Ahead of Trump’s Inauguration
The current and incoming chairmen of the House Financial Services Committee sent letters to financial regulatory agencies within the Biden administration warning them about last-minute “finalizing partisan rulemakings” ahead of the arrival of the Trump administration....
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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.
New Rule Forces Texas Politicians to Disclose Property Ownership Activities
Politicians could face fines or criminal charges if they fail to make full disclosures. Continue Reading New Rule Forces Texas Politicians to Disclose Property Ownership Activities
European, Swiss and Canadian Central Banks Cut Rates
The European Central Bank, Swiss National Bank and Bank of Canada each reduced rates. Continue Reading European, Swiss and Canadian Central Banks Cut Rates
Asking Rents Fall to Lowest Level Since March 2022
Sun Belt markets saw the most significant declines in median rents, led by Austin (-12.4%), Tampa (-11.3%) and Raleigh (-8.4%). Continue Reading Asking Rents Fall to Lowest Level Since March 2022
Study: Most Americans Want to Age in Their Current Homes
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP's 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from June...
William Raveis Acquires Nantucket Brokerage
The brokerage was founded in 1992 as Lucille Jordan Associates. Continue Reading William Raveis Acquires Nantucket Brokerage
HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research
HUD said the project is designed to improve construction efficiency, ease of assembly, and sustainability. Continue Reading HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research
The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami
The brothers have denied the charges leveled against them. Continue Reading The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Musk is reportedly considering the purchase of a penthouse in The Bristol, a luxury building in Palm Beach. Continue Reading Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Albertsons Ends Merger Deal and Sues Kroger
The initial agreement included the offloading of 413 locations to C&S Wholesale Grocers LLC. Continue Reading Albertsons Ends Merger Deal and Sues Kroger
Refinance Surge Drives Up Mortgage Applications
The Refinance Index enjoyed a 27% bump-up from the previous week and was 42% higher than the same week one year ago. Continue Reading Refinance Surge Drives Up Mortgage Applications
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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/
