Featured Real Estate News
Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
More than half of Americans believe advances in artificial intelligence (AI) results could make it more difficult for them to become homeowners. According to a survey commissioned by Redfin, nearly three in five respondents (59%) feared that AI will result in the...
Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
Redfin cited estimates that predicted AI could displace up to 30% of US jobs, with 80% of workers affected in some way. Continue Reading Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
Maryland Home Sales Down Amid Inventory Shortages
A total of 3,660 homes were sold in Maryland during January, which represented an 11.9% drop from the 4,155 sales recorded one year earlier. But while sales were down, new data from Maryland Realtors showed pending sales were up by 8.1% over the same period. Still,...
American Express to Build 55-Story HQ at World Trade Center Site
American Express (NYSE: AXP) has unveiled plans for a new global headquarters at 2 World Trade Center in Lower Manhattan. The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. This marks the final...
Memphis Notary Sentenced for Role in Real Estate Fraud Scheme
A notary in Memphis was sentenced to 57 months in federal prison for her role in a real estate fraud scheme. According to the charges brought against her, Shaneika Seymore notarized multiple fraudulent quitclaim deeds which purported to transfer ownership from the...
News & Current Events
Janitorial Worker Wanted for Stealing Checks and Embezzling from Baton Rouge Realtor
Ariel Brown is being sought on 48 counts of embezzlement and forgery for the 48 checks she allegedly stole and altered. Continue Reading Janitorial Worker Wanted for Stealing Checks and Embezzling from Baton Rouge Realtor
Michigan House Speaker Proposes $4.7 Billion Tax on Higher-Income Services to Replace Property Taxes
“I can’t see them wanting to vote against property tax cuts,” Rep. Hall said about Democratic lawmakers. Continue Reading Michigan House Speaker Proposes $4.7 Billion Tax on Higher-Income Services to Replace Property Taxes
Century Communities to Begin Sales at New South Carolina Townhome Community
Pricing for the residences start in the low $200,000s. Continue Reading Century Communities to Begin Sales at New South Carolina Townhome Community
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Exclusive News
Report: Median Asking Rent Down for 28th Straight Month
The new report also warned that rental affordability for minimum wage earners remains a challenge. Continue Reading Report: Median Asking Rent Down for 28th Straight Month
Newmark Grows Global Presence in Korea and Middle East
The new South Korean office is based in the capital city of Seoul and will be led by John Pritchard serving as managing director and country head. Continue Reading Newmark Grows Global Presence in Korea and Middle East
New Coalition Seeks to Protect Quartz Industry Jobs
“The US quartz industry is an American success story built by small and family-owned American businesses,” said Rupesh Shah, co-CEO of the distributor M S International. Continue Reading New Coalition Seeks to Protect Quartz Industry Jobs
Von Maur Department Stores to Open First New Jersey Location
The three-level, approximately 164,000 square foot Von Maur location expects to employ approximately 150 full-time and part-time associates. Continue Reading Von Maur Department Stores to Open First New Jersey Location
New Home Purchase Mortgage Applications Up 3.1% in November
The average loan size for new homes decreased from $381,404 in October to $378,063 in November. Continue Reading New Home Purchase Mortgage Applications Up 3.1% in November
New Report Names Detroit as America’s Neediest City
“The city has the third-highest share of households lacking complete plumbing facilities and the 10th-highest share lacking complete kitchen facilities,” the report said. Continue Reading New Report Names Detroit as America’s Neediest City
Builder Confidence Inches Up Slightly, But Pessimism Remains
The latest HMI survey also found 40% of builders were cutting prices in December. Continue Reading Builder Confidence Inches Up Slightly, But Pessimism Remains
Canadian Home Sales and Prices Down During November
There were 173,000 properties listed for sale across all Canadian MLS Systems at the end of November, up 8.5% from one year earlier. Continue Reading Canadian Home Sales and Prices Down During November
Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb
The multifamily developer Thompson Thrift announced that it will develop Wrenly, a 214-unit community in the Atlanta suburb of Newnan, Georgia. Continue Reading Thompson Thrift to Develop 214-Unit Multifamily Community in Atlanta Suburb