Featured Real Estate News
Kite Realty Group Promotes Heath R. Fear to President
Kite Realty Group (NYSE: KRG), an Indianapolis-headquartered real estate investment trust focused on open-air shopping centers and mixed-use destinations, has promoted Heath R. Fear from executive vice president and chief financial officer to president and chief...
Kite Realty Group Promotes Heath R. Fear to President
“He is a trusted partner to me, our board, and the leadership team.” said Chairman and CEO John A. Kite. Continue Reading Kite Realty Group Promotes Heath R. Fear to President
Century Communities to Begin Sales at New South Carolina Townhome Community
The homebuilder Century Communities Inc. (NYSE: CCS) announced it will soon begin selling residences at its latest project, Ellison Townhomes in Spartanburg, South Carolina. The new townhome community will offer 1,402-square-foot residences with three bedrooms and an...
Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
President Trump announced that his administration has extracted a pledge from the technology companies behind the data center construction surge that they need to provide their own power for these facilities. During last night’s State of the Union address, the...
Mortgage Application Activity Remains Flat
Mortgage application activity was mostly flat for the week ending Feb. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by only 0.4% on a seasonally adjusted...
News & Current Events
Kentucky Home Sales Drop Amid Spike in New Listings
“Despite being in the middle of real estate’s slower season, now is still a great time to buy in Kentucky,” said Kentucky Realtors CEO Josh Summers. Continue Reading Kentucky Home Sales Drop Amid Spike in New Listings
DDB Capital to Create 52-Acre Residential Community in Alabama
The first home sales are anticipated in the fourth quarter of this year. Continue Reading DDB Capital to Create 52-Acre Residential Community in Alabama
New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
The new tool simulates how different credit actions could impact several of the FICO Score versions used in mortgage lending. Continue Reading New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
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Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Newsom did not publicly comment on the lawsuit. Continue Reading Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Granite Real Estate Investment Trust to Delist from the NYSE
Granite has also filed an application for its units to be quoted on the OTCQX platform, to begin trading on or about Dec. 23. Continue Reading Granite Real Estate Investment Trust to Delist from the NYSE
Fed Cuts Rates by Quarter Point
The decision by the central bank’s policy making Federal Open Market Committee had three of the 12 committee members dissenting. Continue Reading Fed Cuts Rates by Quarter Point
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
eXp Announces Additions to C-Suite
“Growth isn’t just learned, it’s lived,” said CEO Leo Pareja. Continue Reading eXp Announces Additions to C-Suite
The Agency Expands in Texas with New Office in Waco
The Agency Waco will be led by Managing Partners Amanda Cunningham and Matthew Cunningham. Continue Reading The Agency Expands in Texas with New Office in Waco
Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
Rosemary Tucker, who operates “Hoodies 4 Healing,” was arrested last week after a months-long investigation by the Houston Police Department’s Major Offenders Division. Continue Reading Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%