Real Estate Agent Tools
Existing-home sales dip again as median prices reach historic heights
Source: Scotsman Guide --- Existing-home sales fell for the fourth straight month in May, sliding to a two-year low as median prices topped $400,000 nationally for the first time ever, according to the National Association of Realtors (NAR). Total sales ended May at a...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
New Lending Platform Aims at Multifamily Property Owners
The target loan amounts for the new endeavor are expected to range between $15 million and $100 million. Continue Reading New Lending Platform Aims at Multifamily Property Owners
Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects
Mahmood Peyawary is a Royal LePage agent who was both the seller and listing agent on the property. Continue Reading Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects
Michigan Real Estate Agent Sentenced in Child Predator Case
64-year-old John DeMarco received a sentence of 30 to 240 months. Continue Reading Michigan Real Estate Agent Sentenced in Child Predator Case
Leadership Change at Arch Capital Group
Nicolas Papadopoulo will succeed the retiring Marc Grandisson. Continue Reading Leadership Change at Arch Capital Group
Hits and Misses for the Real Estate Week of Oct. 7-11
A busy week for NAR, the struggle by Maui’s wildfire survivors, and guess who’s coming to dinner (and breakfast and lunch)? Continue Reading Hits and Misses for the Real Estate Week of Oct. 7-11
7-Eleven to Close 444 Stores Across North America
The company did not provide details on which stores it would close and which would be sold and then leased. Continue Reading 7-Eleven to Close 444 Stores Across North America
Morguard Breaks Ground on Rental Community in Mississauga
“This project will enable residents to experience rental living at a higher level,” said Morguard Senior Vice President of Development Brian Athey. Continue Reading Morguard Breaks Ground on Rental Community in Mississauga
Chase Properties Acquires Retail Plazas in Upstate New York and Virginia
“Creekside Plaza and Waynesboro Town Center have strong tenant rosters with a proven history of robust sales performance,” said Co-CEO Andrew Kline. Continue Reading Chase Properties Acquires Retail Plazas in Upstate New York and Virginia
Indiana Home Sales Up in September
Homes sold for a statewide median price of $260,000, up 5% from year earlier but down from the June peak of $273,000. Continue Reading Indiana Home Sales Up in September
15-Story Oakland Office Tower and Garage Sells at a Loss
The properties last changed hands in 2019 for $175 million. Continue Reading 15-Story Oakland Office Tower and Garage Sells at a Loss
