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Suburban homes gaining value faster than urban counterparts, Zillow finds
Source: Scotsman Guide --- A new Zillow study found that homes in U.S. suburbs have recently been appreciating faster than urban homes, reversing historic norms and highlighting buyers’ preferences away from urban areas even as the COVID-19 pandemic continues to ease....
Are Reluctant Home Sellers Too Attached to Their Low Rates?
Source: Nerdwallet --- You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the...
New Forecast Predicts Pricing Increases for NYC Commercial Properties
“We anticipate a robust growth trajectory for commercial real estate in New York City,” said Gregory Kraut, CEO of KPG Funds. Continue Reading New Forecast Predicts Pricing Increases for NYC Commercial Properties
Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region
Smith served as vice president of investments at MoxieBridge in Dallas. Continue Reading Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region
Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud
“Title insurance offers protection when seller impersonation fraud does occur,” said ALTA CEO Diane Tomb. Continue Reading Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud
Report: GSEs Planning Tougher Rules on Multifamily Lenders
Fannie Mae and Freddie Mac together owned or guaranteed nearly 40% of the $2.2 trillion in multifamily mortgage debt. Continue Reading Report: GSEs Planning Tougher Rules on Multifamily Lenders
Exuma Capital Partners Launches AI-Powered Platform Property.com
According to a statement from the company, Property.com “empowers homeowners to take control of their most significant investments with ease.” Continue Reading Exuma Capital Partners Launches AI-Powered Platform Property.com
WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
The new commitment expands the W. P. Carey Foundation’s gifting to the school to more than $100 million. Continue Reading WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
Manhattan Office Building Sells in Auction at 97.5% Loss
The property was built in 1963 on the site of the 5,920-seat Roxy Theatre, which was once the world’s largest cinema. Continue Reading Manhattan Office Building Sells in Auction at 97.5% Loss
$4 Billion Settlement Reached in Maui Wildfires Devastation
“This global settlement of over $4 billion will help our people heal,” said Gov. Josh Green. Continue Reading $4 Billion Settlement Reached in Maui Wildfires Devastation
The Urgent Need to Deregulate Housing: John G. Stevens’ Perspective
In a recent article on WRE News titled "Renter Population is Growing 3X Faster Than Homeowner Population," I was drawn in by the alarming data. The number of US renter households in the second quarter grew by 1.9% year-over-year, according to a new data report from...
Hits and Misses for the Real Estate Week of July 29-Aug. 2
This week’s Hits and Misses include reckless political talk about housing, Chevron moving its headquarters to Texas and a contaminated school for sale. Continue Reading Hits and Misses for the Real Estate Week of July 29-Aug. 2
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