Real Estate News & Insights
Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
The company said Cutsey’s departure will enable him “to turn his attention to the next chapter of his career.” Continue Reading Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
Federal Reserve Maintains Rate Range
Only Fed Gov. Stephen Miran dissented, with a call for a quarter-percentage point rate cut. Continue Reading Federal Reserve Maintains Rate Range
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
Brazil to Conduct Real Estate Auction Using Blockchain Technology
The Brazilian auction market has been disrupted with altered documents, fake websites, and inconsistent public records. Continue Reading Brazil to Conduct Real Estate Auction Using Blockchain Technology
Mark E. Patten to Become CFO at Sun Communities
Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the company. Continue Reading Mark E. Patten to Become CFO at Sun Communities
Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
Aspen was home to four of the 10 most expensive home sales of November. Continue Reading Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
California Home Sales at 3-Year High
November also saw the statewide median home price drop by 3.9% from $886,960 in October to $852,680 in November. Continue Reading California Home Sales at 3-Year High
Report: Google Quietly Testing the Insertion of Real Estate Listings in Search Results
The test is being run in partnership with ComeHome by HouseCanary. Continue Reading Report: Google Quietly Testing the Insertion of Real Estate Listings in Search Results
Fate of Decaying Frank Lloyd Wright House in Chicago Uncertain After Failed Foreclosure Auction
Among the property’s problems are rotting wood, cracked and failing exterior stucco, exposed structural elements, and a deteriorating roof and chimney. Continue Reading Fate of Decaying Frank Lloyd Wright House in Chicago Uncertain After Failed Foreclosure Auction
Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
He was also sentenced to four years of supervised release and ordered to pay $2.16 million in restitution to the victims. Continue Reading Utah Property Manager Sentenced on Embezzlement and Bank Fraud Charges
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
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