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Here at the Weekly Real Estate News we believe that knowledge leads to growth. We bring you updates every single week filled with th
RedSwan CRE, a Houston-based blockchain-based marketplace focused on tokenized commercial real estate, announced that its subsidiary RedSwan Markets has received FINRA approval for U.S. Securities and Exchange Commission broker-dealer membership.
Calvera Partners, a San Francisco-based multifamily real estate investment firm, announced its acquisition of the 152-unit 27TwentySeven Apartment Homes in Dallas.
The median U.S. monthly housing payment set a record high at $2,894 during the four weeks ending May 5, up 14% from one year earlier, according to new data from Redfin (NASDAQ:RDFN).
During this period, Redfin reported the median sale price reached
A Montana judge has blocked a housing development organized by a member of prominent local political family after a group of local residents warned the project would deplete the area’s groundwater levels.
#CarolePlymale
#environmentalrestrictions
Florida’s housing market recorded an increase in listings and higher median prices during February, according to new data from Florida Realtors.
Closed sales of single-family homes statewide last month totaled 19,040, up 2.2%
#BradOConnor
#Florida
A Washington D.C., jury ruled in favor of stockholders who disputed the federal government's handling of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) during the 2008 financial crisis.
The jury ruled that the Federal Housing Finance Agency (FHFA)
Tech Trends: No one technology solves all problems. It would be great if you could use one tool to do everything, but it’s just not possible. Technology like Customer Relationship Management or CRM offerings do a lot, but refining your email marketing
Questrade Launches Product for First-Time Canadian Homebuyers The new product follows last year’s introduction of the QuestMortgage online mortgage service.
#realestate
Massachusetts Gov. Maura Healey is proposing a new “mansion tax” strategy to fund the state’s affordable housing endeavors.
According to combined media reports, Healey’s recently proposed $4 billion housing bond bill would enable cities to enact a
Government officials are estimating that wildfires in Lahaina on the Hawaiian island of Maui killed at least 93 people and destroyed more than 2,700 properties.
U.S. home sales will likely decline by 18% this year, compounding a 17% reduction from last year – but next year should see a 15% increase in sales activity, according to a forecast from National Association of Realtors (NAR)
#homesales
#homesellers
Charlotte-based real estate developer Peter Pappas is giving $10 million to NC State University, his alma mater, for the creation of a real estate development program.
According to Business North Carolina, the new Peter A.
#Charlotte
#NCStateUniversit
Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88%
Florida’s housing market closed 2023 with 257,679 sales of existing single-family homes, down 10.3% from 2022, according to data from Florida Realtors. For existing condo-townhouses, a total of 105,411 units sold statewide in 2023, down 16% compared to
Fannie Mae (OTCQB: FNMA) announced a 3.2-point uptick in its Home Purchase Sentiment Index (HPSI) from May to June to a reading of 72.6. The HPSI is also up 6.6 points compared to the same time last year.
#FannieMae
#homebuying
#housingsentiment
The residential real estate market is still a very local business, but why can’t the local Realtor or broker be armed with both national and hyper-local data to help them become the local expert that they need to be to grow in a very tough market?
#AI
Real estate investor and social media personality Grant Cardone has filed a $100 million defamation lawsuit against former T-Mobile CEO John Legere for calling him a “con man” and a “bulls**t artist.”According to a New York Post report, Cardone filed
Roofstock onChain Sells home in Alabama as an NFT, Purchased on Ethereum platform using StableCoins Feb. 06, 2023 (Staff Writer)- Roofstock, the leading digital real estate platform specializing in single-family rental (SFR)
In observance of Feb. 28 as National Pancake Day, the Eggo brand of breakfast foods is now offering consumers the change to book a stay at the Eggo House of Pancakes in Gatlinburg, Tennessee – also known as the Pancake Capital of the South.
#Eggo
Bank of America (NYSE:BAC) is purchasing a portfolio of 2,000 commercial multifamily real estate loans from Washington Federal Bank, the wholly owned subsidiary of WaFd (NASDAQ:WAF), for $2.9 billion.
In a filing with the U.S.
#acquisition
The Saudi Arabian government has announced a major shift in its economic policies to allow non-Saudis to invest in listed companies that own real estate in the holy cities of Mecca and Medina.
The Saudi Gazette reported that Mohammed Elkuwaiz, board
Two new luxury developments combining hospitality and residential properties are now underway in the Dominican Republic.
Four Seasons Hotels and Resorts has teamed with Miami-based Cisneros Real Estate to develop the 60-acre Four Seasons Resort and
San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage.
U.S. Bank (NYSE:USB) has launched a mortgage special purpose credit program designed to expand access to homeownership within predominantly minority communities.
The U.S.
The attorneys who scored a $1.8 billion court victory in the Sitzer/Burnett case against the National Association of Realtors (NAR) and several major brokerage firms appear to be taking a cue from thelegendary Willie Sutton and are going where the
A presidential plea for rent control, California realtors under a Justice Department magnifying glass and an unlikely viral video hit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 15-19.
#BrandonJohnso
Real Estate Agent Guide to Building Relationships: Your Clients Real estate agents have one of the most critical jobs in the world – helping people find their perfect homes.
Compass Inc. (NYSE:COMP) has agreed to a $57.5 million settlement that will resolve allegations that it conspired to maintain inflated real estate commissions.
“The reason we have chosen to settle isso we can minimize distractions and focus on serving
The Greenbrier Hotel, the historic West Virginia lodging establishment, is at the center of a controversy that encompasses the upcoming election and JPMorgan (NYSE:JPM) chief Jamie Dimon.
WCHS-TV reports the Greenbrier is owned by West Virginia Gov.
Proof, the Boston-based online notarization provider formerly known as Notarize, has introduced Defend, an AI-powered fraud detection product.
The company pointed out that $81 billion in losses occur in the U.S.
#AI
#artificialintelligence
#Boston
United Wholesale Mortgage (UWM) (NYSE:UWMC) has pushed back on an attack against its operations by a hedge fund-backed Internet page that coincided with a lawsuit against the company and the hedge fund’s shorting of its stock.
#businesspractices
A new effort is underway in Congress to relocate the headquarters of the FBI from Washington, D.C., to Hunstville, Alabama.
The Wall Street Journal reported that House Judiciary Committee Chairman Jim Jordan (R-OH) . . . .
Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022.
Investors acquired $43 billion worth of homes in the
Closed sales of single-family homes in Florida totaled 14,851 in January, up 0.6% year-over-year, while existing condo-townhouse sales totaled 6,008, down 1.2% from last year, according to data from the Florida Realtors Research Department.
According to a new data report that will not be welcome by those seeking to buy existing homes, more than three-quarters (78%) of older homeowners plan to stay in their current home as they age.
A new survey of 3,000 homeowners and renters by Redfin (
Home Rents on the Rise: Double-Digit Increases in 52% of U.S. Cities Feb. 3, 2023 (Staff Writer) — Rentometer has released their Q4 2022 rent statistics for three-bedroom (3-BR) houses that are single-family rentals (SFRs).
For the second time in seven months, Dell Technologies Computer Chairman and CEO Michael Dell is listing a Boston penthouse for sale.
The Wall Street Journal reported Dell has listed his 59th floor condominium in the Millennium Tower, a 60-story glass
Realtors Say Home Staging Can Create Faster Sales with Bigger Returns Four out of five buyers’ agents (81%) said staging a home made it easier for a buyer to visualize the property’s potential.
#realestate
The number crunchers at the personal finance website WalletHub have come up with another survey, this time ranking which states have the best and worst livability aspects.
For WalletHub’s 2023’s BestStates to Live In, the company compared the 50
First Quarter of 2023 Brings a Mixed Bag of Housing Data ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 U.S.
Loan Level Price Adjustments (LLPAs) Explained Loan Level Price Adjustments (LLPAs) are additional fees implemented by the Federal Housing Finance Administration (FHFA) on certain types of mortgage loans.
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline.
The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year ago at this time, it averaged 6.60%.
Warren Buffett may be getting a large wave of new neighbors if readers of Forbes Advisor follow the publication’s advice that Omaha, Nebraska, is the best city to move to in 2024.
Omaha scored a perfect 100 out of 100 based on the point system created
The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program.
The FTC and the Utah Department of Commerce Division
Mortgage rates declined again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage is now averaging 7.29%, down from last week when it averaged 7.44%.
#FreddieMac
#mortgagerates
#SamKhate
The government of Finland is mulling the possibility of prohibiting banning Russian citizens from buying property in the country.
The Moscow Times, an independent Russian news source, reported a decision on this ban could come as early as this spring.
Affordability in homeownership has been an elusive concept for the past several years, and a new data analysis by WalletHub has identified the major cities which are the most and least affordable for prospective buyers. . . . .
Buffalo, New York-headquartered M&T Bank (NYSE:MTB) has recruited Tim Gallagher to become head of commercial real estate.
Gallagher joins M&T from Slate Asset Management, where he was managing director. . . . .
ARIA Property Services, a Texas-based real estate firm, has launched a new hiring initiative aimed at attracting experienced wholesale realtors.
According to the company, the recruitment drive is part of ARIA's ongoing expansion strategy within the
Workbox, a Chicago-based specialized workspace operator, has hired Timothy Doman as the company's first executive vice president and head of real estate.
In his new role, Doman will leverage more than 30 years of portfolio management experience across
Bedrock Energy, a Los Angeles technology startup that designs, constructs and delivers geothermal heating and cooling systems to commercial properties, announced $8.5 million in seed capital.
The financing round is led by Wireframe Ventures, with