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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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California
New York Post

Small California home size of hotel room hits market for $1.7M

April 15, 2024 Mariel Alumit Comments Off on Small California home size of hotel room hits market for $1.7M

  Developers are salivating over this pricy pocket-size palace. A bite-size 384-square-foot home on the edge of California’s Silicon Valley hit the market for a whopping $1.7 million, according to ABC 7. Located at the […]

winery
New York Post

This gorgeous $1.25M home comes with a winery — and it’s not in California

April 12, 2024 Mariel Alumit Comments Off on This gorgeous $1.25M home comes with a winery — and it’s not in California

  Sommeliers, breathe this in: a delightfully designed homestead that comes with a hobbyist vineyard. In College Station, Texas, a bucolic 10.5-acre estate featuring the 22-year-old Lone Hen Winery is set to hit the market […]

Amazon
Weely Real Estate News

Amazon Leases 2 Million SF of California Industrial Space

April 12, 2024 Mariel Alumit Comments Off on Amazon Leases 2 Million SF of California Industrial Space

The e-commerce giant Amazon (NASDAQ:AMZN) has leased approximately 2 million square feet of industrial space across in two buildings in California. According to a Bisnow report sourced from Savills data. Amazon leased roughly 1 million square feet […]

California’s
New York Post

California’s housing slump spells trouble as the state is set to get even more pricey

April 8, 2024 Mariel Alumit Comments Off on California’s housing slump spells trouble as the state is set to get even more pricey

In California’s real estate market, a slowdown in home construction is sending ripples of concern through the industry. With fewer homes being built, experts warn that the already sky-high housing prices could skyrocket further due […]

Frank Lloyd Wright
New York Post

Frank Lloyd Wright disciple’s first architectural commission asks $10.5M in California

April 4, 2024 Mariel Alumit Comments Off on Frank Lloyd Wright disciple’s first architectural commission asks $10.5M in California

  The spiraling creation of award-winning Frank Lloyd Wright disciple Wallace E. Cunningham is seeking a new owner. Just north of San Diego, in the census-designated place of Rancho Santa Fe, a twisting, avant-garde helix […]

California Dream
Weely Real Estate News

Second Round of California Dream for All Loan Program to Roll Out

April 3, 2024 Mariel Alumit Comments Off on Second Round of California Dream for All Loan Program to Roll Out

The California Dream for All program, a loan application for first-time home buyers, will allocate $250 million its second annual round beginning on April 3. According to a KQED report, last year’s inaugural cohort allocated roughly $300 […]

State Farm
Housing Wire

State Farm will not renew more than 70K property policies in California

March 26, 2024 Allen Santos Comments Off on State Farm will not renew more than 70K property policies in California

​ Illinois-based State Farm General Insurance will not renew 72,000 residential property insurance policies in California, the company announced last week. The company is withdrawing completely from offering commercial apartment policies — which impact multifamily […]

Vista Real Estate
Housing Wire

Vista Real Estate joins Sotheby’s, expanding its presence in California

March 8, 2024 Mariel Alumit Comments Off on Vista Real Estate joins Sotheby’s, expanding its presence in California

​ Sotheby’s International Realty is expanding its footprint in the Golden State. On Thursday, the Anywhere brand announced that Northern California firm Vista Real Estate had joined the Sotheby’s network. The Redding, California-based firm will […]

Liberty Reverse Mortgage
Housing Wire

Liberty Reverse Mortgage hit with class-action suit alleging violation of California labor laws

March 1, 2024 Mariel Alumit Comments Off on Liberty Reverse Mortgage hit with class-action suit alleging violation of California labor laws

​ Liberty Reverse Mortgage, a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., allegedly violated California labor laws by failing to provide employees with rest breaks, meal […]

California
Housing Wire

California judge bans ‘sham mortgage relief operation,’ issues $19M penalty

February 19, 2024 kingstu Comments Off on California judge bans ‘sham mortgage relief operation,’ issues $19M penalty

​ A judge in the U.S. District Court for the Central District of California has ordered that the operators of Home Matters USA — described as a “mortgage relief scam” by the Federal Trade Commission […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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