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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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Florida
Housing Wire

Court temporarily blocks Florida law barring Chinese citizens from owning property

February 6, 2024 Allen Santos Comments Off on Court temporarily blocks Florida law barring Chinese citizens from owning property

​ A U.S. appeals court has halted the enforcement of a Florida law that bans Chinese citizens from purchasing property in the state, multiple news outlets reported. The decision places the law on hold until […]

New York
Top News

Billionaires bounce: New York lost millions in revenue as ultra-wealthy flee for Florida

November 12, 2023 Allen Santos Comments Off on Billionaires bounce: New York lost millions in revenue as ultra-wealthy flee for Florida

The Empire State has lost 10 billionaires in the past four years, and those moves have hurt New York‘s bottom line for tax revenue. The Forbes 400 list, which compiles the richest Americans by net worth, shows only […]

Ilya Kovalchuk
Celebrities

Ilya Kovalchuk nabs a buyer for NJ mansion amid listing Miami Beach condo

October 31, 2023 Mariel Alumit Comments Off on Ilya Kovalchuk nabs a buyer for NJ mansion amid listing Miami Beach condo

Russian-born All-Star hockey player Ilya Kovalchuk and his wife, Russian singer Nicole Andrazajtis Kovalchuk, have found a buyer for their New Jersey mansion, located in affluent Alpine. The sale price, we hear, is close to […]

Home Values

Jeff Bezos buys neighbor’s Florida mansion for $79M, second ‘Billionaire Bunker’ purchase

October 13, 2023 Mariel Alumit Comments Off on Jeff Bezos buys neighbor’s Florida mansion for $79M, second ‘Billionaire Bunker’ purchase

Jeff Bezos reportedly scooped up a $79 million mansion in Florida’s exclusive “Billionaire Bunker” island — two months after buying the home next door for $68 million. The Amazon founder and the world’s third-richest person […]

Commercial Real Estate

How South Florida is winning the nation’s real estate war

October 10, 2023 Mariel Alumit Comments Off on How South Florida is winning the nation’s real estate war

It’s boom time in South Florida. In downtown Miami, ground is being cleared for Florida’s tallest office tower, with 1.5 million square feet to be filled by firms that have, yet, no actual presence in […]

Housing Wire

New York and Florida remain most exposed to mortgage fraud risks: CoreLogic

October 6, 2023 Mariel Alumit Comments Off on New York and Florida remain most exposed to mortgage fraud risks: CoreLogic

The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined 3.1% year-over-year in Q2 of 2023 compared to the second quarter of 2022, […]

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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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