Commissions for buyer’s agents have stayed relatively stable since new industry rules were introduced on August 17, as revealed by Redfin’s latest analysis. In October, the average commission was 2.34%, down only slightly from 2.35% in August, when the rules…
Cornerstone Building Brands, a leading North American manufacturer of exterior building products, has joined forces with LadyAID, the charitable initiative founded by GRAMMY® Award-winning trio Lady A, to donate $50,000 in exterior building products to Habitat for Humanity. This contribution…
(NASDAQ: RDFN) — Rising mortgage rates have significantly impacted homebuyers’ purchasing power, with a buyer on a $3,000 monthly budget losing $33,250 over the past six weeks. As the 30-year fixed mortgage rate reached 7% on October 28, Redfin (redfin.com),…
A recent Redfin (NASDAQ: RDFN) survey reveals that 68.7% of millennial and Gen Z homeowners feel financially better off than they were four years ago, compared to only 52.2% of young renters. This gap highlights growing economic inequality between young…
COPT Defense Properties (NYSE: CDP) (“COPT Defense” or “the Company”) recently acquired a 365-acre parcel near Des Moines, Iowa, for $32 million to support its growing data center shell program. The site, zoned for data center use, can accommodate approximately…
Encore Bank, a leading commercial bank recognized for its advanced escrow banking services, has announced a strategic partnership with Qualia, a top digital real estate closing platform in the U.S. This collaboration aims to transform the real estate closing experience…
Arc Capital Partners (“Arc”) and Belay Investment Group (“Belay”) have completed the sale of their investment in a fully leased, 18,800-square-foot retail property at 8777-8783 Beverly Blvd and 308-314 N Robertson Blvd in West Hollywood, CA. The property includes a…
InvenTrust Properties Corp. (“InvenTrust” or “IVT”) (NYSE: IVT) announced the expansion and extension of its Unsecured Revolving Credit Facility (“Revolver”), increasing its capacity from $350 million to $500 million. The Revolver’s maturity date has been extended to January 2029, with…
KB Home (NYSE: KBH), a leading U.S. homebuilder, has announced the grand opening of Dixon Trail, a new community in the desirable location of Escondido, California. These thoughtfully designed homes offer modern conveniences for today’s lifestyles, including open kitchens overlooking…
UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, has announced the release of its sixth annual ESG Report, available on the updated ESG section of the Company’s. The report highlights UDR’s ESG achievements for the 2023 calendar…
Proof, a leading provider of identity verification and digital security solutions, has announced a significant integration with ServiceLink, the nation’s top digital mortgage services provider. This partnership strengthens fraud prevention by embedding Proof’s Identify solution into ServiceLink’s processes, enhancing security…
CRH Ventures, the venture capital arm of building materials leader CRH, has announced the launch of its new accelerator program, Sustainable Building Materials. Applications are open until December 16. As a driving force in sustainable construction, CRH aims to support…