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Home Mortgage Lending Activity Sank During Q4 2023

Home Mortgage Lending Activity Sank During Q4 2023

by Phil Hall | Feb 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM has determined there were 1.35 million mortgages secured by residential properties issued during the fourth quarter of 2023. This represented a 13.8% drop from the third quarter – the tenth decline in the last 11 quarters. The fourth...
Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

by Phil Hall | Feb 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
New Jersey Development Site Sells for $7.5 Million

New Jersey Development Site Sells for $7.5 Million

by Phil Hall | Feb 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Tri-State Capital Markets Group announced the $7.5 million sale of a 13,000-square-foot development site located at 511-521 Newark St. in Hoboken, New Jersey. The site is part of the Southwest Hoboken Redevelopment Plan and is being presented for a potential...
Matthew M. Partridge to Step Down as SVP/CFO at CTO Realty Growth

Matthew M. Partridge to Step Down as SVP/CFO at CTO Realty Growth

by Phil Hall | Feb 29, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CTO Realty Growth Inc. (NYSE: CTO), a Winter Park, Florida-based real estate investment trust that owns and operates a portfolio of retail-based properties, announced the resignation of Matthew M. Partridge as senior vice president, chief financial officer and...
New Home Star Releases AI Platform for Real Estate Sales Training

New Home Star Releases AI Platform for Real Estate Sales Training

by Phil Hall | Feb 29, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Chicago-headquartered software company New Home Star has rolled out its new artificial intelligence (AI) platform for real estate sales training. According to the company, the platform is powered by a custom neural network model and platform draws from a...
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