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Developer Proposes 134-Story Apartment Tower for Oklahoma City

Developer Proposes 134-Story Apartment Tower for Oklahoma City

by Phil Hall | Dec 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A California developer has proposed an apartment tower for Oklahoma City that would be the second tallest building in the nation. According to a report in The Oklahoman, Scot Matteson has put forth a proposal to create a 134-story apartment tower as part of a...
After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property

After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property

by Phil Hall | Dec 20, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

After leasing its flagship store on New York City’s Fifth Avenue since 1997, the luxury retailer Prada (OTC:PRDSF) is paying $425 million to buy the property. Reuters reported Prada will take ownership of the five-story store and its accompanying seven-story office...
Mortgage Application Activity Trends Downward

Mortgage Application Activity Trends Downward

by Phil Hall | Dec 20, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the week ending Dec. 15, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 1.5% on a seasonally adjusted basis from...
Existing Homes Sales Up for First Time in 5 Months

Existing Homes Sales Up for First Time in 5 Months

by Phil Hall | Dec 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales inched up in November, breaking a five-month streak of consecutive declines, according to the National Association of Realtors (NAR). Total existing home sales rose by 0.8% from October to a seasonally adjusted annual rate of 3.82 million in...
US Population Grew by 1.6 Million This Year

US Population Grew by 1.6 Million This Year

by Phil Hall | Dec 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. gained more than 1.6 million people over the past year, growing by 0.5% to 334,914,895, according to the Vintage 2023 population estimates published by the U.S. Census Bureau. More states experienced population growth in 2023 than in any year since the start...
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