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21.8% Increase in New Home Purchase Mortgage Applications

21.8% Increase in New Home Purchase Mortgage Applications

by Phil Hall | Dec 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases during November recorded a 21.8% year-over-year increase, according to new data from the Mortgage Bankers Association (MBA). Compared to October 2023, applications were down by 12%. MBA estimated new single-family home...
Housing Starts Surged in November

Housing Starts Surged in November

by Phil Hall | Dec 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in November were at a rate of 1.14 million, the highest level in six months, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This represents an 18% increase from the revised October...
A Phil Hall Op-Ed: What Will 2024 Offer Us?

A Phil Hall Op-Ed: What Will 2024 Offer Us?

by Phil Hall | Dec 18, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Over the past couple of weeks, there have been a number of forecasts about where the U.S. economy in general – and the housing market, in particular – will be heading in 2024. There are a few easy predictions that I can make. For starters, I can...
Study: 1 in 5 Canadians Struggling to Cover Their Basic Needs

Study: 1 in 5 Canadians Struggling to Cover Their Basic Needs

by Phil Hall | Dec 18, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian households are struggling to meet their basic needs, with housing security among their top concerns, according to the 2023 Canadian Poverty and Socioeconomic Analysis report published by the Salvation Army Canada. In a survey of more than 1,500 Canadians, the...
Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale

Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale

by Phil Hall | Dec 18, 2023 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), has announced the $171.25 million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks, California. The portfolio features Los Robles Apartments, a 253-unit...
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