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Fewer Pending Home Sales During August

Fewer Pending Home Sales During August

by Phil Hall | Sep 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in August were down 7.1% from July and down 18.7% from August 2022, according to data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings,...
Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water

Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water

by Phil Hall | Sep 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Would you pay roughly $42,000 to live in a train caboose in the Georgia woods? If that tickles your fancy, we have just the property for you. Yes, a train caboose built in 1976 is being offered as a riverfront residential property on an acre of land in Dahlonega,...
NYC Issues RFP for Redevelopment of Historic Armory

NYC Issues RFP for Redevelopment of Historic Armory

by Phil Hall | Sep 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New York City Economic Development Corp. (NYCEDC) issued a Request for Proposals (RFP) for a developer to lease, redevelop, and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx and one of the largest armory buildings in the world....
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

by Phil Hall | Sep 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
Mortgage Application Activity Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | Sep 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity declined last week, according to new data the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1.3% on a seasonally adjusted basis from...
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