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MRI Software Adds Income Verification Feature to Property Management Suite

MRI Software Adds Income Verification Feature to Property Management Suite

by Phil Hall | Sep 22, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Solon, Ohio-based MRI Software has launched a new automated income verification offering for multifamily leasing. This new offering is now available in MRI’s CheckpointID and MRI Resident Screening products as part of the MRI Living suite of property management...
Florida Existing Home Sales Down in August

Florida Existing Home Sales Down in August

by Phil Hall | Sep 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded 22,917 closed sales of existing single-family homes in August, down 7.9% year-over year, while existing condo-townhouse sales totaled 9,279, down 7.2% from the same time one year ago, according to data from Florida Realtors. Last...
W.P. Carey to Exit the Office Property Space

W.P. Carey to Exit the Office Property Space

by Phil Hall | Sep 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

W.P. Carey Inc. (NYSE: WPC), the New York City-based net lease real estate investment trust, announced that it will begin to jettison the office assets within its portfolio. The company is exiting the office space in a two-pronged approach. The first strategy involves...
Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales

Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales

by Phil Hall | Sep 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Capital Square, a Richmond, Virginia-based national firm specializing in tax-advantaged real estate investments, has promoted Natalie Stephens to regional vice president for Southwest sales. In her new role, Stephens will provide sales and marketing support for...
Mortgage Rates Flat, But Still Above 7%

Mortgage Rates Flat, But Still Above 7%

by Phil Hall | Sep 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
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