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Redevelopment Initiative Announced for Haverhill, Massachusetts

Redevelopment Initiative Announced for Haverhill, Massachusetts

by Phil Hall | Jun 30, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Historic New England, an independent preservation organization, has announced it will pursue a transformational redevelopment initiative in Haverhill, Massachusetts. The initiative will encompass more than three acres of historic buildings and vacant property in the...
Regulators Ask Banks to ‘Work Prudently and Constructively’ with CRE Borrowers

Regulators Ask Banks to ‘Work Prudently and Constructively’ with CRE Borrowers

by Phil Hall | Jun 30, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The four federal banking regulators have called on the nation’s financial institutions to “work prudently and constructively” with credit-worthy clients that are dealing with pressure related to the commercial real estate market. The statement from the Federal...
Nearly One-Third of San Francisco’s Office Properties are Vacant

Nearly One-Third of San Francisco’s Office Properties are Vacant

by Phil Hall | Jun 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

If you’re looking to lease office space in San Francisco, you have an excessive quantity of choices at your disposal. New data from the commercial real estate brokerage CBRE (NYSE:CBRE) determined 31.8% of San Francisco’s office properties were vacant during the...
Mortgage Rates Are Up Again

Mortgage Rates Are Up Again

by Phil Hall | Jun 29, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates are back on the upswing, according to the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 29, up from last week when it averaged 6.67%. One year ago at this time, it...
Affordable Homeownership Opportunities Continue to Dwindle

Affordable Homeownership Opportunities Continue to Dwindle

by Phil Hall | Jun 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos were less affordable in the second quarter of this year compared to historical averages in 98% of counties around the nation with enough data to analyze, according to a new report from ATTOM. Nationwide, the median...
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