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Hits and Misses for the Real Estate Week of June 19-23

Hits and Misses for the Real Estate Week of June 19-23

by Phil Hall | Jun 23, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new flurry of homebuilding, a gloomy summer for homeowners in the U.K. and a bizarre diplomatic feud involving a squatter. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: If I Had a Hammer! This week saw a...
Silverstein Properties Applies for License to Create NYC Casino

Silverstein Properties Applies for License to Create NYC Casino

by Phil Hall | Jun 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Silverstein Properties, a national real estate investment, development and management firm, has announced it will be submitting an application for one of three available licenses for the creation and operation of downstate New York-based casinos. Elite Sports NY...
Mortgage Delinquency Rate Drops to Near-Record Low

Mortgage Delinquency Rate Drops to Near-Record Low

by Phil Hall | Jun 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. mortgage delinquency rate dropped by 11 basis points in May to 3.10%, according to new data from Black Knight Inc. (NYSE:BKI). This is the second lowest that the rate has ever been – the record low is 2.92% from last March. The number of borrowers who were a...
Home Sales Continue to Decline in New York State

Home Sales Continue to Decline in New York State

by Phil Hall | Jun 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State’s housing market had another enervated month in May, according to data from the New York State Association of Realtors. Closed sales fell from 11,075 homes in May 2022 to 8,819 sales last month, a 20.4% plummet. Pending sales were down 4.1% from...
Santander Pledges $13.6 Billion for Community Reinvestment and Sustainable Finance

Santander Pledges $13.6 Billion for Community Reinvestment and Sustainable Finance

by Phil Hall | Jun 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Santander Holdings USA Inc. announced its latest Community Plan, a three-year commitment of $4.6 billion in community reinvestment and $9 billion in sustainable finance. According to the company, its commitment will be divided along these lines: $1.5 billion in small...
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