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Refinancing Surge Fuels Rise in Mortgage Application Activity

Refinancing Surge Fuels Rise in Mortgage Application Activity

by Phil Hall | Aug 13, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity took a substantial increase for the week ending Aug. 8 thanks to an uptick in refinance inquiries, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application...
Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

Palmetto Plaza, Miami-Area Retail Center, Sells for $46 Million

by Phil Hall | Aug 13, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Core Palmetto, an affiliate of Miami-based Core Investment Management, announced the sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida. Core acquired Palmetto Plaza in 2021 for $33 million. While the company did not state the sale...
John Hedlund to Become MBA’s Next Vice Chairman

John Hedlund to Become MBA’s Next Vice Chairman

by Phil Hall | Aug 13, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) announced the nomination of John Hedlund as its vice chairman for the 2026 membership year. Hedlund is vice chairman of ICE Mortgage Technology and has been active within the MBA as a member of its board of directors, as board...
Canadian REIT Buys Dallas-Area Apartment Complex for $87.5 Million

Canadian REIT Buys Dallas-Area Apartment Complex for $87.5 Million

by Phil Hall | Aug 13, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Toronto-headquartered BSR Real Estate Investment Trust (TSX: HOM.U, HOM.UN) announced that it has purchased The Ownsby Apartments in the Dallas submarket of Celina, Texas submarket for $87.5 million. Completed earlier this year, The Ownsby comprises 368 apartment...
California Home Affordability Improves Slightly From One Year Ago

California Home Affordability Improves Slightly From One Year Ago

by Phil Hall | Aug 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market

Only 15% of California households could afford to purchase the $905,680 median-priced home in the second quarter, down from 17% in the first quarter and up slightly from 14% in the second quarter of 2024. According to data from the California Association of Realtors...
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