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Florida Insurance Company in Settlement Over Bogus Hurricane Claims

Florida Insurance Company in Settlement Over Bogus Hurricane Claims

by Phil Hall | Apr 3, 2025 | Uncategorized

Florida Attorney General James Uthmeier has secured $4 million in fines from Universal Property & Casualty Insurance Company (UPCIC) to resolve allegations that the company fraudulently submitted numerous ineligible claims for reimbursement from the Florida...
Crescent Seas Adds Second Ship to Nautical Residential Portfolio

Crescent Seas Adds Second Ship to Nautical Residential Portfolio

by Phil Hall | Apr 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Crescent Seas, a provider of residential luxury living at sea, has added of a second ship to its portfolio. The Crescent Seas’ second ship, Insignia, will undergo a more than $50 million comprehensive revitalization and will feature 290 residences priced from...
Mortgage Rates Continue to Decline

Mortgage Rates Continue to Decline

by Phil Hall | Apr 3, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates sank again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.64% as of April 3, down slightly from last week when it averaged 6.65%. A year ago at this time, it averaged...
Avanti Residential Unveils LIHTC-Focused Affiliate

Avanti Residential Unveils LIHTC-Focused Affiliate

by Phil Hall | Apr 3, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Avanti Residential, a Denver-based multifamily investor and operator, has rolled out its new affiliate Avanti Residential Housing, which will focus on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation. The new Tampa-based affiliate will...
Toronto Home Sales and Prices in Decline

Toronto Home Sales and Prices in Decline

by Phil Hall | Apr 3, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 5,011 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in March, a 23.1% year-over-year decline. On an unadjusted basis, March sales were down month-over-month compared to February. While sales were down, new...
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