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Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year

Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion this year, according to an updated forecast from the Mortgage Bankers Association (MBA). This represents a 16% increase from 2024’s estimated total of $503 billion....
January Foreclosure Activity Up 8% Month-Over-Month

January Foreclosure Activity Up 8% Month-Over-Month

by Phil Hall | Feb 11, 2025 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 30,816 residential properties carried foreclosure filings in January, according to new data from ATTOM. This is up 8% from December and down 7% from January 2024. Nationwide, one in every 4,618 housing units had a foreclosure filing last month. The states...
Honolulu Real Estate Developer Indicted for Illegal Campaign Contributions

Honolulu Real Estate Developer Indicted for Illegal Campaign Contributions

by Phil Hall | Feb 11, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A Honolulu real estate developer was indicted for illegal political campaign contributions. Timothy Lee, CEO of JL Capital,48, was indicted by the Oahu Grand Jury and charged with nine counts of False Name Contribution that occurred in 2020. According to the...
Mid-Atlantic Home Sales Up in January

Mid-Atlantic Home Sales Up in January

by Phil Hall | Feb 11, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mid-Atlantic region recorded a total of 13,117 transactions closed in January, up 8.5% increase from one year earlier, while the total of 14,971 new pending sales in January was down 5.2% from one year ago, according to data from Bright MLS. Showing activity was...
Century 21 Real Estate in Partnership with Major League Soccer

Century 21 Real Estate in Partnership with Major League Soccer

by Phil Hall | Feb 11, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Century 21 Real Estate LLC, a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has announced a new multiyear partnership with Major League Soccer (MLS). In this partnership, Century 21 will serve as the Official Real Estate Services Partner of MLS, the MLS...
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