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Mortgage Rates at Highest Level Since July

Mortgage Rates at Highest Level Since July

by Phil Hall | Jan 2, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates started the New Year moving closer to the 7% mark, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2, up from last week when it averaged 6.85%. A year ago...
Report: West Virginia Named Top State for 2024’s Inbound Migration

Report: West Virginia Named Top State for 2024’s Inbound Migration

by Phil Hall | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

West Virginia led the nation for inbound migration during 2024 while New Jersey saw the greatest outbound migration, according to United Van Lines’ 48th Annual National Movers Study. West Virginia had the highest percentage of inbound migration (66%) among the states...
NYC Garbage Truck Garage to be Redeveloped as Affordable Housing

NYC Garbage Truck Garage to be Redeveloped as Affordable Housing

by Phil Hall | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City is taking at trashy approach to its housing shortage – an old garage for garbage trucks is being converted into a 232-unit development. According to The Gothamist, the 115,000-square-foot garage on Staten Island will become an affordable housing complex...
Mortgage Applications Down Over a Two-Week Period

Mortgage Applications Down Over a Two-Week Period

by Phil Hall | Jan 2, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications decreased 21.9% from two weeks earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 27, 2024; the results included an adjustment to account for the Christmas holiday. The Market Composite Index, the...
Utah Film Producer Sentenced for Forcibly Retaking Home Seized in Tax Evasion Case

Utah Film Producer Sentenced for Forcibly Retaking Home Seized in Tax Evasion Case

by Phil Hall | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Utah-based film producer was sentenced to an aggregate of six years in prison for tax evasion and forcibly retaking a house and land that had been seized under court order to pay his outstanding tax debt. Paul Kenneth Cromar owned a home in Cedar Hills, Utah, and...
Rhino Investments Group Acquires Oregon Retail Center

Rhino Investments Group Acquires Oregon Retail Center

by Phil Hall | Jan 2, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rhino Investments Group, a Las Vegas-based commercial real estate firm, has acquired Lancaster Marketplace, a retail center in Salem, Oregon. Spanning a location at the busy intersection of Lancaster Drive and Highway 22, Lancaster Marketplace is anchored by WinCo...
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