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Mortgage Rates Go Into Decline

Mortgage Rates Go Into Decline

by Phil Hall | Feb 6, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of Feb. 6, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.64%. The...
Equus Capital Partners’ Chairman Named Honorary Consul of San Marino

Equus Capital Partners’ Chairman Named Honorary Consul of San Marino

by Phil Hall | Feb 6, 2025 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Equus Capital Partners, a Philadelphia-headquartered private equity real estate fund management firm, announced that Chairman Daniel DiLella has been appointed Honorary Consul of the Republic of San Marino in Delray Beach, Florida, with jurisdiction over the states of...
Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

by Phil Hall | Feb 6, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The fourth quarter of 2024 saw home price increases in 89% (201 out of 226) of metro markets, according to the National Association of Realtors (NAR), with 14% of the metro areas posting double-digit price gains over the same period, up from 7% in the third quarter....
Toronto Home Sales Down in January While New Listings Expand

Toronto Home Sales Down in January While New Listings Expand

by Phil Hall | Feb 6, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A total of 3,847 homes were sold in the Greater Toronto Area (GTA) through the Toronto Regional Real Estate Board’s (TRREB) MLS System in January, down by 7.9% from the 4,177 transactions recorded in the same period last year. Although sales activity was down, new...
Thompson Thrift to Develop New 312-Unit Multifamily Community in Florida

Thompson Thrift to Develop New 312-Unit Multifamily Community in Florida

by Phil Hall | Feb 6, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate developer Thompson Thrift announced that it will develop Velara, a 312-unit Class A multifamily community in the Nocatee master planned community in Ponte Vedra, Florida. Velara will be based on a 12.5-acre site and will encompass three-story buildings...
Realtor.com Moves HQ from California to Texas

Realtor.com Moves HQ from California to Texas

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin. The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the...
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