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Mortgage Application Activity Up Nearly 3%

Mortgage Application Activity Up Nearly 3%

by Phil Hall | Dec 4, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded an uptick for the week ending Nov. 29, according to data from the Mortgage Bankers Association (MBA); the data included include an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage...
Report: Hunter Biden Owes Landlord $300,000 in Unpaid Rent

Report: Hunter Biden Owes Landlord $300,000 in Unpaid Rent

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Hunter Biden’s legal problems may not be over despite receiving an unconditional pardon from his father, President Joe Biden. According to a Fox News report, Biden is being accused of owing more than $300,000 in unpaid rent on his former Los Angeles-area residence....
New Forecast Predicts 3.7% Home Sale Price Growth in 2025

New Forecast Predicts 3.7% Home Sale Price Growth in 2025

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The coming year will see home sale prices will grow by 3.7% while mortgage rates will stay above 6% and rents will remain virtually unchanged, according to a new forecast from Realtor.com. Realtor.com’s forecast is also pointing to an 11.7% increase in existing home...
New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development

New Proposal Seeks to Turn Historic Connecticut Building into Mixed-Use Development

by Phil Hall | Dec 4, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

One of the Connecticut’s most iconic historic buildings is the focus of a proposed $12 million project to transform the headquarters of a local daily newspaper into a mixed-use project. The Hartford Business Journal reports the Waterbury Union Station building, the...
Mark Bratt to Step Down as CEO at Westwood Financial

Mark Bratt to Step Down as CEO at Westwood Financial

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Westwood Financial, the Los Angeles-headquartered retail real estate investment firm, announced that CEO Mark Bratt will retire at the end of the month. Bratt has been Westwood’s CEO since January 2019. He was previously a senior managing director at CBRE, and earlier...
Baltimore Enacts New Special Property Tax on Vacant Homes

Baltimore Enacts New Special Property Tax on Vacant Homes

by Phil Hall | Dec 3, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Baltimore Mayor Brandon Scott has signed into law a bill that creates a special property tax increase for vacant homes. CBS News reported the bill was introduced in early October and was unanimously sponsored by the members of the City Council. The tax increase is...
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