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Hits and Misses for the Real Estate Week of May 29-June 2

Hits and Misses for the Real Estate Week of May 29-June 2

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The world’s richest man talks about real estate, a tenant pulls a fast one on his trusting landlord and a historic theater gets a new lease on life. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: Mr. Musk Weighs...
Mariah Carey Sells Atlanta Mansion at Discounted Price

Mariah Carey Sells Atlanta Mansion at Discounted Price

by Phil Hall | Jun 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mariah Carey hit a decidedly off-key note in the effort to sell her Atlanta mansion. According to the Atlanta Journal-Constitution, the Grammy-winning music star acquired her 4-acre property featuring a 12,575-square-foot residence with nine bedrooms and nine...
Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

by Phil Hall | Jun 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Inflation is hammering homeowners who were previously eager to pursue renovations on their residence, according to a new survey from Discover Home Loans. However, a challenging economy is also keeping most of their homeowners from moving out and searching for a new...
FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers

FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers

by Phil Hall | Jun 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Boston (FHLBank Boston) is rolling out Lift Up Homeownership, a pilot program designed provide down payment and closing cost assistance to people of color who are purchasing their first home. Lift Up Homeownership will be available to...
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1

by Phil Hall | Jun 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

by Phil Hall | Jun 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) has reached a $3 million settlement with ESSA Bank & Trust (ESSA) to resolve allegations that it engaged in the redlining of majority-Black and Hispanic neighborhoods in and around Philadelphia. According to the DOJ, ESSA...
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  • Hits and Misses for the Real Estate Week of May 29-June 2
  • Mariah Carey Sells Atlanta Mansion at Discounted Price
  • Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move
  • Feds Seek Input on Updating AVM Quality Control Standards

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