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Marx Realty Announces New Tenant for NYC’s 10 Grand Central

Marx Realty Announces New Tenant for NYC’s 10 Grand Central

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The property developer and manager Marx Realty announced a new tenant at 10 Grand Central, its historically significant office property in New York City. UpSlide, a provider of productivity and brand compliance Software-as-a-Service solutions to the finance industry,...
Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?

Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?

by Dr. E.J. Antoni | Mar 12, 2024 | Guest Opinion, Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Dr. E.J. Antoni is a public finance economist at The Heritage Foundation. This article is edited and adapted from prepared remarks delivered today before the U.S. Senate Committee on Banking, Housing and Urban Affairs.  Over the last three years, prices have risen...

Texas Home Sales Dropped 11% in 2023

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Texas home sales were down by 11% during 2023, with 327,921 in total sales. According to Texas Realtors, this is the lowest sales level since 2016. The statewide median price for $335,100 was 2023, a 1.4% drop from the previous year, although more Texas metros saw...
Foreclosure Activity Records Annual Increase

Foreclosure Activity Records Annual Increase

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month saw a total of 32,938 residential properties with foreclosure filings, according to new data from ATTOM. This is down 1% from January but up 8% from February 2023. Lenders repossessed 3,397 properties through completed foreclosures (REOs) in February, down...
Hispanic Homeownership Rate Reached 49.5% in 2023

Hispanic Homeownership Rate Reached 49.5% in 2023

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 owner-households – the largest single-year increase since 2005 and the largest homeownership rate upswing for any racial or ethnic demographic group compared to the year prior, according...
Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023

Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced that its Multifamily Apartment Investment Market Index (AIMI) decreased in the fourth quarter of 2023 but increased over the full year. AIMI fell nationally and in all 25 regional markets measured for the fourth quarter of 2023, as...
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