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US Housing Market Gained $2 Trillion in Value in 2023

US Housing Market Gained $2 Trillion in Value in 2023

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to new data from Redfin (NASDAQ:RDFN). The average U.S. was valued at $495,183 as of December, up from $474,740 a year earlier. In percentage terms,...
New REIT Focuses on North Dakota and Upper Midwest Real Estate

New REIT Focuses on North Dakota and Upper Midwest Real Estate

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate investment and development firm EPIC Companies has debuted Vision REIT by EPIC, a real estate investment trust designed for accredited investors in multiple real estate developments across North Dakota and the Upper Midwest. Headquartered in West...
Now Open For Vacation Rentals: The Eggo House of Pancakes

Now Open For Vacation Rentals: The Eggo House of Pancakes

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

In observance of Feb. 28 as National Pancake Day, the Eggo brand of breakfast foods is now offering consumers the change to book a stay at the Eggo House of Pancakes in Gatlinburg, Tennessee – also known as the Pancake Capital of the South. The Eggo House of Pancakes...
Mortgage Application Activity Down By 5.6%

Mortgage Application Activity Down By 5.6%

by Phil Hall | Feb 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer people were seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Feb. 23. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.6% on a seasonally adjusted...
Wanted: 7.2 Million Homes to Fill Housing Market Void

Wanted: 7.2 Million Homes to Fill Housing Market Void

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis published by Realtor.com has determined the U.S. housing market is short of up to 7.2 million homes, a deficit fueled by more than a decade of underbuilding relative to population growth. Realtor.com noted that an additional 1.7 million households...
Former Silverstein Properties CEO Marty Burger Launches Infinity Global Real Estate Partners

Former Silverstein Properties CEO Marty Burger Launches Infinity Global Real Estate Partners

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

One of New York City’s most prominent real estate executives has launched a new company focused on development, acquisitions, financing and fund management across the United States. Marty Burger, the former CEO of Silverstein Properties, has announced the opening of...
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