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RealPage in Partnership with Habitat for Humanity International

RealPage in Partnership with Habitat for Humanity International

by Phil Hall | Dec 15, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

RealPage, a Richardson, Texas-based provider of AI-enabled software platforms to the real estate industry, has announced a strategic partnership with Habitat for Humanity International. Through its philanthropic program RealPage Cares, the company is committing to at...
Los Angeles Affordable Housing Community to Be Built on Former Industrial Site

Los Angeles Affordable Housing Community to Be Built on Former Industrial Site

by Phil Hall | Dec 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Thrive Living has partnered with JPMorgan Chase (NYSE:JPM) on a new 376-unit affordable and workforce housing community on the site of a former industrial storage facility north of Downtown Los Angeles. A new six-story mixed-use apartment complex is now under...
Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion

Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion

by Phil Hall | Dec 14, 2023 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The total volume of commercial/multifamily mortgage debt outstanding rose to $4.63 trillion at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). This marked an 0.8% increase, or $37.1 billion, from the second quarter....
Median Rents in Manhattan Drop for the First Time in More Than Two Years

Median Rents in Manhattan Drop for the First Time in More Than Two Years

by Phil Hall | Dec 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last month, the median Manhattan rent was $4,000, down 4.6% from October and down 2.3%...
Mortgage Rates Drop Below the 7% Mark

Mortgage Rates Drop Below the 7% Mark

by Phil Hall | Dec 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage dropped below the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The product averaged 6.95% as of Dec. 14. Last week, was at 7.03%, and one year ago at this time it averaged 6.31%. The...
Q3 Home Flipping Down, But Profits Are Up

Q3 Home Flipping Down, But Profits Are Up

by Phil Hall | Dec 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 72,543 single-family homes and condominiums were flipped in the third quarter, according to new data from ATTOM. This represented 7.2% of home sales, or one of every 14 transactions – down from 7.9% during the second quarter and from 7.7% in the third...
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