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Tech Trends: Updates on the Data Center Sector

Tech Trends: Updates on the Data Center Sector

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

This week, Tech Trends offers an overview of the latest happenings in the red-hot data center sector. Will Bigger Be Better? Plans are underway in South Korea for one of the world’s largest data centers for artificial intelligence. The Wall Street Journal reports the...
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line

Ohio’s Glasshouse Realty Group Debuts Luxury Business Line

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Glasshouse Realty Group, a real estate brokerage with 10 offices throughout Ohio, has launched Glasshouse Luxury, a business line dedicated to servicing high-end residential real estate transactions. According to the company, the launch of Glasshouse Luxury coincides...
Yardi Teams with SentiLink on Property Application Fraud Initiative

Yardi Teams with SentiLink on Property Application Fraud Initiative

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The real estate software provider Yardi has partnered with the identity verification and fraud detection vendor SentiLink on a new collaboration to help residential property managers detect applications with fake or manipulated credit profiles, including those...
Mortgage Rates Inch Lower

Mortgage Rates Inch Lower

by Phil Hall | Feb 20, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to trend down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20, down from last week when it averaged 6.87%. A year ago at this time, it averaged...
Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market

Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.4 million residential properties were vacant in the first quarter of this year, according to new data from ATTOM. This represents 1.3% of the homes across the nation – the same as in the fourth quarter of last year and up slightly from one year ago. ATTOM...
Zillow: 62% of Black Buyers Purchased Their First Home in 2024

Zillow: 62% of Black Buyers Purchased Their First Home in 2024

by Phil Hall | Feb 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data study from Zillow (NASDAQ: Z, ZG) found 62% of Black homebuyers purchased their first home in 2024, just slightly below the record 63% level in 2023. In comparison, overall, first-time buyers made up just 44% of the market, down from 50% in 2023. Zillow...
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