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Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

Abatement and Demolition Begin on Phoenix’s Metrocenter Mall

by Phil Hall | Sep 20, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Concord Wilshire Capital and TLG Investment Partners have begun the abatement and demolition of the Metrocenter Mall in Phoenix while forming a partnership with Diversified Partners LLC to develop and construct the 140,000-square-foot retail component within the...
British Columbia Real Estate Lawyer Disbarred for Third Time

British Columbia Real Estate Lawyer Disbarred for Third Time

by Phil Hall | Sep 20, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A British Columbia real estate lawyer was declared “ungovernable” and disbarred for a third time by a Law Society of B.C. panel. The CBC reported the Law Society found the Richmond-based Hong Guo engaged in “repetitive, protracted and serious”...
Florida Home Sales and Prices in Decline

Florida Home Sales and Prices in Decline

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida during August totaled 22,675, down 1.1% year-over-year, while existing condo-townhouse sales totaled 7,898, down 14.9% from one year ago, according to data from Florida Realtors. The statewide median sales price...
Homes Sales Up While Inventory Shrinks in New York State

Homes Sales Up While Inventory Shrinks in New York State

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York continued to rise while the state’s housing inventory declined again, according to data from the New York State Association of Realtors. The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. This...
Mortgage Rates Continue to Slide

Mortgage Rates Continue to Slide

by Phil Hall | Sep 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. A year ago at this time, it averaged 7.19%....
Existing Home Sales Down 2.5%

Existing Home Sales Down 2.5%

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down 2.5% from July to August, reaching a seasonally adjusted annual rate of 3.86 million in August, according to new data from the National Association of Realtors (NAR). Year-over-year, sales fell by 4.2% from the 4.03 million sales in...
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