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Can Minimum Wage Earners Afford to Buy a Home?

Can Minimum Wage Earners Afford to Buy a Home?

by Phil Hall | Jun 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Question: Can a U.S. worker earning the minimum wage be able to afford to buy a home? The answer is: Yes, but it will take a lot of time to save for a down payment. A new study by Salt Lake City-based BadCredit.org compared Zillow home prices over the past year to...
Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive

Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive

by Phil Hall | Jun 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) announced that Winthrop Watson will retire as president and CEO at the end of this year. Watson has led FHLBank Pittsburgh since 2011, after joining the organization in 2009 as chief operating officer....
The Greenest State Is…

The Greenest State Is…

by Phil Hall | Jun 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Although Kermit the Frog once sang that it’s not easy being green, some states find it easy to be greener than others – at least from an environmental perspective. A new survey conducted by the printer and ink retailer Cartridge Save ranked the green hues of the 50...
HUD Releases $85 Million in PRO Housing Program Grants

HUD Releases $85 Million in PRO Housing Program Grants

by Phil Hall | Jun 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Ahead of tomorrow’s presidential debate, the Biden administration is announcing $85 million in grant funding for the Pathways to Removing Obstacles to Housing (PRO Housing) program, which is designed to lower housing costs and remove barriers to affordable housing...
Poll Finds Voters Unhappy with Chicago Bears Stadium Plan

Poll Finds Voters Unhappy with Chicago Bears Stadium Plan

by Phil Hall | Jun 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The efforts by the Chicago Bears to build a new stadium with the help of public funding has received a thumbs down in a new poll of Illinois voters, but the team is reportedly shifting gears to pursue a stadium in a Chicago suburb. A new survey commissioned by Crain’s...
Mortgage Application Activity Inches Up

Mortgage Application Activity Inches Up

by Phil Hall | Jun 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity enjoyed a slight uptick for the week ending June 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by 0.8% on a seasonally...
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