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Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

by Phil Hall | May 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rate for Black households has grown faster than average since 2019, though it is still lower than its peak from 20 years ago. According to a new data report from Zillow (NASDAQ:Z, ZG), nearly 46% of Black households own their home, down from its...
New Investment Program Aimed at 1031 Exchange Investors

New Investment Program Aimed at 1031 Exchange Investors

by Phil Hall | May 29, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Origin Investments, a Chicago-headquartered multifamily investment solutions provider, has rolled out Origin Exchange, an investment program for qualified 1031 exchange investors. According to the company, the program establishes a Delaware Statutory Trust (DST) to...
Sila Realty Trust to Begin Trading on NYSE

Sila Realty Trust to Begin Trading on NYSE

by Phil Hall | May 29, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Sila Realty Trust Inc., a net lease real estate investment trust focused on the healthcare sector, announced it has received approval to list its common stock on the New York Stock Exchange (NYSE). The New York City-based REIT is expected to begin trading on June 13...
Mortgage Application Activity Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | May 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slumped during the week ending May 24, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.7% on a seasonally adjusted basis from one week...
ATTOM Debuts Building Footprint Data Feature

ATTOM Debuts Building Footprint Data Feature

by Phil Hall | May 29, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The real estate data provider ATTOM has added a Building Footprint feature to its Table of Data Elements. According to the Irvine, California-based company, Building Footprint data covers 187 million U.S. building outlines for all property types. Using advanced...
Eddie Garcia to Step Down as CEO at Realty of Chicago

Eddie Garcia to Step Down as CEO at Realty of Chicago

by Phil Hall | May 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Eddie Garcia is stepping down from the CEO role at Realty of Chicago, the company he founded in 2012. “It has been the greatest honor of my life to lead this team of incredible individuals. I look forward to seeing them flourish in the coming months under new...
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