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Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade

Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade

by Phil Hall | Apr 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Bay State might be turning into the Bye-Bye State, as new research from Boston University’s Questrom School of Business found annual net outmigration from Massachusetts soared by 1,100% to 39,000 people since 2013 – and it could reach 96,000 by 2030. The study...
CVS Health Invests $19.2 Million for Colorado Affordable Housing Project

CVS Health Invests $19.2 Million for Colorado Affordable Housing Project

by Phil Hall | Apr 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

CVS Health (NYSE: CVS) announced it has invested $19.2 million through Boston Financial to build 85 new affordable housing units in Arvada, Colorado. The investment was made in collaboration with Family Tree and BlueLine Development. The development, known as Marshall...
Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

by Phil Hall | Apr 24, 2024 | Industry Updates, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Habitat for Humanity Canada announced the appointment of Pedro Barata as president and CEO effective June 24. Barata is currently executive director of the Future Skills Centre, where he led the launch of more than 200 innovation pilots in every region and sector in...
Mortgage Demand Down 2.7%

Mortgage Demand Down 2.7%

by Phil Hall | Apr 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

by Phil Hall | Apr 24, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Total commercial real estate mortgage borrowing and lending during 2023 was estimated to have totaled $429 billion, according to data from the Mortgage Bankers Association (MBA). Last year’s total was down 47% from the $816 billion in 2022 and down 52% from the record...
Madison Group to Build Master-Planned Community in Midtown Toronto

Madison Group to Build Master-Planned Community in Midtown Toronto

by Phil Hall | Apr 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Madison Group, the Toronto-headquartered real estate development company, announced its latest project will be a master-planned community in Toronto’s Midtown. The new project will encompass two individual properties, with two towers at 90-110 Eglinton Ave. East and...
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