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Equiton Teams with Concordia University on Real Estate Investment Research Partnership

Equiton Teams with Concordia University on Real Estate Investment Research Partnership

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

Equiton, a Burlington, Ontario-based private real estate firm, has begun a new partnership with the John Molson School of Business at Concordia University to support research into Canada’s real estate investment landscape. Dr. Erkan Yönder, associate professor...
Mortgage Rates Up for Fourth Straight Week

Mortgage Rates Up for Fourth Straight Week

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

Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week when it averaged 6.90%. A year ago at this...
Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

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

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
Home Mortgage Lending Activity Sank During Q4 2023

Home Mortgage Lending Activity Sank During Q4 2023

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

A new data report from ATTOM has determined there were 1.35 million mortgages secured by residential properties issued during the fourth quarter of 2023. This represented a 13.8% drop from the third quarter – the tenth decline in the last 11 quarters. The fourth...
Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

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

What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
New Jersey Development Site Sells for $7.5 Million

New Jersey Development Site Sells for $7.5 Million

by Phil Hall | Feb 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Tri-State Capital Markets Group announced the $7.5 million sale of a 13,000-square-foot development site located at 511-521 Newark St. in Hoboken, New Jersey. The site is part of the Southwest Hoboken Redevelopment Plan and is being presented for a potential...
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