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The Top Market for Real Estate Investing in Short-Term Rentals Is…

The Top Market for Real Estate Investing in Short-Term Rentals Is…

by Phil Hall | Feb 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

AirDNA, an online resource that tracks the performance data of Airbnb & Vrbo vacation rentals, has announced its’ list of the best places for real estate investors to acquire short-term rentals. Columbus, Georgia, topped the list, with AirDNA citing “its...
Builder Confidence at 6-Month High

Builder Confidence at 6-Month High

by Phil Hall | Feb 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marks the HMI’s highest level since last...
Refinancing Secured for Landmark NYC Building

Refinancing Secured for Landmark NYC Building

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Capital Markets Group at JLL (NYSE:JLL) has secured the $395 million refinancing of 70 Pine St., a landmarked 66-story property in the heart of New York City’s Financial District. The property was built in 1932 as the offices of Cities Service Company (later known...
Paradatec Launches New Analytics Module for AI-Cloud Platform

Paradatec Launches New Analytics Module for AI-Cloud Platform

by Phil Hall | Feb 15, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Paradatec Inc., a provider of artificial intelligence (AI)-based document analysis technology for the lending and real estate industries, announced the availability of a new analytics module designed to automatically compare system-of-record data from different...
Colonial-Era Connecticut Property to Become Credit Union’s Lending Office

Colonial-Era Connecticut Property to Become Credit Union’s Lending Office

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic property in Cheshire, Connecticut, that was built during the colonial era will begin its next chapter as a credit union’s lending office. The Hartford Business Journal reported Sound Federal Credit Union of Norwalk, Connecticut, acquired the property for...
Investors Bought 26% of Affordable Homes During Q4 2023

Investors Bought 26% of Affordable Homes During Q4 2023

by Phil Hall | Feb 14, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors bought more than one-quarter (26.1%) of lower-priced homes sold in the fourth quarter of 2023, according to new research from Redfin (NASDAQ:RDFN). This marked a new record high and an increase from the 24% share recorded one year earlier. By...
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