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Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate

Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate

by Phil Hall | Feb 1, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Green Street, the provider of commercial real estate intelligence and analytics, has released its “2024 Sector Outlooks,” a series of forward-looking research reports highlighting operating fundamentals and valuations of commercial real estate. According to the...
Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Keller Williams announced it has agreed to a $70 million settlement in the Sitzer/Burnett lawsuit that challenged the commission structure of real estate professionals. Company founder and Executive Chairman Gary Keller announced the settlement in an internal email,...
Mortgage Rates Continue to Drop

Mortgage Rates Continue to Drop

by Phil Hall | Feb 1, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down last week when it averaged 6.69%, and it is up from the 6.09% average of one year ago at this time. The...
New American Funding Acquires Draper and Kramer Mortgage Corp.

New American Funding Acquires Draper and Kramer Mortgage Corp.

by Phil Hall | Feb 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New American Funding (NAF), an independent mortgage lender headquartered in Tustin, California, announced plans to acquire Draper and Kramer Mortgage Corp. (DKMC), a subsidiary of Chicago-based Draper and Kramer Holding (DKH), a financial and real estate services...
Housing Inventory Up for Third Straight Month

Housing Inventory Up for Third Straight Month

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale during January increased by 7.9% from one year earlier, according to data from Realtor.com, which added median listing prices recorded a growth of 1.4% compared to the same time last year. In January, more than half of the 50...
Home Equity Levels Down Slightly During Q4

Home Equity Levels Down Slightly During Q4

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM determined 46.1% of mortgaged residential properties were considered equity rich in the fourth quarter of 2023, down from 48% one year earlier and down from 47.4% in the third quarter for the second consecutive quarterly decline. The...
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