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Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

Lottery Drawing to Determine Tenancy in Manhattan Affordable Housing Development

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tenancy in six studio apartments within an affordable housing development in Manhattan will be decided by a lottery drawing. Hudson Companies and the New York City Department of Housing Preservation and Development announcing the housing lottery for the vacancies at...
Mortgage Rates Fall Further Away From 7%

Mortgage Rates Fall Further Away From 7%

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to leave the 7% in the rearview mirror, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95%. A year ago...
Real Messenger Rolls Out RealPremium Subscription Service

Real Messenger Rolls Out RealPremium Subscription Service

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Real Messenger Inc., a Costa Mesa, California-based provider of real estate communication tools, announced the upcoming launch of its new premium subscription service, RealPremium. According to the company, RealPremium will offer enhanced features and functionality...
Connecticut Shopping Plaza Sells for $19.2 Million

Connecticut Shopping Plaza Sells for $19.2 Million

by Phil Hall | Dec 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE: MMI) announced the sale of $19.2 million sale of Manchester Parkade, a 302,000-square-foot shopping center in Manchester, Connecticut. The property was developed in 1962 and is 92% occupied with 46...
MBA: Median Mortgage Payments Drop by $62 in November

MBA: Median Mortgage Payments Drop by $62 in November

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median mortgage payment was $2,137 in November, down from $62 in October, according to data from the Mortgage Bankers Association (MBA). However, November’s sum is up by $160 from one year ago, equal to an 8.1% increase. The national median mortgage...
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

by Phil Hall | Dec 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of millennials and Gen Zers did not grow up to move away from their hometowns, according to new data from LendingTree (NASDAQ:TREE). In a survey of 2,000 U.S. millennials and Gen Zers, 57% of respondents said they still live in their hometowns, while...
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