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Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

by Phil Hall | Jan 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. mortgage payment during the four weeks ending Dec. 31 was $2,361, according to data from Redfin (NASDAQ:RDFN). This represents a $372 decline (-14%) from October’s all-time high to the lowest level in nearly a year. As payment levels decline, buyer...
Rockwell Institute Debuts Audio Course Options

Rockwell Institute Debuts Audio Course Options

by Phil Hall | Jan 4, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Rockwell Institute, a Bellevue, Washington-based provider of real estate license training and continuing education, has introduced read-along audio options for real estate students. The new immersive course features are available to all students of the self-paced...
Less Than 70,000 Home Sales in Greater Toronto Area During 2023

Less Than 70,000 Home Sales in Greater Toronto Area During 2023

by Phil Hall | Jan 4, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area (GTA) recorded less than 70,000 home sales during 2023, according to data from the Toronto Regional Real Estate Board (TRREB). The 65,982 transactions reported through TRREB’s MLS System last year represented a 12.12% year-over-year decline....
Big Sky Medical Real Estate Acquires First Asset in Phoenix

Big Sky Medical Real Estate Acquires First Asset in Phoenix

by Phil Hall | Jan 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Big Sky Medical Real Estate, a Dallas-based investment manager focused on commercial properties, made its first acquisition in the Phoenix market with the purchase of the Blackhawk Medical Center. The three-building medical and office campus is located in the affluent...
Trepp CMBS Delinquency Rate Drops to 4.51%

Trepp CMBS Delinquency Rate Drops to 4.51%

by Phil Hall | Jan 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Trepp Inc. announced that its commercial mortgage-backed securities (CMBS) delinquency rate ended 2023 at 4.51%. December’s rate was a seven basis points decline for the month. At the end of 2022, the CMBS delinquency rate was 3.04%, a 147 basis points difference. For...
Sotheby’s International Realty Opens Office in Anguilla

Sotheby’s International Realty Opens Office in Anguilla

by Phil Hall | Jan 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sotheby’s International Realty announced the opening of Anguilla Sotheby’s International Realty, the company’s 31st office in the Caribbean. Anguilla Sotheby’s International Realty, based on the West End, will serve the entire island and is owned by...
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