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Report: Global Prefabricated Building Market to Reach $266.6 Billion by 2031

Report: Global Prefabricated Building Market to Reach $266.6 Billion by 2031

by Phil Hall | Oct 9, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The global prefabricated building market is predicted to grow from $190.7 billion this year to $266.6 billion by 2031, with a compounded average growth rate of 4.3%, according to a new forecast from Consegic Business Intelligence. “Factors such as government...
Jennifer Lopez and Ben Affleck Take Out $20 Million Mortgage on Their New Beverly Hills Home

Jennifer Lopez and Ben Affleck Take Out $20 Million Mortgage on Their New Beverly Hills Home

by Phil Hall | Oct 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While mortgage application activity has been in decline recently, at least one high-profile bucked the trend and took out a home loan for their new residence. The U.S. Sun reported that Jennifer Lopez and Ben Affleck received a $20 million mortgage on their new $61...
Hits and Misses for the Real Estate Week of Oct. 2-6

Hits and Misses for the Real Estate Week of Oct. 2-6

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A candidate for president talks about the housing market, a hospitality group does not want Los Angeles homeless people in the city’s hotels, and an old Iowa jail is up for sale. From the wild and wooly world of real estate, here are our hits and misses for the week...
Auction Scheduled for Jacqueline Kennedy’s Georgetown Mansion

Auction Scheduled for Jacqueline Kennedy’s Georgetown Mansion

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The luxury home purchased by First Lady Jacqueline Kennedy following the assassination of President John. F. Kennedy will be the subject of a no-reserve auction on Oct. 24. The property is based in the Georgetown section of Washington, D.C., and was designated as a...
Financing Secured on First CMHC-Insured Modular Apartment Complex

Financing Secured on First CMHC-Insured Modular Apartment Complex

by Phil Hall | Oct 6, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Peakhill Capital and Z Modular announced the closing of a $26 million deal to finance the construction of the first Canadian modular apartment project that will be insured by the Canada Mortgage & Housing Corp. (CMHC). The project, known as Fuze Lucan, is located...
NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Lawrence Yun, the chief economist for the National Association of Realtors, is warning that today’s mostly positive jobs report should not be embraced as evidence of an improving economy. “The job market continues to crank out jobs in high figures: 336,000 in...
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