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Unsolicited Property Purchase Offers in Fire-Damaged Maui Under Investigation

Unsolicited Property Purchase Offers in Fire-Damaged Maui Under Investigation

by Phil Hall | Sep 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Hawaii Gov. Josh Green announced that his state is now conducting probes into individuals who allegedly made unsolicited property purchase offers to residents in Lahaina, the center of the wildfire destruction on Maui. Green issued an emergency proclamation on Aug. 19...
Tech Trends: Use Facebook to the Fullest

Tech Trends: Use Facebook to the Fullest

by Tony Garritano | Aug 31, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, WRE News Exclusive

Last week I discussed Instagram, so I think it’s only proper to talk about another Meta offering, namely Facebook. Data suggests that every small business can benefit from a Facebook presence. With over 2.91 billion monthly users, Facebook gives small businesses many...
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while fewer people who already own homes are having problems paying back their home loans. Uptick in Lending: ATTOM’s 2023 U.S....
Mortgage Rates Drop, But Still Above 7%

Mortgage Rates Drop, But Still Above 7%

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates recorded a decline but still remained above the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB:FMCC). The 30-year fixed-rate mortgage averaged 7.18% as of Aug. 31, down from last week when it averaged 7.23%. A year...
Denver’s ‘Marijuana Mansion’ Listed at $2.3 Million

Denver’s ‘Marijuana Mansion’ Listed at $2.3 Million

by Phil Hall | Aug 31, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Denver mansion that is considered one of the most important historic sites in the legalized marijuana movement has been listed for sale at $2.3 million. The Denver Business Journal reported the Creswell Mansion, a landmarked site built in 1889 as the residence for...
CMBS Delinquency Rate Drops to 4.25% for August

CMBS Delinquency Rate Drops to 4.25% for August

by Phil Hall | Aug 31, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate dropped by 16 basis points to 4.25% in August, according to new data from Trepp Inc. This marked the second decline in the last six months. “For four of the five major commercial real estate (CRE)...
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