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The Housing Seesaw: Home Sales Sink While Prices Remain Elevated

The Housing Seesaw: Home Sales Sink While Prices Remain Elevated

by Phil Hall | Aug 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three new data reports have reaffirmed the new normal in housing: sales activity remains in decline while home prices continue to rise. The National Association of Realtors (NAR) determined that home price gains occurred in nearly 60% of major metro markets (128 out...
AG Mortgage Investment Trust Acquires Western Asset Mortgage Corp.

AG Mortgage Investment Trust Acquires Western Asset Mortgage Corp.

by Phil Hall | Aug 9, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

AG Mortgage Investment Trust Inc. (NYSE: MITT), a publicly traded residential mortgage REIT, and Western Asset Mortgage Capital Corp. (NYSE: WMC) have entered into an agreement with AG Mortgage Investment acquiring Western Asset in a fixed exchange ratio stock/cash...
Demand for Retail Space Up by 21 Million SF in First Half of Year

Demand for Retail Space Up by 21 Million SF in First Half of Year

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

The first six months of this year have been very good to the brick-and-mortar retail sector, according to new data from CoStar Group. Demand for retail space increased by 21 million square feet in the first half of 2023. Despite a lethargic economy, CoStar found...
University in Maine Lists 225-Acre Campus for Sale

University in Maine Lists 225-Acre Campus for Sale

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

Unity Environmental University in Maine has put one of its campuses up for sale. The 225-acre location in Unity, Maine, is the secondary teaching location for the school, which has a main campus in New Gloucester, Maine. The school cited its shift to remote and...
MBA: Mortgage Application Volume Down 3.1%

MBA: Mortgage Application Volume Down 3.1%

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

Mortgage application activity continued to slow last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.1% on a seasonally adjusted basis and 4%...
New White Paper Aims to Help First-Time Investors in Multifamily Sector

New White Paper Aims to Help First-Time Investors in Multifamily Sector

by Phil Hall | Aug 9, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

REEP Equity, a San Antonio-based multifamily real estate firm, has published a new white paper aimed at first-time investors in multifamily assets. According to the company, “Your Guide to Multifamily Investing: Unlock the Benefits & Discover How to Select...
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