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ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3

ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3

by Phil Hall | Sep 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The absence of affordable homeownership opportunities worsened during the third quarter, according to new data from ATTOM. Increasing home prices and mortgage rates have resulted in a new environment where the typical portion of average wages nationwide required for...
Fewer Pending Home Sales During August

Fewer Pending Home Sales During August

by Phil Hall | Sep 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in August were down 7.1% from July and down 18.7% from August 2022, according to data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings,...
Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water

Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water

by Phil Hall | Sep 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Would you pay roughly $42,000 to live in a train caboose in the Georgia woods? If that tickles your fancy, we have just the property for you. Yes, a train caboose built in 1976 is being offered as a riverfront residential property on an acre of land in Dahlonega,...
NYC Issues RFP for Redevelopment of Historic Armory

NYC Issues RFP for Redevelopment of Historic Armory

by Phil Hall | Sep 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New York City Economic Development Corp. (NYCEDC) issued a Request for Proposals (RFP) for a developer to lease, redevelop, and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx and one of the largest armory buildings in the world....
Guest Opinion: Putting a New Effort into Expanding the Housing Supply

Guest Opinion: Putting a New Effort into Expanding the Housing Supply

by Jenny Schuetz | Sep 27, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

by Phil Hall | Sep 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
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