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Florida Existing Home Sales Down in August

Florida Existing Home Sales Down in August

by Phil Hall | Sep 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded 22,917 closed sales of existing single-family homes in August, down 7.9% year-over year, while existing condo-townhouse sales totaled 9,279, down 7.2% from the same time one year ago, according to data from Florida Realtors. Last...
W.P. Carey to Exit the Office Property Space

W.P. Carey to Exit the Office Property Space

by Phil Hall | Sep 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

W.P. Carey Inc. (NYSE: WPC), the New York City-based net lease real estate investment trust, announced that it will begin to jettison the office assets within its portfolio. The company is exiting the office space in a two-pronged approach. The first strategy involves...
Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales

Capital Square Promotes Natalie Stephens to Regional Vice President for Southwest Sales

by Phil Hall | Sep 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Capital Square, a Richmond, Virginia-based national firm specializing in tax-advantaged real estate investments, has promoted Natalie Stephens to regional vice president for Southwest sales. In her new role, Stephens will provide sales and marketing support for...
Mortgage Rates Flat, But Still Above 7%

Mortgage Rates Flat, But Still Above 7%

by Phil Hall | Sep 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Tech Trends: Are You Doing E-Mail Outreach Correctly?

Tech Trends: Are You Doing E-Mail Outreach Correctly?

by Tony Garritano | Sep 21, 2023 | News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

Tech Trends: I use iContact to reach my audience. I send out an e-mail every workday to over 80,000 people. Outreach is important. But it’s not about the size of your database or the number of e-mails that you send, it’s about so much more. Here are some things that...
Bank of England Pauses Rate Hikes After 14 Consecutive Increases

Bank of England Pauses Rate Hikes After 14 Consecutive Increases

by Phil Hall | Sep 21, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
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