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Chas Olson Named Executive Director at South Dakota Housing Development Authority

Chas Olson Named Executive Director at South Dakota Housing Development Authority

by Phil Hall | Jul 24, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Chas Olson has been appointed executive director of the South Dakota Housing Development Authority. Olson served as interim director of the agency since April. He previously served as the state’s director of rental housing development and worked as a housing...
Hits and Misses for the Real Estate Week of July 17-21

Hits and Misses for the Real Estate Week of July 17-21

by Phil Hall | Jul 21, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre hunt for a movie superstar, a continued sense of builder optimism and a legendary crooner’s love letter to a once-great city. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Preying on Tom Cruise. One...
Lionel Messi Goes Home Shopping in Palm Beach County

Lionel Messi Goes Home Shopping in Palm Beach County

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

Florida’s newest sports superstar resident is looking for a place to call home. According to a report in the Palm Beach Post, Argentine soccer great Lionel Messi has been checking out real estate in southern Palm Beach County. Boca Raton-based luxury real estate agent...
Florida’s Housing Market Struggles with Declining Sales

Florida’s Housing Market Struggles with Declining Sales

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

Florida’s housing market in June recorded 26,071 closed sales of existing single-family homes, down 7.9% year-over-year, while existing condo-townhouse sales totaled 10,494, down 11% over June 2022, according to data from Florida Realtors. The trade group also...
Serious Delinquency Rate Crashes to 17-Year Low

Serious Delinquency Rate Crashes to 17-Year Low

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

The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

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

Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...
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