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Nearly Half of US Homes in Q2 Were Equity-Rich

Nearly Half of US Homes in Q2 Were Equity-Rich

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

Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
Blake Giannisis Joins Hub International as North American Property Practice Leader

Blake Giannisis Joins Hub International as North American Property Practice Leader

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

Hub International Ltd., a Chicago-headquartered global insurance brokerage and financial services firm, has hired Blake Giannisis as North American property practice leader. In his new role, Giannisis will lead the further development of the company’s property...
Tech Trends: 7 Tips on How to Use Your Technology the Max

Tech Trends: 7 Tips on How to Use Your Technology the Max

by Tony Garritano | Jul 27, 2023 | News/Current Events, Real Estate News, Tech Trends, WRE News Exclusive

With loan volume still quite low, many are nervous about the future. ATTOM released data which shows that just 1.25 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2023 in the United States – the lowest point...
Long Island Village Considers Buying Accused Serial Killer’s Home

Long Island Village Considers Buying Accused Serial Killer’s Home

by Phil Hall | Jul 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The village government in Long Island that was the home of accused serial killer Rex Heuermann is seeking to purchase the property. The New York Post reported the modest six-room single-family home in Massapequa Park was acquired in 1994 for $170,000 by Heuermann, an...
Campus of Closed College to Have New Life as Police Training Center

Campus of Closed College to Have New Life as Police Training Center

by Phil Hall | Jul 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The campus of a defunct college in upstate New York is being repositioned as a law enforcement training center. The former property of Cazenovia College is being leased for the next two years as the home of the New York State Police Auxiliary Academy. The lease...
Guest Opinion: The Toxic Nature of Contracts for Deed

Guest Opinion: The Toxic Nature of Contracts for Deed

by Elizabeth Goodell | Jul 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This article is adapted from written testimony presented before a recent hearing of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development. I am a lawyer who supervises a practice group at Mid-Minnesota Legal Aid in Minneapolis. My practice...
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