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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...
Juan Bueno Named President of Operations at Cortland

Juan Bueno Named President of Operations at Cortland

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

Cortland, an Atlanta-headquartered multifamily real estate investment, development, and management company, appointed Juan Bueno as president of operations. In this newly created position, Bueno will oversee a variety of critical functions including operations and...
Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders

Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders

by Alicia Huey | Jul 20, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This is article is adapted from recent written testimony presented before the U.S. House Financial Services Committee Subcommittee on Housing and Insurance by Alicia Huey, 2023 Chairman of the Board of Directors of the National Association of Home Builders and a...
New Record Set for Pennsylvania’s Median Sales Price

New Record Set for Pennsylvania’s Median Sales Price

by Phil Hall | Jul 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Pennsylvania housing market broke a record in June when the median sales price for a single-family home reached $229,004 – a 4% leap above previous record of $219,811 set in May. According to data from the Pennsylvania Association of Realtors (PAR), the state’s...
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