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Refinancing Fuels Uptick in Mortgage Application Activity

Refinancing Fuels Uptick in Mortgage Application Activity

by Phil Hall | Jul 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
Housing Starts Down During June

Housing Starts Down During June

by Phil Hall | Jul 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in June were at a rate of 935,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7% below the revised May figure of slightly more than 1 million. Privately‐owned housing...
Builder Confidence Up for Seventh Straight Month

Builder Confidence Up for Seventh Straight Month

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes during July posted a one-point uptick to 56 in the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marked the seventh consecutive month of rising...
The Best and Worst Cities for First-Time Home Buyers Are…

The Best and Worst Cities for First-Time Home Buyers Are…

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

WalletHub has taken another look at the U.S. housing market, this time with the newly published 2023 edition of the Best & Worst Cities for First-Time Home Buyers. For this study, WalletHub analyzed 300 cities using 22 key metrics ranging from housing...
Luke Bryan cuts price on Florida mansion for second time

Luke Bryan cuts price on Florida mansion for second time

by Phil Hall | Jul 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Country music star Luke Bryan has no problems getting audiences into his shows, but he seems to be stymied getting interest in his mansion in Santa Rosa Beach, Florida. Realtor.com reported the award-winning singer/songwriter first listed his 4,645-square-foot Gulf...
Brookfield Returns NYC’s Historic Brill Building to Lender

Brookfield Returns NYC’s Historic Brill Building to Lender

by Phil Hall | Jul 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owner of one of the most iconic commercial properties in the history of popular music has returned the property to a lender. According to a GlobeSt.com report, Brookfield Asset Management (NYSE:BN) has returned the deed for New York City’s Brill Building to Mack...
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