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Most Homeowners Waiting for Mortgage Rates to Drop Before Selling

Most Homeowners Waiting for Mortgage Rates to Drop Before Selling

by Phil Hall | Apr 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners planning to sell their properties have good news and bad news for the housing market, according to a new survey from Realtor.com and HarrisX. The good news is the overwhelming majority of those planning to sell their homes in the coming 12 months (86%) are...
Survey Finds Homeowners Delaying Improvement Projects Due to Inflation

Survey Finds Homeowners Delaying Improvement Projects Due to Inflation

by Phil Hall | Apr 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High inflation has caused most Americans to put their home improvement projects on hold, according to a new survey from Discover Home Loans, a division of Discover Financial Services (NYSE: DFS). In a national survey of 1,500 homeowners conducted in late January, 59%...
Report: Multifamily to Outpace Single-Family Housing Globally

Report: Multifamily to Outpace Single-Family Housing Globally

by Phil Hall | Apr 17, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Global construction of new housing is expected to increase by 2.0% per year through 2026 to 60.4 million units, according to the newly published “Global Housing Market 2023-2026” report from ResearchAndMarkets.com. Overall, the report predicted multifamily...
Approval Granted for British Columbia Housing Complex

Approval Granted for British Columbia Housing Complex

by Phil Hall | Apr 17, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Starlight Investments has received approval to move forward with its masterplan and first phase of development of Harris Green Village in Victoria, British Columbia. Starlight Investments purchased the properties along the 900 and 1000 blocks of Yates...
UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site

UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site

by Phil Hall | Apr 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

UMH Properties Inc. (NYSE: UMH), a public equity REIT that owns and operates 135 manufactured home communities in 11 states, has closed on its $2.3 million acquisition of a 30-acre parcel of land located in Perrysburg, Ohio. The property adjacent to the company’s...
New Consulting Firm Seeks to ‘Stabilize and Preserve the Value of New York City Assets’

New Consulting Firm Seeks to ‘Stabilize and Preserve the Value of New York City Assets’

by Phil Hall | Apr 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Broad Street Development LLC (BSD), a New York City-headquartered vertically integrated owner-operator, has launched Paradigm Advisory Group as the company’s consulting arm. Founded by BSD principals Raymond Chalme and Daniel Blanco, Paradigm defined its mission as...
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