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Mortgage Application Activity Rises by 6.3%

Mortgage Application Activity Rises by 6.3%

by Phil Hall | Nov 27, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise in new data from the Mortgage Bankers Association (MBA) covering the week ending Nov. 22. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.3% on a seasonally adjusted basis from one...
Sterling Organization Sells Charlotte-Area Retail Center for $70 Million

Sterling Organization Sells Charlotte-Area Retail Center for $70 Million

by Phil Hall | Nov 27, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sterling Organization, a private equity real estate investment firm focused on retail property assets, announced the $70 million sale of Windsor Square in the Charlotte suburb of Matthews, North Carolina. The 661,156-square-foot retail center was completed in 1987 and...
Lovett Industrial Breaks Ground on 27-Acre Texas Business Park

Lovett Industrial Breaks Ground on 27-Acre Texas Business Park

by Phil Hall | Nov 27, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Lovett Industrial, a Houston-based real estate investment firm, announced the recent groundbreaking of 121 Logistics Park, a 27-acre urban infill development consisting of 339,280 square feet across two Class A logistics facilities in Coppell and Lewisville, Texas....
Sandra Kainer Joins Keener Management as Regional Vice President

Sandra Kainer Joins Keener Management as Regional Vice President

by Phil Hall | Nov 27, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Keener Management, a Houston-based multifamily property management firm, has announced the appointment of Sandra Kainer as regional vice president. In her new role, Sandra will oversee the company’s portfolio, providing strategic guidance and support to drive...
Federal Court Gives Final Approval for NAR’s Settlement of the Sitzer/Burnett Case

Federal Court Gives Final Approval for NAR’s Settlement of the Sitzer/Burnett Case

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The $418 million settlement by the National Association of Realtors (NAR) of the Sitzer/Burnett case received its final approval in federal court. The New York Times reported Judge Stephen R. Bough of the Western District of Missouri gave his final sign-off on the...
New Home Sales Plummet 17.3% in October

New Home Sales Plummet 17.3% in October

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses during October were at a seasonally adjusted annual rate of 610,000, according to estimates published by the U.S. Census Bureau and the Department of Housing and Urban Development. This represented a 17.3% drop from the revised...
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