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Hurricane Helene Forecast to Hit Florida as Category 4 Storm

Hurricane Helene Forecast to Hit Florida as Category 4 Storm

by Phil Hall | Sep 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Hurricane Helene is barreling through the Gulf of Mexico and is expected to make landfall in Florida tonight as a Category 4 storm. AccuWeather is reporting storm surges between one and three feet are expected from the Florida Keys to Mobile, Alabama, with levels...
30-Year Fixed-Rate Mortgage at 2-Year Low

30-Year Fixed-Rate Mortgage at 2-Year Low

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

Mortgage rates continued to become more tolerable in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.08% as of Sept. 26, down from last week when it averaged 6.09%. A year ago at this time,...
Three Lawyers and a Realtor in New Jersey Indicted in Short Sale Fraud Scheme

Three Lawyers and a Realtor in New Jersey Indicted in Short Sale Fraud Scheme

by Phil Hall | Sep 26, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Three licensed attorneys and a licensed realtor in New Jersey were indicted for their roles in defrauding financial institutions in a short sale fraud scheme. Lawyers Bruce Egert, Nelson Kong, Seung Han Shin (aka Aaron Shin) and realtor Francisco Sanchez were each...
Housing Starts Up in Canada’s Largest Cities

Housing Starts Up in Canada’s Largest Cities

by Phil Hall | Sep 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Housing starts in Canada’s six largest census metropolitan areas (CMAs) totaled 68,639 units in the first half of this year, up by 4% from the 65,905 units in the same period during 2023, driven by significant increases in Calgary, Edmonton, and Montreal. According to...
Vanderbilt University Leases 2.2-Acre Campus in Manhattan

Vanderbilt University Leases 2.2-Acre Campus in Manhattan

by Phil Hall | Sep 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Nashville’s Vanderbilt University has signed a 99-year lease on a 2.2-acre campus property in the Chelsea section of Manhattan. The campus, which takes up nearly a full city block and encompasses 13 buildings spanning approximately 150,000 square feet, is owned by The...
Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

Cardone Capital Acquires 331-Unit Multifamily Property in Fort Lauderdale

by Phil Hall | Sep 26, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Cardone Capital, the real estate investment firm led by high-profile investor Grant Cardone, announced the all-cash acquisition of The Edge at Flagler Village, a luxury 331-unit multifamily property in Fort Lauderdale. The financial aspects of the transaction were not...
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