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Homes Sales Up While Inventory Shrinks in New York State

Homes Sales Up While Inventory Shrinks in New York State

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York continued to rise while the state’s housing inventory declined again, according to data from the New York State Association of Realtors. The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. This...
Mortgage Rates Continue to Slide

Mortgage Rates Continue to Slide

by Phil Hall | Sep 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were down again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. A year ago at this time, it averaged 7.19%....
Existing Home Sales Down 2.5%

Existing Home Sales Down 2.5%

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down 2.5% from July to August, reaching a seasonally adjusted annual rate of 3.86 million in August, according to new data from the National Association of Realtors (NAR). Year-over-year, sales fell by 4.2% from the 4.03 million sales in...
Tech Trends: New Tools for Real Estate Investors

Tech Trends: New Tools for Real Estate Investors

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate Investing, Real Estate News, Tech Trends, WRE News Exclusive

This week’s edition of Tech Trends focuses on new offerings aimed at real estate investors. Multifamily Mortgage Tracking. The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that offers details about loans...
Year-to-Date Luxury Home Sales in Canada on the Rise

Year-to-Date Luxury Home Sales in Canada on the Rise

by Phil Hall | Sep 19, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sales of luxury Canadian homes were up in the first eight months of the year compared to the same period in 2023, according to the newly published 2024 Royal LePage Carriage Trade Luxury Market Report. Sales were on the rise in almost all major cities in Canada,...
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development

by Phil Hall | Sep 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Atlanta-based Georgia-Pacific LLC, the pulp and paper company, announced plans to transform its 51-story world headquarters and the surrounding city block into a mixed-use property. The proposed development, scheduled for completion in fall 2027, will include more...
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