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Capital Square Acquires Wilmington-Area BFR Community

Capital Square Acquires Wilmington-Area BFR Community

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Capital Square, a multifamily housing developer and a sponsor of tax-advantaged real estate investments, announced its acquisition of Seaboard at Sidbury Station, a newly constructed, 113-unit, build-for-rent (BFR) housing community in the Wilmington suburb of Castle...
Mortgage Application Activity Drops While Forbearance Levels Inch Up

Mortgage Application Activity Drops While Forbearance Levels Inch Up

by Phil Hall | Jul 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed while the number of mortgages in forbearance started to rise, according to new data from the Mortgage Bankers Association (MBA). In tracking the week ending July 19, the MBA’s Market Composite Index dropped by 2.2% on a seasonally...
Salt Lake City to Host 2034 Winter Olympics

Salt Lake City to Host 2034 Winter Olympics

by Phil Hall | Jul 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Utah real estate professionals might want to start put together a new 10-year business development plan as the International Olympic Committee (IOC) has awarded the 2034 Winter Olympics to Salt Lake City. The Utah capital previously hosted the Winter Olympics in 2002...
Guest Opinion: The Potential Future of Realtor Associations

Guest Opinion: The Potential Future of Realtor Associations

by Taylor Oldroyd | Jul 23, 2024 | Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Realtor association leaders play a pivotal role in setting up their organizations for future success. We stand today on the shoulders of past leaders, and it is our duty, as it was with our predecessors, to pass along an organization equipped for the future. In a...
Sales Tumble, Prices Moderate in Florida’s Housing Market

Sales Tumble, Prices Moderate in Florida’s Housing Market

by Phil Hall | Jul 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded 23,183 closed sales of existing single-family homes last month, down 11.1% year-over-year, while existing condo-townhouse sales totaled 8,339, down 20.5% over June 2023, according to data from Florida Realtors. In the second quarter of the year, the...
New York State Median Home Sales Price Hits Record High

New York State Median Home Sales Price Hits Record High

by Phil Hall | Jul 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices were up for the 11th consecutive month in the latest data report from the New York State Association of Realtors (NYSAR). Across the Empire State, the median sales price of homes in June was $448,000, up by 8.5% from the $413,000 price in June 2023. This...
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