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Elle to Create Residential Tower in Miami

Elle to Create Residential Tower in Miami

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Elle lifestyle media brand has announced its first residential tower with the launch of Elle Residences Miami. The 25-story property will include 180 residences that will be delivered turnkey with interiors inspired by the designs featured in Elle Décor. The...
Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention

Report: Chicago Clears Out Homeless Camps Ahead of Democratic Convention

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The Chicago city government is preparing to shut down and fence off one the city’s largest and most visible homeless encampments ahead of next month’s Democratic National Convention. Chicago recorded 18,836 unhoused people in 2024, a jump from 6,139 in 2023 – the city...
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

by Phil Hall | Jul 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) rose by 1% to 95.0 in June; the index was benchmarked to 100 in March 2012. The...
Foreclosure Activity Down During First Half of the Year

Foreclosure Activity Down During First Half of the Year

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 177,431 properties carried foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first six months of this year, according to new data from ATTOM. This represents a 4.4% decline from the same time period one year ago,...
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price broke a record for the ninth consecutive week, reaching a level of $397,482 during the four weeks ending July 7, according to new data from Redfin (NASDAQ:RDFN). This represents a 4.7% year-over-year spike and the biggest increase in over...
NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

by Phil Hall | Jul 11, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New York City real estate developer has entered into a $272 million settlement with the Securities and Exchange Commission (SEC) over accusations that he defrauded Chinese EB-5 investors. The federal EB-5 federal program enables foreign investors to obtain a U.S....
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