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NY Fed: Americans Expect Home Prices to Keep Rising

NY Fed: Americans Expect Home Prices to Keep Rising

by Phil Hall | May 13, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans are bracing for higher home prices, according to the April 2024 Survey of Consumer Expectations published by the Federal Reserve Bank of New York’s Center for Microeconomic Data. In the latest report, median home price growth expectations increased to 3.3%...
A Phil Hall Op-Ed: Stop Using Public Funds to Build Sports Stadiums

A Phil Hall Op-Ed: Stop Using Public Funds to Build Sports Stadiums

by Phil Hall | May 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: One of the most lucrative and audacious scams in the real estate world involves the shakedown of taxpayers to finance the stadiums owned and operated by professional sports teams. Tons of money that could be used to improve schools, social services,...
Fashion Brand Ted Baker Closes U.S. and Canadian Stores

Fashion Brand Ted Baker Closes U.S. and Canadian Stores

by Phil Hall | May 13, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Ted Baker Canada, which conducts business operations for Ted Baker Ltd. in the U.S. and the Ted Baker, Brooks Brothers and Lucky Brand stores in Canada, announced the closing of its retail operations. The closures impact 31 U.S. and nine Canadian stores...
Mortgage Originations for Vacation Homes Down 40% in 2023

Mortgage Originations for Vacation Homes Down 40% in 2023

by Phil Hall | May 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Enthusiasm for vacation homes waned during 2023, according to new data from Redfin (NASDAQ:RDFN). Last year, homebuyers took out 90,772 mortgages for second homes in 2023, down 40% from a year earlier and down 65% from the pandemic housing boom’s 2021 peak. In...
Mother Lode Holding Co. Acquires Wisconsin Title Service Co.

Mother Lode Holding Co. Acquires Wisconsin Title Service Co.

by Phil Hall | May 13, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Mother Lode Holding Co., a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions and a subsidiary of First American Financial Corporation (NYSE: FAF), has acquired Wisconsin Title Service...
FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers

FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers

by Phil Hall | May 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Cincinnati (FHLB) and Homeport, a Columbus, Ohio-based nonprofit housing development, are launching the Rise Up program for qualifying homeowners in Ohio’s Franklin County. According to the organizations, the Rise Up program is funded by...
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