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New Home Sales Down While More Properties Sit on the Market Longer

New Home Sales Down While More Properties Sit on the Market Longer

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

Sales of new single-family houses in June were at a seasonally adjusted annual rate of 617,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. June’s activity rate was 0.6% below the revised May rate of 621,000...
La Rosa Holdings to Acquire Celebration Corporate Center

La Rosa Holdings to Acquire Celebration Corporate Center

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

La Rosa Holdings Corp. (NASDAQ: LRHC) has entered into a non-binding Letter of Intent to acquire the commercial real estate firm Celebration Corporate Center LLC. The acquisition will be transacted through the company’s wholly owned subsidiary, La Rosa Property...
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...
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