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Utah’s Sundance Film Festival Seeks New Host Venue

Utah’s Sundance Film Festival Seeks New Host Venue

by Phil Hall | Apr 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the most prestigious movie industry events is looking for a new host city. According to a Variety report, the Sundance Film Festival has launched a Request for Information (RIF) process for U.S. cities that would be interested in hosting the annual celebration...
Commercial Real Estate Foreclosures Up 117% From Last Year

Commercial Real Estate Foreclosures Up 117% From Last Year

by Phil Hall | Apr 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 625 commercial real estate foreclosures were recorded in March, according to new data from ATTOM. This is up 6% from February and up by 117% from March 2023. California had the highest number of commercial foreclosures last month at 187, up 8% from February...
Florida Home Sales Down While Property Prices Rise

Florida Home Sales Down While Property Prices Rise

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 23,435 in March, down 10.4% year-over-year, according to new data from Florida Realtors. Existing condo-townhouse sales totaled 9,332, down 16.6% over March 2023. For the first quarter of the year,...
California Home Sales Down in March

California Home Sales Down in March

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 267,470 in March, according to data from the California Association of Realtors (CAR). This is a 7.8% slide from the revised 290,470 homes sold...
New York State’s Housing Inventory Sinks to New Record Low

New York State’s Housing Inventory Sinks to New Record Low

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing inventory across New York State plummeted to a new record low in March, according to the housing report released today by the New York State Association of Realtors (NYSAR). The total inventory of homes across the Empire State was down 14.7% year-over-year,...
HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

by Phil Hall | Apr 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
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