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Hits and Misses for the Real Estate Week of Dec. 4-8

Hits and Misses for the Real Estate Week of Dec. 4-8

by Phil Hall | Dec 8, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A governor who wants to build a lot of starter homes, an unlikely choice for Person of the Year and Jamie Dimon’s cantankerous slam of cryptocurrency. From the wild and wooly world of real estate, here are the hits and misses for the week of Dec. 4-8. Hit: A Governor...
Tech Trends: Using Technology to Take Advantage of Falling Mortgage Rates

Tech Trends: Using Technology to Take Advantage of Falling Mortgage Rates

by Tony Garritano | Dec 8, 2023 | News/Current Events, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

Tech Trends: For five weeks in a row mortgage rate have declined. For those in the mortgage business, this is welcome news. But how do you take advantage of this trend to grow your business? Technology can help. Research done by Forbes tells us that whether you’ve...
MG Properties Acquires Denver Apartment Community for $76 Million

MG Properties Acquires Denver Apartment Community for $76 Million

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

MG Properties, a San Diego-headquartered real estate investment and management company, has completed the $76 million acquisition of Bear Valley Park Apartments, a garden-style community located in Denver. The closing marks MG Properties’ third multifamily...
AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The AARP Foundation announced it has joined a proposed class action lawsuit against Compu-Link (Celink), the nation’s largest reverse mortgage subservicer, and Reverse Mortgage Funding (RMF), formerly the largest reverse mortgage servicer nationwide. The case was...
Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022, across an average of roughly 11 projects. According to the 2023 State of Home Spending report published by Angi (NASDAQ:ANGI),...
Ashcroft Capital Adds South Florida Community to its Portfolio

Ashcroft Capital Adds South Florida Community to its Portfolio

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ashcroft Capital, a New York City-based multifamily investment firm, has acquired Elliot Cocoplum, a garden-style community located midway between Boca Raton and Fort Lauderdale in Florida. Birchstone Residential, Ashcroft Capital’s in-house property management...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/

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JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/

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MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/

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