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New Partnership Seeks to Create Thousands of Rental Housing Units

New Partnership Seeks to Create Thousands of Rental Housing Units

by Phil Hall | Oct 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Azora, a Spain-based global investment firm, and the Miami-based real estate investment and management corporation Advenir announced a new strategic partnership aimed at creating thousands of attainable rental housing units in key US markets. The deal creates a new,...
Mortgage Rates Record Uptick

Mortgage Rates Record Uptick

by Phil Hall | Oct 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. A year ago at this time, it averaged 7.49%. The 15-year...
Market Spotlight: Four New Regional Programs for Borrowers

Market Spotlight: Four New Regional Programs for Borrowers

by Phil Hall | Oct 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A quartet of new regionally focused programs for current and prospective homeowners have been announced this week. Westerly, Rhode Island-based Washington Trust has expanded its RI Community Lending Program with the addition of I Luv RI Home Improvement Loans as home...
AOG Living Begins Construction on 147-Unit Active Adult Community in Texas

AOG Living Begins Construction on 147-Unit Active Adult Community in Texas

by Phil Hall | Oct 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

AOG Living, multifamily real estate investment, construction, and property management firm headquartered in Houston, has broken ground on Novum Plano, a new active adult community in Plano, Texas. Developed by AOG Living and financed by CRBE, the new community will...
Airbnb Offers Free Temporary Housing for People Displaced by Hurricane Helene

Airbnb Offers Free Temporary Housing for People Displaced by Hurricane Helene

by Phil Hall | Oct 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Airbnb.org, the nonprofit arm of Airbnb (NASDAQ: ABNB), announced that it would offer free temporary housing for people who have been displaced by Hurricane Helene. The organization is teaming with the Florida United Methodist Conference and 211 contact centers in...
Report: Real Estate Investor Sentiment Up in Q3

Report: Real Estate Investor Sentiment Up in Q3

by Phil Hall | Oct 2, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investor sentiment was on the rise in the third quarter, according to the Fall 2024 RCN Capital/CJ Patrick Company Investor Sentiment Index. The latest index report saw an eight-point increase from the second quarter, with 68% of investors viewing...
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