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Trump Organization Plans Residential and Retail Project for Florida Golf Resort

Trump Organization Plans Residential and Retail Project for Florida Golf Resort

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Trump Organization is seeking to construct new residences and retail units at one of its Florida golf resorts. Bloomberg reports project would be located at the 600-acre Trump National Doral Miami resort, which is home to a hotel and four golf courses including...
Foreclosure Activity Up During July

Foreclosure Activity Up During July

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 31,929 U.S. properties had foreclosure filings during July, according to new data from ATTOM. This represents a 15% increase from June and up by a scant 0.2% from July 2023. Nationwide, one in every 4,414 housing units had a foreclosure filing last month....
They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Simi Valley, California-based house that gained movie immortality as the haunted residence in the classic 1982 horror film “Poltergeist” has been listed for sale for the first time in 45 years. Built in 1979, the 0.37-acre property features a 2,373-square-foot...
Report: Housing Affordability Proves Elusive for Many Teachers

Report: Housing Affordability Proves Elusive for Many Teachers

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...
Mortgage Application Activity Up Nearly 17%

Mortgage Application Activity Up Nearly 17%

by Phil Hall | Aug 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
CFPB Issues Warning on Contract-for-Deed Transactions

CFPB Issues Warning on Contract-for-Deed Transactions

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
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