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Northmarq Sells Maryland Build-to-Rent Community for $54 Million

Northmarq Sells Maryland Build-to-Rent Community for $54 Million

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Northmarq, a Minneapolis-headquartered capital markets resource for commercial real estate investors, has completed the $54 million sale of The Current at Watershed, a 97-unit build-to-rent community in Laurel, Maryland. Built in 2023 and located 19 miles south of...
Report: Four States Are Home to Most At-Risk Housing Markets

Report: Four States Are Home to Most At-Risk Housing Markets

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, Florida, Illinois and New Jersey were home to the greatest number of at-risk markets in the country, according to the third quarter Special Housing Risk Report from ATTOM. The new report found two-thirds of the 50 counties considered most exposed to...
Construction Completed on First LIHTC Affordable Apartments for Visually Impaired Residents

Construction Completed on First LIHTC Affordable Apartments for Visually Impaired Residents

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Construction on the nation’s first Low-Income Housing Tax Credit (LIHTC) building for the blind community has been completed.in Chicago. McShane Ashlaur Joint Venture – a partnership between McShane Construction Company and Ashlaur Construction – have concluded the...
CoreLogic: Home Price Growth Slowed in October

CoreLogic: Home Price Growth Slowed in October

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home price growth during October recorded a scant 0.02% increase from September and a 3.4% year-over-year uptick, according to new data from CoreLogic. Among the major metro markets, Chicago posted the highest year-over-year home price increase in October at 6.4%,...
Mortgage Application Activity Up Nearly 3%

Mortgage Application Activity Up Nearly 3%

by Phil Hall | Dec 4, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded an uptick for the week ending Nov. 29, according to data from the Mortgage Bankers Association (MBA); the data included include an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage...
New Forecast Predicts 3.7% Home Sale Price Growth in 2025

New Forecast Predicts 3.7% Home Sale Price Growth in 2025

by Phil Hall | Dec 4, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The coming year will see home sale prices will grow by 3.7% while mortgage rates will stay above 6% and rents will remain virtually unchanged, according to a new forecast from Realtor.com. Realtor.com’s forecast is also pointing to an 11.7% increase in existing home...
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