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Work Halted on Another NYC Office-to-Residential Conversion Project

Work Halted on Another NYC Office-to-Residential Conversion Project

by Phil Hall | Jul 30, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Department of Buildings halted work on another office-to-residential construction project. The Wall Street Journal reports construction was paused at 750 Third Avenue, a 35-story office building that is being converted by developer SL Green (NYSE: SLG)...
Ground Broken on Affordable Senior Housing Development in Salt Lake City

Ground Broken on Affordable Senior Housing Development in Salt Lake City

by Phil Hall | Jul 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lincoln Avenue Communities (LAC), an acquirer and developer of affordable housing, and the Housing Authority of Salt Lake City (HASLC) have broken ground on Erma’s at Fairmont, a 110-unit affordable senior housing development. Located directly across from...
Fewer Foreign Buyers Acquiring US Existing Homes

Fewer Foreign Buyers Acquiring US Existing Homes

by Phil Hall | Jul 29, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreign buyers seem to be losing interest in buying American existing homes, according to data compiled by the National Association of Realtors (NAR). From April 2025 to March 2026, foreign buyers purchased $45.3 billion in US existing homes. This marked a 19.1%...
Mortgage Application Activity Down by 6.4%

Mortgage Application Activity Down by 6.4%

by Phil Hall | Jul 29, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed down during the week ending July 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 6.4% on a seasonally adjusted basis...
Florida’s Fraternal Order of Police Opposes Property Tax Amendment

Florida’s Fraternal Order of Police Opposes Property Tax Amendment

by Phil Hall | Jul 28, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Florida chapter of the Fraternal Order of Police has become the latest organization to publicly oppose Amendment 3, November ballot referendum that would expand the homestead exemption for non-school property taxes. WUWF reports the organization cited potential...
NYC Median Asking Rent Hits New Record High

NYC Median Asking Rent Hits New Record High

by Phil Hall | Jul 28, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in New York City soared to a new record high of $3,707 in the second quarter, up by $164 or 4.6% year-over-year, according to a data report from Realtor.com. The median asking rent for New York City units with zero to two bedrooms rose 7.3%...
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