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Cityview Acquires Bay Area Multifamily Complex

Cityview Acquires Bay Area Multifamily Complex

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

Cityview, a multifamily investment management and development firm, has acquired Tralee Village Apartments in the Bay Area city of Dublin, California. The financial terms of the deal were not disclosed. Built in 2011, Tralee Village Apartments encompasses two...
Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

Harvard Study: New Construction Barely Addresses Housing Affordability Challenges

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordability issues for homeowners and renters are creating an economic crisis that is not being easily solved with new construction, according to “The State of the Nation’s Housing 2024” report published by the Joint Center for Housing Studies of Harvard University....
Wisconsin Home Sales Up by 11%

Wisconsin Home Sales Up by 11%

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Wisconsin during May were up by 11% year-over-year, according to new data from the Wisconsin Realtors Association (WRA). Last month, Wisconsin recorded 6,566 home sales, compared to 5,917 sales in May 2023. Wisconsin buyers had a greater selection of...
Knock.com in New Partnership with NFM Lending

Knock.com in New Partnership with NFM Lending

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The fintech Knock.com has partnered with NFM Lending to integrate the Knock Bridge Loan into the mortgage lender’s prequalification process. The Knock Bridge Loan can be used to make a down payment on a new home, pay down debt, cover repairs and moving costs....
Mortgage Rates Down for Third Straight Week

Mortgage Rates Down for Third Straight Week

by Phil Hall | Jun 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of June 20, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.67%....
Pennsylvania’s Median Home Sales Price at $295K

Pennsylvania’s Median Home Sales Price at $295K

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania’s median home sales price reached $295,000 last month, according to data from the Pennsylvania Association of Realtors (PAR). This marks a 5% increase from the $280,000 sales price in April and an 8.2% upswing from $273,000 in May 2023. “Home sales...
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