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Housing Starts Plummet by 12.4%

Housing Starts Plummet by 12.4%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in March were at a rate of 1.02 million, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. This is 12.4% below the revised February figure of 1.16 million. Privately‐owned housing starts in...
Maryland Home Sales Down Nearly 14%

Maryland Home Sales Down Nearly 14%

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Maryland declined year-over-year by 13.9% last month, according to new data from Maryland Realtors. During March, a total of 5,104 units were sold in the state, down from 5,929 in March 2023. Although pending sales inched up by 2.9% during March from one...
Click n’ Close Adds Shared Appreciation Option to Down Payment Assistance Line

Click n’ Close Adds Shared Appreciation Option to Down Payment Assistance Line

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Click n’ Close, an Addison, Texas-based lender formerly known as Mid America Mortgage, has expanded its line of down payment assistance (DPA) loan products to include a shared appreciation option designed to help buyers facing affordability challenges. According to...
Landsea Homes Adds Insurance Coverage to Financial Services Line

Landsea Homes Adds Insurance Coverage to Financial Services Line

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Dallas-headquartered homebuilder Landsea Homes Corporation (Nasdaq: LSEA) has added an insurance component to its Landsea Elements line of financial services products for the company’s homebuyers. According to the company, the new Landsea Insurance Agency is...
Thompson Thrift to Develop 276-Unit Multifamily Community in Vero Beach

Thompson Thrift to Develop 276-Unit Multifamily Community in Vero Beach

by Phil Hall | Apr 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The developer Thompson Thrift has unveiled its next project as Verity, a 276-unit Class A multifamily community in Vero Beach, Florida. According to the company, Verity will span more than 18 acres and consist of three-story buildings offering one-, two- and...
A Phil Hall Op-Ed: Can a Biden ‘Moonshot Initiative’ Increase Housing Supply?

A Phil Hall Op-Ed: Can a Biden ‘Moonshot Initiative’ Increase Housing Supply?

by Phil Hall | Apr 15, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: You never know what you can find on social media. Today, while taking a break from my duties, I scrolled through a site and found the following post that gave me great amusement. “We have the highest mortgage rates in a generation and stubbornly...
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