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Hits and Misses for the Real Estate Week of Jan. 15-19

Hits and Misses for the Real Estate Week of Jan. 15-19

by Phil Hall | Jan 19, 2024 | Commercial Real Estate News, Hits and Misses, Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Another cockamamie broker commission lawsuit, an accounting giant exiting its namesake building and Alec Baldwin’s unlikely home selling strategy. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 15-19. Miss:...
FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam

FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam

by Phil Hall | Jan 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Trade Commission (FTC) has started a claims process for consumers victimized by a phony mortgage relief operation known as Lanier Law that collected upfront fees of thousands of dollars and promised consumers lower monthly payments but failed to deliver....
Florida’s Single-Family Home Sales Down 10.3% for 2023

Florida’s Single-Family Home Sales Down 10.3% for 2023

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market closed 2023 with 257,679 sales of existing single-family homes, down 10.3% from 2022, according to data from Florida Realtors. For existing condo-townhouses, a total of 105,411 units sold statewide in 2023, down 16% compared to 2022. For...
New York State Ends 2023 with Record-Low Home Inventory

New York State Ends 2023 with Record-Low Home Inventory

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing market came to the end of 2023 with the lowest-ever recorded inventory of homes. The New York State Association of Realtors (NYSAR) reported an all-time low of 24,469 units in December, a 17.8% decline in the 29,768 homes available in December...
Ameris Bank Debuts Borrower Assistance Program in Jacksonville

Ameris Bank Debuts Borrower Assistance Program in Jacksonville

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ameris Bank has rolled out the Ameris Choice program, which is designed to provide up to $20,000 in assistance to qualified applicants in the Jacksonville, Florida, area for the purchase or refinancing a home. The program is available for individuals purchasing or...
Builder Confidence Up by 7 Points

Builder Confidence Up by 7 Points

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marked the second consecutive month where...
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