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Dave Portnoy Sets Massachusetts Real Estate Record with $42 Million Property Purchase

Dave Portnoy Sets Massachusetts Real Estate Record with $42 Million Property Purchase

by Phil Hall | Oct 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Barstool Sports founder Dave Portnoy made real estate history in Massachusetts by paying $42 million for a waterfront compound in Nantucket. The Wall Street Journal, citing unnamed “people familiar with the deal,” said the off-market sale breaks a state record set in...
Hits and Misses for the Real Estate Week of Sept. 25-29

Hits and Misses for the Real Estate Week of Sept. 25-29

by Phil Hall | Sep 29, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A cost-saving residential project in the wrong neighborhood, a retailer’s exit from high-crime cities and an old train caboose marketed as a home. From the wild and wooly world of real estate, here are the hits and misses for the week of Sept. 25-29. Hit and Miss:...
Florida is Home to 7 of the 10 Most Overvalued Housing Markets

Florida is Home to 7 of the 10 Most Overvalued Housing Markets

by Phil Hall | Sep 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida occupies seven rankings on a new list of the top 10 most overvalued housing markets in the country, according to the newly published “The Top 100 U.S. Housing Markets.” The new report said Florida’s Cape Coral metro is the most overvalued housing market in the...
Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area

Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area

by Phil Hall | Sep 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Westlake Village, California-based Sunstone Two Tree, a developer and operator of rental housing communities, announced plans to develop three new build-to-rent (BTR) communities that will add more than 550 single-family rental homes to the Phoenix metropolitan area....
Mortgage Rates at Highest Peak in Almost 23 Years

Mortgage Rates at Highest Peak in Almost 23 Years

by Phil Hall | Sep 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates have reached a level not seen since Bill Clinton was in the White House, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it...
Three Frank Lloyd Wright Homes Now Listed for Sale

Three Frank Lloyd Wright Homes Now Listed for Sale

by Phil Hall | Sep 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It is always news when a residence designed by the iconic architect Frank Lloyd Wright comes on the market. And it is certainly out of the ordinary when three different Wright-designed homes are listed at once. A pair of Usonian-style houses in Galesburg, Michigan,...
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