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Will This Become the Most Expensive Home Ever Sold?

Will This Become the Most Expensive Home Ever Sold?

by Phil Hall | Jun 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A sprawling mansion in Bel Air, California, has been listed for $250 million – and if it is sold at the listing price, it will become the most expensive single-family residential sale in U.S. history. The Wall Street Journal reported that Casa Encantada twice made...
Mortgage Application Activity Records Scant Uptick

Mortgage Application Activity Records Scant Uptick

by Phil Hall | Jun 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications recorded a scant uptick in the latest data report from the Mortgage Bankers Association (MBA) that covers the week ending June 16. The Market Composite Index, a measure of mortgage loan application volume, saw a 0.5% rise on a seasonally adjusted...
CVS Health Invests $8.4 Million in Maine Senior Housing Project

CVS Health Invests $8.4 Million in Maine Senior Housing Project

by Phil Hall | Jun 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The pharmacy chain CVS Health (NYSE: CVS) has expanded its focus into real estate with an $8.4 million investment into an endeavor by Community Housing of Maine (CHOM), the Portland Housing Authority and Boston Financial for the construction of 52 affordable housing...
NYC Mansion with a Colorful History Listed at $13 Million

NYC Mansion with a Colorful History Listed at $13 Million

by Phil Hall | Jun 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A New York City mansion with a somewhat wild history will go on sale next month via an online auction, with a listing price of $12.995 million. The Kleeberg Residence at 3 Riverside Drive was built in 1895 in the French Renaissance Revival style by prominent architect...
Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.

Person of the Week: Isaac Dixon, Senior Vice President of Real Estate at DiversyFund Inc.

by Phil Hall | Jun 20, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Isaac Dixon is senior vice president of real estate at DiversyFund Inc., a San Diego-based real estate investment platform. For this new edition of Person of the Week, Dixon offers his views on the current state of the multifamily housing sector. My question is a...
Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million

Herbert Hoover’s Monterey Vacation Home Listed at $2.4 Million

by Phil Hall | Jun 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The property in Monterey, California, that was the summer cottage of President Herbert Hoover and his wife, Lou Henry Hoover, has been listed for sale at $2.395 million. According to a Wall Street Journal report, the Hoovers purchased the wooden cottage in 1913 from...
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