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Juan Bueno Named President of Operations at Cortland

Juan Bueno Named President of Operations at Cortland

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

Cortland, an Atlanta-headquartered multifamily real estate investment, development, and management company, appointed Juan Bueno as president of operations. In this newly created position, Bueno will oversee a variety of critical functions including operations and...
Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders

Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders

by Alicia Huey | Jul 20, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This is article is adapted from recent written testimony presented before the U.S. House Financial Services Committee Subcommittee on Housing and Insurance by Alicia Huey, 2023 Chairman of the Board of Directors of the National Association of Home Builders and a...
New Record Set for Pennsylvania’s Median Sales Price

New Record Set for Pennsylvania’s Median Sales Price

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

The Pennsylvania housing market broke a record in June when the median sales price for a single-family home reached $229,004 – a 4% leap above previous record of $219,811 set in May. According to data from the Pennsylvania Association of Realtors (PAR), the state’s...
Freddie Mac Reports Decline in Mortgage Rates

Freddie Mac Reports Decline in Mortgage Rates

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

Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
NAR: Existing Home Sales Down in June

NAR: Existing Home Sales Down in June

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

Existing home sales fell 3.3% from May to June, reaching a seasonally adjusted annual rate of 4.16 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales slid 18.9% from 5.13 million in June 2022. The median...
Q2 Profit Margins on Home Sales Reach Nearly 48%

Q2 Profit Margins on Home Sales Reach Nearly 48%

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

Profit margins on median-priced single-family home and condo sales rose to 47.7% during the second quarter, according to new data from ATTOM. This represented the first gain in a year and an increase from the 43.9% in the first quarter. The median nationwide home...
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