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Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers

Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers

by Phil Hall | Apr 17, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Florida and California have seen a disproportionately high level of disruptions to their home insurance coverage, according to a new data study from Redfin (NASDAQ:RDFN). The new Redfin-commissioned survey by Qualtrics was conducted in February and...
Mortgage Application Activity Rises Again

Mortgage Application Activity Rises Again

by Phil Hall | Apr 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity picked up for the week ending April 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.3% on a seasonally adjusted basis from...
Blackstone Seeks Buyer for Motel 6 Lodging Chain

Blackstone Seeks Buyer for Motel 6 Lodging Chain

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate division of Blackstone (NYSE:BX) is reportedly seeking a buyer for the holding company of the discount lodging chain Motel 6. Blackstone acquired the brand in 2012 for $1.9 billion from the French company Accor SA and established G6 Hospitality as its...
Red Lobster Reportedly Considering Bankruptcy Filing

Red Lobster Reportedly Considering Bankruptcy Filing

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The seafood restaurant chain Red Lobster is reportedly exploring a bankruptcy filing. Red Lobster has 649 restaurants, primarily in the U.S. and Canada. According to a Bloomberg News report sourced from unnamed “people with knowledge of the matter,” the...
Powell Backpedals on Rate Cuts, Citing Stubborn Inflation

Powell Backpedals on Rate Cuts, Citing Stubborn Inflation

by Phil Hall | Apr 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell is no longer hinting that multiple rate cuts are likely later this year. According to combined media reports, Powell used a question-and-answer session during a forum in Washington, D.C., yesterday on U.S.-Canada economic...
New Home Purchase Mortgage Applications Up 6.2%

New Home Purchase Mortgage Applications Up 6.2%

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

Mortgage applications for new home purchases in March were 6.2% higher than one year earlier, according to data from the Mortgage Bankers Association (MBA). On a monthly measurement, applications increased by 1% from February. MBA estimated new single-family home...
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