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Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets

Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets

by Phil Hall | Dec 1, 2023 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

First Community Mortgage (FCM), a Nashville-based subsidiary of First Community Bank of Tennessee, has named Jeff Pancer to the new position of executive vice president of capital markets. Pancer’s career spans over three decades in the secondary markets. Prior to...
Samuel Harrity Joins Kiavi as SVP of Capital Markets

Samuel Harrity Joins Kiavi as SVP of Capital Markets

by Phil Hall | Dec 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, WRE News Exclusive

Kiavi, a San Francisco-based provider of financing to real estate investors, has hired Samuel Harrity as senior vice president of capital markets. In his new job, Harrity will lead Kiavi’s capital markets strategy and program execution, including Kiavi’s...
Monthly Mortgage Payment Average Continues to Decline

Monthly Mortgage Payment Average Continues to Decline

by Phil Hall | Nov 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing payments have declined for the fifth week in a row, according to new data from Redfin (NASDAQ:RDFN) that found the average homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending Nov. 26, down $164 from a peak of $2,739 last month but up...
Plaza Partners Rebrands as Resident

Plaza Partners Rebrands as Resident

by Phil Hall | Nov 30, 2023 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Plaza Partners, a real estate investment, development, and management company focused on the Greater Toronto Area, has rebranded as Resident. According to the company Resident will continue under its new brand to “leverage its extensive in-house expertise and industry...
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York City townhome that was the residence of award-winning composer and lyricist Stephen Sondheim from 1959 until his death in 2021 was sold for its $7 million asking price. Compass listing agent Michael Franco confirmed the sale to the Wall Street Journal but...
Mortgage Rates Down for Fifth Straight Week

Mortgage Rates Down for Fifth Straight Week

by Phil Hall | Nov 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued their downward trajectory for the fifth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it...
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