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NAR: Pending Home Sales Up in September

NAR: Pending Home Sales Up in September

by Phil Hall | Oct 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales recorded a 1.1% uptick from August to September, according to data from the National Association of Realtors (NAR), which also noted pending transactions were down 11% from one year earlier. NAR’s Pending Home Sales Index (PHSI) for September had a...
Redfin Rolls Out New Agent Compensation Plan

Redfin Rolls Out New Agent Compensation Plan

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Redfin (NASDAQ:RDFN) has launched Redfin Max, a new pay plan for its agents. According to the Seattle-based company, Redfin Max enables agents to earn competitive splits as high as 75%. The plan covers nearly all business expenses and provides agents technology,...
Thompson Thrift to Construct 300-Unit Community in Suburban Orlando

Thompson Thrift to Construct 300-Unit Community in Suburban Orlando

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, Uncategorized, WRE News Exclusive

The multifamily development firm Thompson Thrift announced the development of Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. Located off Highway 441 on the northeast side of The Villages master-planned community, the 15.26-acre...
Automaker Fiat in Partnership on New Jersey Multifamily Complex

Automaker Fiat in Partnership on New Jersey Multifamily Complex

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Fiat automobile brand has teamed with UNLMTD Real Estate, a development/investment and property management firm, on the creation of Fiat House, a multifamily development in Fort Lee, New Jersey. Scheduled to open in early 2024 and located at the foot of the George...
Mortgage Application Activity Continues to Slump

Mortgage Application Activity Continues to Slump

by Phil Hall | Oct 25, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity continued to decline, according to data from the Mortgage Bankers Association (MBA) for the week ending Oct. 20. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1% on both a...
New Single-Family Home Sales Up Nearly 34% Year-Over-Year

New Single-Family Home Sales Up Nearly 34% Year-Over-Year

by Phil Hall | Oct 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although mortgage rates are climbing to a vertigo-inducing 8% level and home prices remain at historic highs, Americans are out buying new single-family houses with gusto. According to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban...
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