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Illinois Debuts New Homebuyer Assistance Program

Illinois Debuts New Homebuyer Assistance Program

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois Gov. JB Pritzker unveiled a $15 million homebuyer program designed to help increase home purchase accessibility for low- and moderate-income individuals, families and seniors. The new HFA1 program is administered by the Illinois Housing Development Authority...
Median Asking Rent Price Has First Year-Over-Year Drop in Three Years

Median Asking Rent Price Has First Year-Over-Year Drop in Three Years

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking price for rental housing was $1,995 in May, a 0.6% year-over-year decline, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual decline since March 2020, the first annual decline since March 2020 and a significant shift...
Baby Boomers and Millennials are Moving, But Not to the Same Places

Baby Boomers and Millennials are Moving, But Not to the Same Places

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Migration patterns by baby boomers and millennials during the first quarter of this year had little in common, according to data released by Bank of America (NYSE:BAC). During the first three months of 2023, Las Vegas, Phoenix, Tampa and Orlando were among the most...
FBI Arrests Developer at Center of Texas AG Impeachment

FBI Arrests Developer at Center of Texas AG Impeachment

by Phil Hall | Jun 9, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The FBI arrested the real estate developer at the center of the scandal that resulted in the impeachment of Texas Attorney General Ken Paxton. The Associated Press reported that Nate Paul, the president and CEO of World Class Capital Group, was arrested yesterday...
Construction Begins on Frank Gehry’s Toronto Residential Towers

Construction Begins on Frank Gehry’s Toronto Residential Towers

by Phil Hall | Jun 9, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Iconic architect Frank Gehry has announced the official start of construction on Forma, the high-rise residential towers in his birthplace city of Toronto. Located at 266 and 276 King Street West in the center of Toronto’s entertainment district, Forma will offer...
Mortgage Rates Down Slightly This Week

Mortgage Rates Down Slightly This Week

by Phil Hall | Jun 8, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates went into minor decline after three weeks in ascension, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 8, down from last week when it averaged 6.79%. A year...
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