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The Most Affordable City for Homeownership Is…

The Most Affordable City for Homeownership Is…

by Phil Hall | May 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordability in homeownership has been an elusive concept for the past several years, and a new data analysis by WalletHub has identified the major cities which are the most and least affordable for prospective buyers. In a number crunch of 300 cities using 10...
Fitch Ratings Warns Commercial Real Estate Risks Are Not Limited to Office Properties

Fitch Ratings Warns Commercial Real Estate Risks Are Not Limited to Office Properties

by Phil Hall | May 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the office property sector has generated a surplus amount of attention from anxious lenders and investors, a new warning from Fitch Ratings insisted the risks from higher interest rate encompasses the wider commercial real estate (CRE) market. “The roughly $3...
China is Top Country with Buyers Searching for Miami Real Estate

China is Top Country with Buyers Searching for Miami Real Estate

by Phil Hall | May 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to new data from the Miami Association of Realtors, Chinese buyers generated the most global web searches for Miami-based residential properties during April. China accounted for 9.44% of all international searches on MiamiRealtors.com last month, a...
More New Single-Family Homes Being Sold, But They Are Also Smaller

More New Single-Family Homes Being Sold, But They Are Also Smaller

by Phil Hall | May 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single‐family houses in April were at a seasonally adjusted annual rate of 683,000, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised March rate of 656,000 and 11.8%...
HUD Renews Focus on Native American Housing with Grant Funds and Executive Appointment

HUD Renews Focus on Native American Housing with Grant Funds and Executive Appointment

by Phil Hall | May 23, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has placed a renewed focus on Native American housing, with a new grant to aid this often-overlooked sector and a new officer dedicated to its needs. HUD awarded $95 million to 55 communities through the...
Melissa Ross Smith Joins Peachtree Group as Chief Operating Officer

Melissa Ross Smith Joins Peachtree Group as Chief Operating Officer

by Phil Hall | May 23, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Peachtree Group, an Atlanta-based investment firm focused on the commercial real estate sector, has named Melissa Ross Smith as chief operating officer. According to the company, Smith will be responsible for the overall performance, strategy and organizational...
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