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Share of First-Time Homebuyers at Record Low

Share of First-Time Homebuyers at Record Low

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of first-time home buyers has reached a record low while the typical age of first-time buyers hit a 40-year high, according to the 2025 Profile of Home Buyers and Sellers report published by the National Association of Realtors (NAR). For the...
HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government

HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Housing and Urban Development Secretary Scott Turner called on Senate Democrats to put “principle over politics” and vote to reopen the federal government. In a posting on X, Turner wrote, “Our colleagues on the Left have forgotten why they were sent to Washington,...
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The...
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

by Phil Hall | Nov 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership. According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and...
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower

JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what could be seen as a major endorsement of Florida’s beleaguered condo market, JLL’s Capital Markets announced it secured $565.35 million in construction financing for The Residences at 1428 Brickell, a 70-story luxury condo tower in Miami’s Brickell...
MCB Real Estate Makes New Acquisition Offer for Whitestone REIT

MCB Real Estate Makes New Acquisition Offer for Whitestone REIT

by Phil Hall | Nov 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MCB Real Estate, a Baltimore-headquartered commercial real estate developer and investment management firm, is renewing its’ attempts to acquire Houston-based Whitestone REIT (NYSE: WSR) by offering to purchase all the outstanding Whitestone shares for $15.20 per...
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