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Saks Fifth Avenue to Shut Down San Francisco Store

Saks Fifth Avenue to Shut Down San Francisco Store

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Saks Fifth Avenue has become the latest major retailer to announce its departure from San Francisco’s Union Square after nearly 45 years at the location. According to combined media reports, the retailer’s five-floor store will close on May 10, less than a year after...
Lawyer for NY AG Letitia James Demands Justice Dept. Reject Mortgage Fraud Referral

Lawyer for NY AG Letitia James Demands Justice Dept. Reject Mortgage Fraud Referral

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A lawyer representing New York Attorney General Letitia James called on the Department of Justice to reject a criminal referral by Federal Housing Finance Agency Director Bill Pulte that accused James of mortgage fraud. The Associated Press reports attorney Abbe...
New York State’s Housing Inventory Inches Up, But Sales Remain Static

New York State’s Housing Inventory Inches Up, But Sales Remain Static

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory inched up by 1% year-over-year, from 23,828 homes available in March 2024 to 24,067 homes on the market last month, while new listings jumped 8.8% from 11,377 homes in March 2024 to 12,380 units last months. But according to the New...
Florida Home Sales Down Despite Wider Listings and Inventory

Florida Home Sales Down Despite Wider Listings and Inventory

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida recorded 23,128 closed sales of existing single-family homes during March, down 1.3% year-over-year, while existing condo-townhouse sales totaled 8,414, down 9.8% from one year earlier. According to data from Florida Realtors, the statewide median sales price...
Mortgage Rates in Mild Decline

Mortgage Rates in Mild Decline

by Phil Hall | Apr 24, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates lapsed into a mild decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of April 24, down from last week when it averaged 6.83%. A year ago at this time, it...
Existing Home Sales Down by Nearly 6%

Existing Home Sales Down by Nearly 6%

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank by 5.9% from February to March to a seasonally adjusted annual rate of 4.02 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 2.4% from the 4.12 million transactions in March 2024. On...
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