Survey: Most People Earning Under $50,000 Struggle to Afford Housing
Nearly three-quarters (74%) of US residents who earn less than $50,000 per year report struggling to cover their mortgage or rent payments, according to a new survey from Redfin (NASDAQ: RDFN). From the 1,802 people polled for the survey, nearly one-quarter (24%) said...
Bill Freeman, Real Estate Investor and Developer Who Welcomed Section 8 Vouchers, Dies at 73
Bill Freeman, the Nashville-based real estate investor and developer who actively welcomed Section 8 housing vouchers at his properties, passed away at the age of 73. According to a report in The Tennessean, Freeman co-founded Freeman Webb Co., a multifamily real...
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
Fourth Avenue Capital Acquires 2 Multifamily Properties in Portland Metro Area
Fourth Avenue Capital announced its acquisition of two multifamily properties in the Portland metro area. The company acquired 140 Sacramento, a newly constructed Class-A townhome property in Portland that was built in 2023. All units in the project are 3-stories tall...
Jay Crowell Named National Retail Division President at Cornerstone Home Lending
Cornerstone Home Lending, a division of Houston-headquartered Cornerstone Capital Bank, has promoted Jay Crowell to the newly created role of president of the national retail division. In his new position, Crowell will drive the strategy and continued growth of...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
