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Report: Housing Affordability Proves Elusive for Many Teachers

Report: Housing Affordability Proves Elusive for Many Teachers

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...
Dalfen Industrial Sells Warehouse to the State of Florida

Dalfen Industrial Sells Warehouse to the State of Florida

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dallas-headquartered Dalfen Industrial announced the State of Florida purchased one of its buildings in the recently developed Midpoint Florida Logistics Center in Auburndale, Florida. The 423,000-square-foot warehouse has direct access to a full diamond interchange...
Mortgage Application Activity Up Nearly 17%

Mortgage Application Activity Up Nearly 17%

by Phil Hall | Aug 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains

Cohen Realty Enterprises Foreclosure Auction to Include 2 Cinema Chains

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial properties owned by Cohen Realty Enterprises, including a pair of prominent movie theater chains, will go up for auction on Nov. 8. According to a Deadline report, Fortress Credit Corp. sued Cohen earlier this year for defaulting on a large loan backed...
CFPB Issues Warning on Contract-for-Deed Transactions

CFPB Issues Warning on Contract-for-Deed Transactions

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy

Blink Fitness, with 101 Gyms in 7 States, Files for Bankruptcy

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The budget health club chain Blink Fitness has filed for Chapter 11 bankruptcy, leaving the fate of its 101 locations unclear. The company, which is owned by the luxury fitness group Equinox Holdings, issued a statement promising to “continue to provide members with...
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