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Report: Florida HOA Fees Soaring Above National Median

Report: Florida HOA Fees Soaring Above National Median

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s trouble condominium market is hitting residents in their wallets, with homeowners association (HOA) fees rising dramatically to rates that are significantly above the national median. Tampa’s median monthly HOA fee was up 17.2% year-over-year for the three...
Zombie Foreclosure Rate Sinks in Q3

Zombie Foreclosure Rate Sinks in Q3

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Approximately 1.4 million residential properties were vacant during the third quarter, according to new data from ATTOM. That figure represents 1.3%, or one in 76 homes, across the nation – roughly the same as in the second quarter of this year. ATTOM also reported...
GSEs Update Private Mortgage Insurer Eligibility Requirements

GSEs Update Private Mortgage Insurer Eligibility Requirements

by Phil Hall | Aug 22, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the government-sponsored enterprises Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are updating their Private Mortgage Insurer Eligibility Requirements (PMIERs). The GSEs first issued their PMIERs in...
Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy

Connecticut Mayor Sparks Online Anger by Celebrating ‘Ghetto’ Mural by Banksy

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The mayor of Connecticut’s most populous city stirred up online outrage for celebrating a Banksy mural that many people viewed as a slur against a low-income, predominantly nonwhite neighborhood. Bridgeport Mayor Joe Ganim took to Facebook to highlight the presence of...
Kroger Sues FTC Over Attempt to Block Merger with Albertsons

Kroger Sues FTC Over Attempt to Block Merger with Albertsons

by Phil Hall | Aug 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) has filed a motion for preliminary injunction against the Federal Trade Commission’s (FTC) challenge to its merger with Albertson’s Companies Inc. (NYSE: ACI), arguing that the agency’s decision to proceed in an administrative...
Wider Inventory Helps Boost Virginia Home Sales

Wider Inventory Helps Boost Virginia Home Sales

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An expanded housing inventory helped fuel an increase in home sales across Virginia in July, according to new data from Virginia Realtors. Last month saw the sale of 9,947 homes across the state, an influx of 962 sales from one year before that resulted in a 10.7%...
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