Mortgage Rates Decline Slightly

by Phil Hall | Aug 13, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After five consecutive weeks on the rise, mortgage rates finally took a very mild dip. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it...

Multifamily Lending Volume Up 32% Year-Over-Year in 2025

by Phil Hall | Aug 13, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from the Mortgage Bankers Association (MBA) determined that 2,530 different multifamily lenders originated a total of $381.8 billion in new mortgages for multifamily properties with five or more units during 2025. Last year’s multifamily lending...

Chicago Bears Reiterate Focus on Indiana Stadium, But No Final Decision is Made

by Phil Hall | Aug 13, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Chicago Bears leadership reiterated that it remains focused on leaving Illinois to build a new stadium across the state line in Hammond, Indiana. However, the team stopped short of making a declaration for an out-of-state relocation. The Chicago Sun-Times reports...

July’s Housing Market Had 51.3% More Sellers Than Buyers

by Phil Hall | Aug 13, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The July housing market had 51.3% more home sellers than buyers, according to data from Redfin. That imbalance was slightly below December’s peak of 51.8% and up from the 47.9% share recorded in June. Nationwide, there were an estimated 966,752 buyers in the...

Mamdani Drops Campaign Pledge to Build Affordable Housing at Site of Lower Manhattan Garden

by Phil Hall | Aug 13, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani reluctantly jettisoned his campaign promise to demolish the 20,000-square-foot Elizabeth Street Garden in Lower Manhattan in favor of affordable housing for seniors. The garden would have been razed in favor of a 123-unit housing...