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Hits and Misses for the Real Estate Week of Sept. 18-22

Hits and Misses for the Real Estate Week of Sept. 18-22

by Phil Hall | Sep 22, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A potential new life for a long-shuttered 100-year-old theater, federal workplaces that truly make employees ill, and Jerome Powell puts his foot on the economic brake. From the wild and wooly world of real estate, here are the hits and misses for this week. Hit and...
Housing Starts Down in August

Housing Starts Down in August

by Phil Hall | Sep 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in August were at a rate of 941,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Last month’s rate was 4.3% below the revised July figure of 983,000. Privately‐owned housing...

HUD Updates Housing Counseling Program Handbook

by Phil Hall | Sep 11, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) has published an update to its Housing Counseling Program Handbook. The update marks the first comprehensive changes since 2010 to the program’s handbook, which educates...

HUD Allocates $24 Million for Fair Housing Initiatives

by Phil Hall | Sep 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) is awarding $24 million from its $56 million FY 2023 budget to support 57 fair housing organizations through the Fair Housing Initiatives Program (FHIP). According to HUD, these funds are being directed to...
Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

by Phil Hall | Aug 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23% as of today, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). Last week, it broke past the 6% mark to average 7.09%m while a year ago at this time...
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