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Thompson Thrift to Construct 300-Unit Community in Suburban Orlando

Thompson Thrift to Construct 300-Unit Community in Suburban Orlando

by Phil Hall | Oct 25, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, Uncategorized, WRE News Exclusive

The multifamily development firm Thompson Thrift announced the development of Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. Located off Highway 441 on the northeast side of The Villages master-planned community, the 15.26-acre...
Automaker Fiat in Partnership on New Jersey Multifamily Complex

Automaker Fiat in Partnership on New Jersey Multifamily Complex

by Phil Hall | Oct 25, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Fiat automobile brand has teamed with UNLMTD Real Estate, a development/investment and property management firm, on the creation of Fiat House, a multifamily development in Fort Lee, New Jersey. Scheduled to open in early 2024 and located at the foot of the George...
Mortgage Application Activity Continues to Slump

Mortgage Application Activity Continues to Slump

by Phil Hall | Oct 25, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity continued to decline, according to data from the Mortgage Bankers Association (MBA) for the week ending Oct. 20. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1% on both a...
New Single-Family Home Sales Up Nearly 34% Year-Over-Year

New Single-Family Home Sales Up Nearly 34% Year-Over-Year

by Phil Hall | Oct 25, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Although mortgage rates are climbing to a vertigo-inducing 8% level and home prices remain at historic highs, Americans are out buying new single-family houses with gusto. According to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban...
Study: Home Down Payment Averages Nearly $85,000

Study: Home Down Payment Averages Nearly $85,000

by Phil Hall | Oct 24, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree (NASDAQ:TREE). This sum is slightly lower than the average of $84,983 recorded one year earlier. LendingTree noted that none of the 50 largest...
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