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Report: List Prices Posted Steep Drop in May as New Listings Hit 4-Year High

Report: List Prices Posted Steep Drop in May as New Listings Hit 4-Year High

by Phil Hall | Jun 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median list prices fell 2.4% year-over-year during May, according to a new report from Realtor.com. This marked the steepest decline in data recorded by Realtor.com since 2017. The national median list price was $429,500 in May, up 1.1% from April but down 2.4% from...
June 26 Bidding Deadline Announced for Historic Chicago-Area Racetrack

June 26 Bidding Deadline Announced for Historic Chicago-Area Racetrack

by Phil Hall | Jun 3, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Hilco Global Real Estate Practice, in cooperation with Province LLC, has announced a June 26 deadline for qualified bids on the real estate of Hawthorne Race Course, the historic horse racing venue located 10 miles from downtown Chicago. The auction is being...
Toronto Home Sales Surge Amid Steep Drop in New Listings

Toronto Home Sales Surge Amid Steep Drop in New Listings

by Phil Hall | Jun 3, 2026 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 6,583 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in May, a 6.3% year-over-year increase. This occurred despite an 18.8% year-over-year decline in new listings, which amounted to 17,698 last month. On a...
Florida Lawmakers Pass Gov. DeSantis’ Property Tax Proposal

Florida Lawmakers Pass Gov. DeSantis’ Property Tax Proposal

by Phil Hall | Jun 2, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

The Florida legislature approved Gov. Ron DeSantis’ property tax proposal, sending the issue to voters as a constitutional amendment to be decided upon in November’s election. According to combined media reports, the measure will raise the existing $50,000 exemption...
Mostly Negative Response to Trump Naming FHFA’s Pulte as National Intelligence Chief

Mostly Negative Response to Trump Naming FHFA’s Pulte as National Intelligence Chief

by Phil Hall | Jun 2, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Reaction to President Trump’s surprise announcement that he was appointing Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), to serve as acting director of national intelligence was met with hostile response by Democrats and mostly negative...
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