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Ouch! New Home Sales Down by 13.7%

Ouch! New Home Sales Down by 13.7%

by Phil Hall | Jun 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in May were at a seasonally adjusted annual rate of 623,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This marked a 13.7% slide from the April rate of 722,000 and is...
$110 Million Los Angeles Estate is May’s Most Expensive Home Sale

$110 Million Los Angeles Estate is May’s Most Expensive Home Sale

by Phil Hall | Jun 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 10 most expensive home sales during May were based entirely in Southern California, Florida and Manhattan, according to a new report from Redfin (NASDAQ: RDFN), with four of the homes selling for $55 million or more and all selling for more than $30 million. Last...
Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration is intervening in a case involving a 175-year-old family-owned farm being threatened with eminent domain seizure by the town of Cranbury, New Jersey, which wants to take the property for the construction of affordable housing. Fox Business...

HUD Proposes Eliminating Green Housing Mandate

by Phil Hall | Jun 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums (MIPs) to 25 basis points for all...
Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City has officially ended the migrant arrival center that has been operating within the historic Roosevelt Hotel. The Associated Press reports the center’s last full day in operation was on Monday, with the hotel becoming vacant on Tuesday afternoon. The...
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