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Realtor.com Moves HQ from California to Texas

Realtor.com Moves HQ from California to Texas

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin. The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the...
Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A real estate developer and the estate of the owner of a defunct Pittsburgh gay bar filed a lawsuit to prevent the shuttered site from being nominated for historic designation status. WESA.fm reports Laurel Communities and the estate of Donald Thinnes filed their...
Bank of England Announces Rate Cut

Bank of England Announces Rate Cut

by Phil Hall | Feb 6, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of England followed the examples of the European Central Bank and the Bank of Canada by enacting a new rate cut. The central bank’s Monetary Policy Committee (MPC) voted 7-2 to reduce Bank Rate by 0.25 percentage points, to 4.5%. The two dissenting members...
Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

by Phil Hall | Feb 5, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canadian housing sales and prices are expected to improve over the next two years, according to the 2025 Housing Market Outlook published by the Canada Mortgage and Housing Corporation (CMHC). While acknowledging “foreign trade risks and immigration changes” could...
Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing

Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing

by Phil Hall | Feb 5, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The mayor of a Rhode Island town is using eminent domain to seize land owned by a developer planning to construct a 252-unit affordable housing development. WPRI.com reports Mayor Joseph Polisena Jr. of Johnston declared last week that his town has taken over 31 acres...
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