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‘There Are No More Excuses’ — Newsom Tells California Cities to Remove Homeless Encampments

‘There Are No More Excuses’ — Newsom Tells California Cities to Remove Homeless Encampments

by Phil Hall | May 12, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom has called on the state’s localities to address the presence of homeless encampments on their streets. “There’s nothing compassionate about letting people die on the streets,” said Newsom in a statement. “Local leaders asked for resources...
Purple Pepe Memecoin Gains First Acceptance as Real Estate Payment

Purple Pepe Memecoin Gains First Acceptance as Real Estate Payment

by Phil Hall | May 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The memecoin Purple Pepe (PURPE) has gained its first acceptance as the payment format on a real estate transaction. Missouri-based real estate developer Daniel Westermier is now accepting PURPE as payment for a commercial property in Sedalia, Missouri. According to...
Report: Typical Home Sold in 2024 Was 36 Years Old

Report: Typical Home Sold in 2024 Was 36 Years Old

by Phil Hall | May 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home sold during 2024 was 36 years old, according to a new report from Redfin (NASDAQ: RDFN). This marked a new record for the average age of sold homes, and it was also nine years older than the median age of homes purchased in 2012. Condominiums being...
California Housing Affordability Level Improves Slightly

California Housing Affordability Level Improves Slightly

by Phil Hall | May 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
Sharia-Compliant Real Estate Investment Fund to Focus on New Jersey Market

Sharia-Compliant Real Estate Investment Fund to Focus on New Jersey Market

by Phil Hall | May 12, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Silk Road Properties Income Fund, a $10 million private real estate investment fund that adheres to Islamic finance principles, has been launched. Created by Apex Capital Group, a Princeton, New Jersey-based real estate investment firm, the fund aims to acquire...
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