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NYC Completed Nearly 34,000 New Homes in 2024

NYC Completed Nearly 34,000 New Homes in 2024

by Phil Hall | Mar 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City recorded the completion of 33,974 new homes in 2024, the most units completed in a single year since 1965. The Department of City Planning (DCP) attributed this figure to the increase of permitting during 2022 ahead of to the expiration of the 421-a tax...
Winnipeg Real Estate Agents Disciplined for Withholding Information from Homebuyer

Winnipeg Real Estate Agents Disciplined for Withholding Information from Homebuyer

by Phil Hall | Mar 11, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A pair of Winnipeg real estate agents were disciplined by their industry association following a complaint by a homebuyer over their handling of her property purchase. CBC reports the complaint was brought by first-time buyer Chantal Orsak, who bought a home in 2022...
Franklin BSP Realty Trust Acquires NewPoint Holdings

Franklin BSP Realty Trust Acquires NewPoint Holdings

by Phil Hall | Mar 11, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

New York City-based Franklin BSP Realty Trust Inc. (NYSE: FBRT) is acquiring NewPoint Holdings JV LLC, a privately held commercial real estate finance company headquartered in Plano, Texas. The financial terms of the deal were not disclosed. According to the...
Lack of Affordable Housing Blamed for Corporations Not Placing HQ in Cyprus

Lack of Affordable Housing Blamed for Corporations Not Placing HQ in Cyprus

by Phil Hall | Mar 11, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A significant lack of affordable housing is preventing major corporations from relocating their headquarters to Cyprus, according to the Mediterranean island’s Association of Large Investment Projects. According to a Cyprus Mail report, the association declared that a...
Report: Housing Supply Gap at Nearly 4 Million in 2024

Report: Housing Supply Gap at Nearly 4 Million in 2024

by Phil Hall | Mar 10, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US recorded a housing gap of 3.8 million last year, despite having new home construction outpace household formations for the first time since 2016. A new data report from Realtor.com determined it would take 7.5 years to close the housing gap at the 2024 rate of...
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