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University of Idaho Receives $160 Million for Housing Expansion

University of Idaho Receives $160 Million for Housing Expansion

by Phil Hall | Nov 22, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Idaho State Board of Education is allocating $160 million to expand and renovate housing for students attending the University of Idaho. Fox28 Spokane reports the university has a student housing crisis, with an incoming freshman class that is 40% larger than its...
Gary Gensler to Resign as SEC Chairman on Trump’s Inauguration Day

Gary Gensler to Resign as SEC Chairman on Trump’s Inauguration Day

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Gary Gensler announced he will resign as chairman of Securities and Exchange Commission (SEC) effective at 12:00 p.m. EST on Jan. 20, 2025 – the same time and day when President-elect Donald Trump will be inaugurated to start his second administration. Gensler began...
Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded higher inventory levels and an easing for median price acceleration during October, according to data from Florida Realtors. The Sunshine State had a 4.7-month supply of single-family existing homes last month, up 34.3%...
New York State Home Prices Up for 16th Straight Month

New York State Home Prices Up for 16th Straight Month

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York State soared in October as home sales continued to decline. According to data from the New York State Association of Realtors, the median price of a home statewide rose 11% last month to $415,000, up from $374,000 in October 2023. This marked...
Elon Musk’s Government Efficiency Initiative Takes Aim at Empty Office Surplus

Elon Musk’s Government Efficiency Initiative Takes Aim at Empty Office Surplus

by Phil Hall | Nov 21, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk’s new Department of Government Efficiency (DOGE) has taken aim at the surplus of vacant office properties allocated to federal agencies. The DOGE channel on X ran headline from the Washington Times that announced: “Nearly 90% of feds’ office in D.C. going to...
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