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Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’

Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Treasury Secretary Janet Yellen appeared to take on the role of campaign surrogate for the Biden-Harris re-election effort in a speech promoted to consider the “economic case for democracy.” In prepared remarks delivered before the McCain Institute in Washington,...
Housing Economists Offer Mixed Views on Jobs Data

Housing Economists Offer Mixed Views on Jobs Data

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

This morning’s Labor Department data on the addition of 175,000 jobs in April and an uptick in the unemployment rate to 3.9% brought a mixed reaction from economists focused on the housing market. “An economy that is too hot is not good for interest rates,” said...
Builders Publish 10-Point Plan to Address Housing Affordability Challenges

Builders Publish 10-Point Plan to Address Housing Affordability Challenges

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) has published a 10-point plan designed to address housing affordability challenges. In announcing the plan, the NAHB observed there was a nationwide shortage of approximately 1.5 million housing units, which exacerbates...
Floor & Decor to Open First NYC Store

Floor & Decor to Open First NYC Store

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The flooring retailer Floor & Decor (NYSE: FND) will be opening its first New York City store on May 6 in Brooklyn. Atlanta-headquartered Floor & Decor has 228 stores nationwide. The new 129,000-square-foot warehouse-format store will be based on the second...
California Realtors Publish Open Letter Explaining Settlement Terms

California Realtors Publish Open Letter Explaining Settlement Terms

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The California Association of Realtors (CAR) has published an open letter in nearly 40 California newspapers designed to clarify the facts surrounding the recent settlements by the National Association of Realtors and several major brokerages regarding the homebuying...
William Raveis Acquires South Carolina’s Carson Realty

William Raveis Acquires South Carolina’s Carson Realty

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Shelton, Connecticut-based brokerage William Raveis has acquired Carson Realty, a family-owned real estate company serving the greater Hilton Head, Bluffton, and Lake Keowee areas of South Carolina since 2006. The financial terms of the deal were not disclosed....
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