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Elon Musk’s DOGE Terminates Leases on 22 Federal Properties

Elon Musk’s DOGE Terminates Leases on 22 Federal Properties

by Phil Hall | Feb 4, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Elon Musk-run Department of Government Efficiency (DOGE) announced the termination of nearly two dozen leases on federal properties. In an X posting on Sunday evening, DOGE announced, “In the past 6 days, the number of lease terminations of underutilized buildings...
Did Luka Doncic Buy a $15 Million Home Before He Was Traded?

Did Luka Doncic Buy a $15 Million Home Before He Was Traded?

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A news story that Dallas Mavericks star Luka Doncic purchased a $15 million home in Dallas days before the team unexpectedly traded him to the Los Angeles Lakers is not true. Athlon Sports reports the story was rooted in an episode of the podcast “Run It Back” with...
State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm Seeks 22% Emergency Interim Rate Hike in California

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the wildfires that ravaged Los Angeles County are now completely contained, State Farm General is seeking an emergency interim rate hike averaging 22% for California homeowners based on what it called a “dire” financial situation. CNN reported the insurance...
Ground Broken for 576-Unit Multifamily Community in Sacramento

Ground Broken for 576-Unit Multifamily Community in Sacramento

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Russell Square, a licensed general contractor and real estate developer specializing in multifamily development, has partnered with Jackson Square Properties to break ground on Delta Shores, a 576-unit multifamily community in the California capital city of...
Study: Average Q4 Buyer’s Agent Commission Was 2.37%

Study: Average Q4 Buyer’s Agent Commission Was 2.37%

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

by Phil Hall | Feb 4, 2025 | A Phil Hall Op-Ed, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Do you recall the children’s tale of Chicken Little, where a barnyard bird who is hit on the head with an acorn that dropped from a tree limb? Chicken Little took the bonk to its noggin as evidence that the sky was falling and began to run around...
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