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Hits and Misses for the Real Estate Week of Jan. 6-10

Hits and Misses for the Real Estate Week of Jan. 6-10

by Phil Hall | Jan 10, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 6-10. Miss: Last Minute Lawsuit. During his...
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes

Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul is planning to offer proposals designed to restrict hedge funds and private equity firms from acquiring large numbers of single-family homes across the state. The New York Times reports the governor will put forth her proposals at next...
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses

SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Small Business Administration (SBA) is now making low-interest federal disaster loans available to Southern California businesses, homeowners, renters and private nonprofit organizations impacted by the Los Angeles County Wildfires. Disaster loans of up to...
Morgan Properties Acquires First Community in Kentucky

Morgan Properties Acquires First Community in Kentucky

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Morgan Properties, a national real estate investment and management company headquartered in Conshohocken, Pennsylvania, expanded into the Kentucky market with the $39 million acquisition of Blankenbaker Crossings, a 236-unit garden-style apartment community in...
Mike Rawls to Step Down as Xome’s CEO

Mike Rawls to Step Down as Xome’s CEO

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Mr. Cooper Group Inc. (NASDAQ: COOP) announced that Mike Rawls, CEO of its real estate marketplace Xome, plans to retire effective June 30. Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. In addition to his new role with Xome,...
Industrial Property Vacancy Rate Up in Q4

Industrial Property Vacancy Rate Up in Q4

by Phil Hall | Jan 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The national industrial vacancy rate rose by 20 basis points (bps) to 6.7% in the fourth quarter of 2024, according to data from Cushman & Wakefield (NYSE:CWK), which noted the current level is 30 bps below the 10-year, pre-pandemic average. Overall net absorption...
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