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Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Listing a home as a fixer-upper may not be a profitable idea anymore, as a new analysis by Zillow (NASDAQ: Z, ZG) found buyers were willing to pay 3.7% more than expected for a home that is already remodeled – which is an additional $13,194 on a typical home and is...
Feds Shut Down NYC’s Congestion Pricing Toll Program

Feds Shut Down NYC’s Congestion Pricing Toll Program

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration’s Department of Transportation has terminated its approval of the congestion pricing toll program in New York City – four months after the Biden administration gave its approval. The program was introduced in early January and charged...
Duracell Relocates R&D Headquarters from Connecticut to Atlanta

Duracell Relocates R&D Headquarters from Connecticut to Atlanta

by Phil Hall | Feb 19, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The battery brand Duracell, a Berkshire Hathaway (NYSE:BRK) company, is relocating its Research and Development (R&D) headquarters from its corporate headquarters in Bethel, Connecticut, to Atlanta. The new R&D facility is scheduled to open in Summer 2026 and...
Single-Family Housing Starts Down by 8.4%

Single-Family Housing Starts Down by 8.4%

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in January were at a rate of 993,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.4% below the revised December figure of 1.08 million. Privately-owned housing starts in...
Mortgage Application Activity and Forbearance Levels Go in Decline

Mortgage Application Activity and Forbearance Levels Go in Decline

by Phil Hall | Feb 19, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity and mortgage forbearance levels are falling, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.6% on a seasonally adjusted...
Bill Ackman Raises Bid on Howard Hughes Holdings

Bill Ackman Raises Bid on Howard Hughes Holdings

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Bill Ackman’s Pershing Square Holdco LP has submitted a new non-binding proposal for a $900 million acquisition of Howard Hughes Holdings Inc. (NYSE: HHH). The new proposal would have Pershing Square acquire 10,000,000 newly issued common shares of HHH for $90 per...
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